Denver-based growth investor Meritage Funds held an interim close on its third fund, according to a Form D filing with the Securities and Exchange Commission. Meritage corralled $81.27 million for its third vehicle out of a targeted $150 million.

The close comes roughly a year after the firm first began fundraising. According to a previous Form D filing, the vehicle, Meritage Fund III LP, originally had a $300 million target. Also, the new filing indicated that the firm lowered its minimum investment threshold to $1 million, down from the $5 million identified in the initial document.

Stanwich Advisors, based in Stamford Conn., was listed as the placement agent.

Meritage is a multi-stage investor that according its website typically commits between $15 million and $40 million in funding per investment. The firm, founded by David Solomon, Jack Tankersley and Jim Allen, specifically targets network-enabled services companies.

Its portfolio includes investments in Midwestern triple-play media company Access Media 3, interactive television outfit Miniweb and education-focused data voice and data transport company Trillion Partners, among others.

Calls to Meritage were not immediately returned by press time.

Technology