Barksdale Decides Not to Raise New Fund

Barksdale Group, the investment firm run by former Netscape Communications Corp. Chief Executive James Barksdale, won’t raise a new fund and will wind down operations as its partners take new jobs.

Since its founding in 1999, Barksdale Group raised $180 million and made 17 investments, including a $5 million stake in one of the Internet’s most spectacular failures, online supermarket HomeGrocer.com.

Barksdale has been named a special advisor at General Atlantic, the private equity firm that backed E-Trade Group Inc. and Zagat Survey and has $4 billion in committed capital.