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Komfie Manalo, Opalesque Asia:

Hedge fund managers Blackstone Alternative Asset Management and Goldman Sachs Asset Management (GSAM) took a minority stake in Francisco Partners, global private equity firm that specializes in investments in technology and technology-enabled services businesses.

There was no detail on the terms of the transactions, but Francisco Partners said the fresh capital would fund its continued development of a strong platform while raising commitments to its own funds.

Francisco Partners CEO and co-founder Dipanjan "DJ" Deb, commented, "Since our inception, we have always prided ourselves on the strength of our relationships. We have the opportunity to work with great management teams who create solutions across all sectors of technology. We have incredible limited partners and now we are proud to bring on two strategic partners in Blackstone and Goldman Sachs to help us continue to grow our platform so that we can build on the success of the past 20 years. We are excited about the opportunities ahead of us and welcome the resources and expertise that these firms bring to FP."

Scott Soussa, head of Blackstone Alternative Asset Management's Strategic Capital Group which specializes in acquiring long-term interests in alternative managers, said, "Francisco Partners is driven by a talented i......................

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