Latest Francisco Partners fund exceeds target driven by strong demand from existing investors
Francisco Partners Closes FP V at $3.975 Billion
San Francisco & London - Francisco Partners today announced the closing of Francisco Partners V, L.P. (FP V), a $3.975 billion fund that will continue FP’s strong history of partnering with management teams and investing in companies across the technology ecosystem.
Francisco Partners closed its largest fund to date in less than six months through a significantly oversubscribed process. The firm has now raised over $14 billion in committed capital since its inception 18 years ago. Dipanjan “DJ” Deb, co-founder & CEO of Francisco Partners, said, “We appreciate the overwhelming support we received from our limited partners and are excited to welcome a select group of new investors to FP.”
Francisco Partners’ deep sub-sector expertise, which helped the firm generate over $3 billion of realizations in the past 12 months, will remain core to the FP V investment approach. FP senior partners have domain expertise in Communications, FinTech, Healthcare IT, Internet, Security, Software and Systems, and work in close concert with management teams to reposition, reinvigorate and grow businesses. The firm has 45 investment professionals in San Francisco and London, and utilizes 12 operating partners through its relationship with Francisco Partners Consulting.
“The technology market continues to undergo substantial change creating tremendous opportunities for both incumbents and those creating disruption,” added Deb. "With FP V and the Agility Fund, which targets smaller transactions, FP has the capital, flexibility and operating resources to be an outstanding partner to companies across the technology landscape."
Recent FP investments include a partnership with Ericsson through iconectiv, the acquisition of Quest and SonicWALL through the carve-out of Dell Software Group, partnering with health insurance companies with the first outside capital in Availity, and investing in dozens of founder-backed technology companies, including Dynamo and GoodRx.
About Francisco Partners
Francisco Partners is a leading global private equity firm that specializes in investments in technology businesses. Since its launch over 18 years ago, Francisco Partners has raised greater than $14 billion in capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep domain knowledge and operational expertise can help companies realize their full potential.