Harbert raises $120m

View the latest capital raises

Harbert Management Corporation has raised $120 million for its Harbert Growth Partners IV. The Richmond-headquartered firm had an undisclosed target and began fundraising in 2015.

Its previous fund raised $78 million in 2012.

Investors that committed to Harbert Growth Partners IV include significant institutional and family office investors from across the United States.

The fund will target growth equity opportunities in technology and healthcare sectors in North America.