Highland Capital launches $400 million fund

Highland Capital Partners, a Lexington venture capital firm, announced its eighth fund, Highland Capital Partners VIII Limited Partnership.

In a press release, the firm said, "The new $400 million fund will continue to fuel the firm's focus on early through growth stage investments in exceptional health care, Internet and digital media, and technology companies."

Recent Highland-backed companies with valuations in excess of $1 billion include Conor Medsystems, which was acquired by Johnson & Johnson), lululemon athletica, Starent Networks, and VistaPrint, the release said. (Globe Staff)