By Allan Maurer

RICHMOND, VA – Harbert Venture Partners annex fund is raising $7.75 million, according to a regulatory filing.

A spokesman for the firm declined to comment.

Harbert Management Corp. had more than $15 billion under management as of 2007.

According to the filing with the U.S. Securities and Exchange Commission, the firm has raised $325,000 of the fund targeted at $7.5 million.

Harbert has focused it venture funds on Southeastern tech and biotech companies.

The company’s Web site says “We seek to capitalize on what we believe are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, an established entrepreneurial community and a relative lack of residential institutional venture capital, that make the Southeastern US more attractive than other traditional United States venture capital markets.”

It has offices in Richmond, VA and Birmingham, AL.

It’s portfolio includes: Aldagen, Durham, NC; BroadSource, and Windchannel Communications, Atlanta; Innovative BioSensors, College Park, MD; Ion Healthcare, Richmond, VA; JackBe Corp. and MaxCyte in Maryland; nContact Surgical, Morrisville, NC; Optimal Reading Service Group,Birmingham, AL; Privaris, Charlottesville, VA; TapRoot Sytems, Research Triangle Park, NC; Yap, Charlotte, NC; Unitrends Software, Columbia, SC; and NovaMin Technologies, Alachua, FL.

Online: www.harbert.net/venture-capital

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