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Laxman Pai, Opalesque Asia:

American buyout firm Francisco Partners has raised nearly $17 billion for two new funds - $13.5 in billion Francisco Partners VII and $3.3 billion in growth equity fund Francisco Partners Agility III.

The technology-focused private equity funds well exceeded their fundraising targets of $10 billion and $2.25 billion, said a press release. Francisco Partners VI and Francisco Partners Agility II had closed at $7.45 billion and $1.5 billion, respectively, in 2020.

When combined with previously raised private equity and opportunistic credit funds, Francisco Partners has approximately $23 billion in capital available for investment, according to the private equity firm focused exclusively on investments in technology and technology-enabled services businesses.

Francisco Partners closed fundraising on both private equity funds with more than 160 institutional investors from 30 countries around the world. FP's limited partners include public and corporate pension funds, foundations, endowments, insurance companies, sovereign wealth funds, and family offices. FP had strong support from its existing investors as well as many new prominent investors from Europe, Asia, the Middle East, South America, and the United States.

Investors in both Francisco Partners VII and Francisco Partners Agility III include New York State Common Retirement Fund, Albany; State of Wisconsin Investment Board, Madison; Ohio State Teachers' Retirement System, Co......................

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