Highland Capital Partners is opening up an office in Europe, to compete with fellow venture firms like Accel Partners, Atlas Venture, Benchmark Capital and Index Ventures. Its office will be based in Geneva, Switzerland, according to PE Week, and adds to its offices already in Lexington, Mass., Bethesda, Marylanda and Menlo Park, Calif.

Meanwhile, Boston continues its decline as an area of investment. 3i Group is closing its Waltham, Mass. office, as it moves away from early-stage investing, PE Week reports.