Vector Capital hires Matthew Blodgett as managing director

Vector Capital has hired Matthew Blodgett as managing director. In the role, Blodgett will focus on building investor partnerships with technology firms, and non-control investments.

Prior to joining Vector, Blodgett was focused on technology investments at North Bridge Growth Equity, where he served as a partner in the firm.

California-based Vector Capital is a private equity firm focused on growth equity investments in technology, specifically targeting recapitalizations and turnarounds.  The firm manages approximately $2 billion in equity.

Vector is currently investing out of its fourth fund, Vector Capital IV which closed on $1.2 billion in 2007, according to Private Equity International’s research and analytics division. Investments have included LANDesk Software, RAE Systems and Register.com.