INTERSOUTH'S FIFTH FUND TOPS $175M.

Intersouth Partners of Durham has raised $175 million for its fifth venture capital fund, Intersouth Partners V L.P.

"We are pleased and flattered to have attracted some of the most sophisticated institutions in the world as investors," said Dennis Dougherty, Intersouth Partners' founding general partner. "With this new fund, we will continue to build upon our leadership position in early-stage investing throughout the Southeast."

Intersouth will continue its strategy of investing in early-stage Internet, information technology, genomics and life science companies. "We are not going to change our style of investing," said Mitch Mumma, a general partner at …