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Company type | LLC |
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Industry | Private Equity |
Founded | 1988 |
Founder | William Boyce, Paul Maeder, Bob Higgins |
Headquarters | Cambridge, Massachusetts, United States |
Products | Investments, Venture capital |
Website | www.hcp.com |
Highland Capital Partners is a global venture capital firm with offices in Boston, Silicon Valley, and San Francisco. Highland has raised over $4 billion in committed capital and invested in more than 280 companies, with 47 IPOs and 134 acquisitions. [1]
History of private equity and venture capital |
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Early history |
(origins of modern private equity) |
The 1980s |
(leveraged buyout boom) |
The 1990s |
(leveraged buyout and the venture capital bubble) |
The 2000s |
(dot-com bubble to the credit crunch) |
The 2010s |
(expansion) |
The 2020s |
(COVID-19 recession) |
Highland is typically the first institutional investor in the companies they back. [2]
Since its founding in 1988, the firm has raised eleven venture capital funds:
The company has invested some $4 billion in more than 280 companies since its founding, including 2U, [3] Auris Health, [4] Bromium, [5] Clearbanc,[ citation needed ] Everlywell, [6] Gigamon, [7] Imprivata [8] LevelUp, [9] Lululemon Athletica, [10] Malwarebytes, [11] Qihoo 360, [12] Quattro Wireless, [13] Rent the Runway, [14] Scopely, [15] ThredUp, [16] Turbonomic [17] and VistaPrint. [18]
Notable members of the team include Bob Davis, the founder of Lycos; [19] Gaurav Tewari, the founder of Omega Venture Partners, and formerly of Highland Capital Partners; [20] and Wyc Grousbeck, owner of the Boston Celtics. [21] In February 2005, Thomas G. Stemberg, the founder and former CEO of Staples, joined Highland. [22]
Highland Capital Partners is not affiliated with Highland Capital Management, the distressed investment firm, hedge fund sponsor, and mutual fund manager based in Dallas, Texas.
In November 2020, several of the senior GPs partnered with Ian Friedman, former co-head of Goldman Sachs Investment Partners (Venture Capital and Growth Equity Team) and formed Highland Transcend Partners I, a SPAC that targets disruptive commerce,[ clarification needed ] digital media, and enterprise software. The founding team consists of Friedman (CEO), Bob Davis (executive chairman), Dan Nova (chief investment officer) and Paul Maeder (CFO). [23]
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