Francisco Partners raises nearly $17bn for latest 2 funds

Francisco Partners has closed buyout fund Francisco Partners VII and growth equity fund Francisco Partners Agility III at $13.5bn and $3.3bn, respectively.

The technology-focused private equity funds well exceeded their fundraising targets of $10bn and $2.25bn, respectively, a spokesman said in an email.

Francisco Partners VI and Francisco Partners Agility II had closed at $7.45bn and $1.5bn, respectively, in 2020.

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Investors in both Francisco Partners VII and Francisco Partners Agility III include the $279.7bn New York State Common Retirement Fund, Albany; the $160bn State of Wisconsin Investment Board, Madison; the $95.6bn Ohio State Teachers’ Retirement System, Columbus; the $95.2bn Oregon Public Employees Retirement System, Tigard; the $41.7bn South Carolina Retirement Systems, Columbia; the $40bn Indiana Public Retirement System, Indianapolis; and the University of Michigan, Ann Arbor, on behalf of its $17.9bn long-term endowment pool.

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 $45bn 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.

Source: Pensions and Investments

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