- Francisco Partners has announced that it closed about $10 billion in capital commitments across three funds
Francisco Partners has announced that it closed about $10 billion in capital commitments across three funds: Francisco Partners VI, L.P. (a $7.45 billion equity fund), Francisco Partners Agility II, L.P. (a $1.5 billion equity fund), and FP Credit Partners, L.P. (a $750 million opportunistic credit fund). Each of those funds were substantially oversubscribed and exceeded the target fund size.
And in its 20-year history, Francisco Partners has invested in or acquired over 275 technology companies, making it one of the most active and long-standing investors in the technology industry.
Since launching 20 years ago, Francisco Partners has raised over $24 billion in committed capital and invested in over 275 technology companies.
“FP was built on the belief that through deep domain expertise, the firm can be the partner of choice for management teams to help build great companies with enduring value,” said Dipanjan “DJ” Deb, co-founder & CEO of Francisco Partners. “Through our three pools of capital, our team has the flexibility to pursue opportunities across the globe and help management teams and portfolio companies execute operational and strategic transformation.”
With offices in San Francisco, London and New York, Francisco Partners is organized across dedicated teams focused on specific end markets including application software, communications, financial technology, healthcare IT, infrastructure software, internet, security and semiconductors. And this approach enables the firm to invest in companies where its knowledge, network, and experience can help differentiate it as a partner. The firm’s current and past investments include BeyondTrust, ClickSoftware, GoodRx, Ichor Systems, iconectiv, LegalZoom, Quest, and Verifone.
Francisco Partners closed both private equity funds in 6 months with over 130 institutional investors from over 20 countries around the world. And Francisco Partners’ limited partners include public and corporate pension funds, foundations, endowments, insurance companies, sovereign wealth funds, and family offices. Plus Francisco Partners had strong support from its existing investors as well as many new prominent investors from Asia, Europe, the Middle East, South America, Africa, and the United States.
“We are grateful to our longtime limited partners as well as our new partners who have entrusted FP with their capital,” explained Andrew Brown, partner & head of marketing and investor relations at Francisco Partners. “We believe investors appreciated the consistency of our strategy and team as well as our history of helping companies grow and improve operations to create value.”
FP’s investment approach includes partnering with founders, divisional carveouts, take-private transactions and providing strategic capital for M&A. And FP’s equity funds intend to invest in companies with enterprise values ranging from $50 million to over $5 billion. Plus FP’s newly formed opportunistic credit effort focuses primarily on private opportunities, seeking to utilize FP’s network and deep understanding of the technology landscape to be a capital lender of choice.
