Francisco Partners Announces Completion of Fundraising, Closes on nearly $17 Billion in New Capital

By: Francisco Partners via Business Wire

July 12, 2022 at 09:00 AM EDT

As technology sector valuations reset, FP poised to capitalize on opportunities to invest over $23B in capital to partner with leading technology companies.

Francisco Partners (FP) today announced the closing on nearly $17 billion in capital commitments between its $13.5B flagship fund, Francisco Partners VII, L.P., and its $3.3B Francisco Partners Agility III, L.P. fund. The two funds were substantially oversubscribed and exceeded target fund sizes. When combined with previously raised private equity and opportunistic credit funds, Francisco Partners has approximately $23B in capital available for investment.

In its more than 20-year history, Francisco Partners has invested in or acquired more than 400 technology companies and has been repeatedly recognized for market-leading performance¹, making it one of the most active, long-standing and successful investors in the technology industry. FP recently acquired and launched Merative, formerly IBM's healthcare data and analytics business, as well as Boomi, a cloud integration platform provider, from Dell.

“Francisco Partners is a firm which focuses on constantly challenging ourselves to be better – better partners for our LP’s by providing transparency and superior returns, better at supporting our portfolio companies and better at understanding trends and opportunities as investors in the technology sector,” said Dipanjan “DJ” Deb, co-founder & CEO of Francisco Partners. “With this capital raise, we have taken another step forward as a firm. Our challenge, which we don’t take lightly, is to deploy this capital effectively and to continue to improve on our performance. We appreciate the support and confidence of our limited partners and understand our commitment to them for the near and long-term.”

Deb added, “Technology continues to dislocate industries, improve productivity, and will continue to be a growing part of the economy. With that said, excitement and growth often leads to euphoria and excess. The recent slowdown and correction in valuations are a normal part of the technology cycle and we believe it creates interesting opportunities for us to partner with companies navigating their course.”

Francisco Partners closed fundraising on both private equity funds with more than 160 institutional investors from 30 countries around the world. FP’s limited partners include public and corporate pension funds, foundations, endowments, insurance companies, sovereign wealth funds, and family offices. FP had strong support from its existing investors as well as many new prominent investors from Europe, Asia, the Middle East, South America, and the United States.

“We know that every time a limited partner makes a commitment to our fund, we need to work tirelessly to prove ourselves again,” said Andrew Brown, Investor Relations Partner for Francisco Partners. “We appreciate both our long-term partners as well as the new investors who have helped make this fundraise possible.”

Kirkland & Ellis LLP served as legal adviser on FP VII and FP Agility III.

About Francisco Partners

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately $45 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.Franciscopartners.com.

¹ Press Release: Francisco Partners Recognized by HEC Paris-Dow Jones for Continued Market-Leading Performance in 2021

https://www.franciscopartners.com/news/francisco-partners-recognized-by-hec-paris-dow-jones-for-continued-market-leading-performance-in-2021