Private equity firm Francisco Partners has closed its third fund, Francisco Partners III, L.P., with $2 billion in commitments. Francisco Partners focuses on investments in middle market information technology companies, including buyouts, recaps and restructuring. The firm, which has offices in San Francisco and London, has raised roughly $7 billion since 1999. Cooley LLP acted as legal advisor to the firm.
Francisco Partners (“FP”), a leading global private equity firm focused exclusively on information technology investments, today announced the final closing of Francisco Partners III, L.P. (“FP III”) with $2.0 billion of capital commitments. FP III closed at the target and hard cap of the fund.
FP provides transformational capital to middle market information technology companies. Transaction structures include buyouts, divisional divestitures, recapitalizations, restructurings and growth equity financings. FP works with management teams to reposition and strengthen technology companies facing operational challenges and strategic inflection points. The group pursues opportunities globally, both as stand-alone investments and as add-on acquisitions for portfolio companies.
Dipanjan Deb, Co-Founder and Managing Partner said, “We are gratified by the support we have received from both existing and new Francisco Partners investors. Information technology remains one of the most dynamic, important, and rapidly growing sectors of the global economy. FP III is well positioned to take advantage of the substantial opportunities in the technology middle market.”
Since Francisco Partners started its technology investment business in 1999, the firm has raised approximately $7 billion in capital commitments.
Cooley LLP acted as legal advisor to the general partner of the fund.
About Francisco Partners
Francisco Partners is a leading global private equity firm focused exclusively on investments in technology and technology-enabled services businesses. With approximately $7 billion of capital raised to date, Francisco Partners pursues structured investments in technology companies, targeting investments in private companies, public companies and divisions of public companies, with transaction values ranging from $25 million to over $500 million. For additional information, visit www.franciscopartners.com.