Francisco Partners, a technology-focused private equity firm, has closed its fifth fund at about $3.9 billion.
Francisco Partners V LPs include “large institutions,” said a spokesperson for the San Francisco-based firm.
The fund was launched less than six months ago.
In Feb. 11, 2015, Francisco Partners closed its fourth private equity fund at $2.8 billion, generating an IRR of 11.9 percent, as of March 31, 2017, according to data provided by California State Teachers’ Retirement System.
According to the firm, Francisco Partners has raised more than $14 billion in committed capital since its inception 18 years ago.
Shocked young man using smartphone with dollar bills flying away from screen isolated on gray wall office background. Photo courtesy of SIphotography/iStock/Getty Images
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