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Alternative Market Briefing

Francisco Partners closes second credit fund on $2.2bn

Wednesday, October 13, 2021

Bailey McCann, Opalesque New York:

Tech investor Francisco Partners has closed its second credit fund on $2.2 billion. The Fund's total capital commitments reached its hard cap and exceeded its original $1.25 billion target.

The fund is roughly triple the size of its debut credit fund which closed on $750 million just last year. Francisco said that all institutional investors from the first credit fund participated in FP Credit Partners II. Known investors include the New Jersey Division of Investment and the State of Wisconsin Investment Board.

The fund has a relatively broad......................

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