The fund’s target is slightly higher than its previous $315 million fund, raised in 2005, but smaller than its vintage 2000 fund, which weighed in at $500 million when the firm was called Nokia Venture Partners.
Varolii Corp., a portfolio company of BlueRun, is in registration for an $86 million IPO.
New Atlantic ups sidecar
Prevail Capital is serving as placement agent.
New Atlantic Ventures has four managing partners, including John Backus and Thanasis Delistathis in Reston, Va., and former DFJ New England co-founders Todd Hixon and Scott Johnson in Cambridge, Mass. The partners split from the Draper Fisher Jurvetson affiliate network in late 2006.