Highland Capital Partners (HCP) focuses on investments in companies in the communications, consumer, Internet, digital media, healthcare and information technology sectors. They specialize in seed, early-stage, later-stage and growth-stage investments, venture buyouts, spin-outs and recapitalizations. Within the information technology sector, HCP focuses on: the Internet, digital media, new media, emerging media, e-commerce, online business, software, services, software-as-a-service (SaaS), open source software, low-cost telesales, online marketing, payment systems, emerging broadband, interactive television and media technologies. The firm's communications sector investments typically include networking and communications infrastructure, mobile, wireless technologies, telecommunications services, service opportunities, cable infrastructure and semiconductors. Within the healthcare sector, HCP prefers to invest in medical technology, software, services, medical devices and biotechnology. The firm's consumer investments focus on consumer goods, consumer services and retail. HCP invests primarily in the US, Asia and Europe. They are typically the first institutional investor in their portfolio companies and usually take a seat on their portfolio companies' boards of directors.The Highland Consumer Fund focuses on investments in the consumer products, consumer services and retail sectors. The Fund targets consumer-facing companies that require capital for growth and expansion. The Fund seeks companies with unique products or services, proven business models as evidenced by sustainable unit economics and replicability on a large scale without margin erosion from competitive forces.