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
RedBird Capital plots fresh bid for Telegraph Media Group as UK ownership saga nears resolution
RedBird Capital plots fresh bid for Telegraph Media Group as UK ownership saga nears resolution...
Toyota’s $42bn bid to simplify empire draws private equity interest
Toyota’s $42bn bid to simplify empire draws private equity interest Toyota Chairman Akio Toyoda is...
Bain Capital and KPS circle Iveco’s €1.5bn defence unit as private equity interest in military assets surges
Bain Capital and KPS circle Iveco’s €1.5bn defence unit as private equity interest in military...