Mon, Jul 13, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Francisco Partners raises $10bn with three tech funds

Thursday, June 04, 2020

Laxman Pai, Opalesque Asia:

Francisco Partners has raised nearly $10 billion across three funds to invest in technology companies, one of the largest pools of capital collected by a U.S. private-equity firm this year.

The three oversubscribed technology-focused alternative investment funds with a combined $9.7 billion are the $7.45 billion Francisco Partners VI, $1.5 billion Francisco Partners Agility II and $750 million FP Credit Partners.

Francisco Partners VI is a buyout fund, while Agility II is a growth equity fund and FP Credit is an opportunistic credit fund.

Francisco Partners VI LP exceeded its $5.5bn target, said Dipanjan Deb, a co-founder and chief executive of the firm. It is Francisco's largest fund to date.

The nearly $10bn haul demonstrates investors' continued appetite for private equity as an asset class, despite the impact of the coronavirus pandemic on the wider economy, including companies backed by buyout firms.

Investors in Francisco Partners Fund VI include New York State Common Retirement Fund, Albany; Oregon Public Employees Retirement Fund, Tigard; Nebraska Investment Council, Lincoln; Oklahoma Police Pension & Retirement System, Oklahoma City; and University of Houston.

Investors in Francisco Partners Agility II include Oregon Public Employees Retirement Fund, Oklahoma Police Pension & Retirement System and the Ohio State Teachers Retirement System, Columbus.

In its 20-year history, FP has invested in or acquired more ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Disruption from COVID-19 hits ASEAN private equity hard, VCs see much to like in Democrats' $1.5tn Moving Forward Act, US PE firms play the long game as deal-making comes back into focus[more]

    Disruption from COVID-19 hits ASEAN private equity hard Opalesque Industry Update - After a strong 2019, the ASEAN private equity industry has been shaken by the outbreak of the COVID-19 pandemic, reports Preqin. As of September 2019, ASEAN-focused private equity and venture capital asset

  2. Coronavirus crisis: PE industry mulls more realism and longer holding periods[more]

    Laxman Pai, Opalesque Asia: More realism, longer holding periods and an advantage for investors with a long-term focus - these are the main changes that investment managers in the German private equity market expect as a result of the coronavirus crisis. The PE transaction activity is not exp

  3. Multi-strategy hedge funds post double-digit gains, Tiger Global, Coatue score double-digit fund gains in 2020, Lone Pine soars after losses earlier this year, Can Pershing Square's standout year continue?[more]

    Multi-strategy hedge funds post double-digit gains From FT: Large multi-strategy hedge funds have posted double-digit gains for the first half of the year, reversing losses from March, as markets defied the economic downturn brought on by the coronavirus pandemic. Citadel Advisors

  4. Tech: Pandemic boosts digitalisation across the fund industry, The India-China bust up and what it may mean for tech, Machine learning goes global[more]

    Pandemic boosts digitalisation across the fund industry From International Investment: The pandemic has certainly accelerated change and digitalisation in ways that we never imagined, including the funds industry in Luxembourg. Business Continuity Planning and Disaster Recovery Pl

  5. New Launches: Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund, Stafford Capital raises initial $532m for ninth timberland fund, Nalanda Cap eyes $800m fund, China's Unity Ventures hits first close on US dollar fund[more]

    Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund From Forbes: Hedge fund Marshall Wace plans to raise $1 billion for a new fund that will invest in stocks with strong environmental, sustainability and governance (ESG) ratings while betting against stocks with poor rating