Francisco Partners has raised just shy of $10 billion across a trio of new funds, including a $7.45 billion flagship effort that is the third-largest buyout fund closed in the US so far in 2020, according to PitchBook data. The San Francisco-based firm’s other two new funds are a $1.5 billion vehicle focused on smaller tech deals and a $750 million debut credit fund.
Francisco Partners closed its previous flagship fund on about $4 billion in 2017.
Investors have only closed 86 private equity funds in the US so far this year, according to PitchBook data, a far cry from the 320 such vehicles that were closed in 2019 and a symptom of how the coronavirus crisis has slowed down many aspects of the private markets. This year’s funds have so far raised a total of $94.6 billion, also on pace for a decline from last year’s decade-high of $310.4 billion.
Source: Pitchbook
Can’t stop reading? Read more
Top private equity news of the week
A consortium of investors, led by Maverick Carter and advised by UBS Group AG and Evercore, is...
IMM Private Equity fully exits Woori Financial with 2.4x ROI
IMM Private Equity sold its remaining 1.38% stake in Woori Financial Group for 166.4 billion won...
LACERA commits $2.2bn to private markets, diversifying $77bn portfolio
The Los Angeles County Employees’ Retirement Association approved $2.2bn in commitments across...