HighBar Partners has held a final close of HighBar Partners III LP at $208 million, just exceeding the hard cap of $200 million.
HighBar invests in North American-based enterprise and infrastructure software and software-as-a-service companies that are undergoing complex strategic, financial or operational change. “We are fortunate to have the support of an impressive group of limited partners who believe in HighBar’s differentiated approach and strategy,” said John Kim, Managing Partner. “The team is well-positioned with a unique set of skills to deploy the fund into a number of new and exciting opportunities.”
The fund has already made two investments: Virtual Instruments (March 2016), an analytics platform that provides real-time and historical data on the performance, availability, health and utilization of data center infrastructure. The company is based in San Jose, CA (www.virtualinstruments.com); and Janrain (December
2015), a customer identity management platform that is used by companies to build a unified view of its customers across all devices by collecting customer profile data that can be used to power personalized marketing. The company is based in Portland, OR (www.janrain.com).
Capstone Partners (www.capstonepartnerslp.com) was the placement agent for the new fund and Gunderson Dettmer (www.gunder.com) provided legal counsel.
HighBar Partners was founded in August 2009 by John Kim and Roy Thiele-Sardiña and is headquartered in Menlo Park, CA (www.highbarpartners.com).
© 2017 Private Equity Professional | August 11, 2017