Francisco Partners racks up nearly $17b across two funds

• FP’s limited partners include public and corporate pension funds, foundations, endowments, insurance companies, sovereign wealth funds and family offices
• In its more than 20-year history, Francisco Partners has invested in or acquired more than 400 technology companies
• Kirkland & Ellis LLP served as legal adviser on FP VII and FP Agility III.

Francisco Partners has raised nearly $17 billion across two new funds. The firm’s seventh flagship fund Francisco Partners VIII LP has raised $13.5 billion while Francisco Partners Agility III LP took in $3.3 billion.

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 $23 billion in capital available for investment.

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.

In its more than 20-year history, Francisco Partners has invested in or acquired more than 400 technology companies. 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,” in a statement. With this capital raise, we have taken another step forward as a firm.”

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