By Dan Primack
November 13, 2012

Highland to begin raising ninth fund.

FORTUNE — Highland Capital Partners this week is expected to send out offering documents for its ninth venture capital fund, Fortune has learned. The target is likely to be $400 million, which is the same amount Highland raised for its eighth fund back in 2009.

Since 2009, however, Highland has undergone a number of senior personnel changes. As we’ve previously reported, Highland co-founders Bob Higgins and Paul Maeder have scaled back their activities and are not expected to be listed as general partners on the new fund. Partner Dan Rosen departed earlier this year to form his own commerce-focused fund, while former Apple (AAPL) ad boss Andy Miller joined in 2011 only to leave this summer for portfolio company Leap Motion. Highland also has made several additions in the junior ranks, including former Google (GOOG) exec Manish Patel.

Moreover, Highland’s European team last fall began raising an affiliated fund that will focus largely on growth-stage tech opportunities. It had a €200 million target, and held a first close last week on an undisclosed amount. Expect the new Highland general fund to consider early-stage opportunities in Europe, but its focus will remain on North American startups.

Highland partner Sean Dalton declined to comment on fundraising, citing SEC marketing restrictions. The firm is based in Cambridge, Mass., and also has offices in Menlo Park, Geneva, London and Shanghai.

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