Editor’s note: Each business day, Local Tech Wire features a profile of a venture capital or investment firm. Matthew Burns, Daniel Pearson and Worth Civils compiled the series. From its Alabama roots, Southeastern Technology Fund expanded into Atlanta two years ago and has made a steady string of investments in the market since then.

Its portfolio now includes Novient, Alogent, Seventh Wave Technology, Fitability Systems and SPI Dynamics.

With $100 million under management in two funds, Southeastern Technology focuses exclusively on the Internet, information technology and communications investments. Initial investments are usually in the range of $2 million to $5 million, with up to $15 million available through follow-on funding rounds.

The firm’s limited partners include founders and executives of Internet, IT and communications companies, who can lend strategic, operational, financial, and technology expertise to portfolio companies. Southeastern Technology looks for companies with aggressive and innovative managers with a vested interest in expansion and a distinctive product or service and that provide the firm with the ability to exit the company in three to five years through a public stock offering, recapitalization, corporate sale, management buyout or put or redemption rights for the firm.

Here’s the skinny:

Featured Firm: Southeastern Technology Fund

Mailing address: 1230 Peachtree St., Suite 2545 Atlanta, GA 30309

Phone number: (404)873-8366

Web site: www.setfund.com

Management Team:

Mark Dunkel
Chris Horgen
Paul Reaves
Emerson Fann
Tina Corley
Rocky Cho
Ramsay Battin

Focus of firm: Information technology and communications

Money under management: $100 million

Companies funded over the last five years:

Alogent
Seventh Wave Technology
MedMined
Novient
Mobular Technologies
USI Net
Nuvox Communications
CyberSource
Orillion
Virtual Learning Technologies
Varsity Group, Inc.
A Life Medical, Inc.
HRT
Hunter Systems
Emageon
Indigo Networks
Investment Scorecard, Inc.
NationTax

In what size range: Initial investments of $2 million to $5 million, and up to $15 million

Sweet Spot (types of deals, stage of the company): Provides long-term equity and operational expertise

Most important attributes for companies seeking funding: Must have a strong, seasoned management team that can pursue large markets in the communications, information technology and Internet sectors.

What differentiates you: Operates as a team to bring strategic, operational, financial, and technology expertise to its portfolio companies, and uses management’s network of relationships and investors to bring additional value to portfolio companies. In addition to their existing network of contacts, firm’s investors provide invaluable resources for portfolio companies.

Tuesday’s profile: HIG Capital

Previous profiles can be found under Venture Watch. Set date parameters for Feb.11 through today, hit enter, and see the VC related stories published since that date.

Previous profiles:

Feb. 11: Academy Venture Funds
Feb. 12: Atlantic Group
Feb. 13: Aurora Fund
Feb. 14: Capital Investment Partners
Feb. 15: Carolina Financial Group
Feb. 18: Carousel Capital
Feb. 19: Catalysta Partners
Feb. 20: Charlotte Angel
Feb. 21: Draper Atlantic
Feb. 22: Eno River
Feb. 25: Halifax Group
Feb. 26: Intersouth Partners
Feb. 27: Kitty Hawk Capital
Feb. 28: NC Enterprise Corp.

March 1: NC Technological Development Authority
March 4: Oberlin Capital
March 5: A.M. Pappas
March 6: Piedmont
March 7: RBC Centura
March 8: Redleaf Group
March 11: Remington Capital
March 12: River Cities
March 13: Research Triangle Ventures
March 14: Southeast Interactive
March 15: Tri-State Investment Group
March 18: Trelys
March 19: truePilot
March 20: Wakefield Group
March 21: Frontier Capital
March 22: Southern Capitol Ventures
March 25: Alliance
March 26: Armada
March 27: Cordova Ventures
March 28: Craven, Green & Wahlen
March 29: Intelligent Systems

April 1: Five Paces Ventures
April 2: Kinetic
April 3: Gray Ventures
April 4: Live Oak
April 5: Mellon Ventures
April 8: Linx
April 9: Monarch
April 10: Noro-Moseley
April 11: Richards Capital
April 12: River Capital