Private investment firm HIG Capital has shelved plans to launch new funds focused exclusively on investments in the technology sector and will instead deploy capital through other more diversified vehicles, according to a report by Bloomberg.
The report cite people with knowledge of the mater as confirming that the firm, which has pervioulsy made tech sector investments through its HIG Technology Partners Fund, will now use other other funds instead. Technology though, remains one of the firm’s six core verticals, according to Bloomberg’s sources.
John Woyton, who was head of HIG Technology Partners and a managing director, is now listed as a senior adviser on the firm’s website.
