Francisco Partners Management, a technology-focused private equity investment firm, has closed the Agility Fund, a USD600 million fund targeting smaller tech deals.
“Our natural process of meeting companies has consistently produced very interesting opportunities that may be too small for our main funds. With the addition of Agility, we now have the flexibility to opportunistically pursue some of these best opportunities,” says Dipanjan Deb, co-founder and CEO of Francisco Partners.
Francisco Partners is still investing FP IV which includes investments such as Capsilon, Click Software, GoodRx, and the pending acquisition of Dell Software Group.
FP IV will continue Francisco Partners’ focus on middle market technology companies in the US, Europe, and Israel targeting transaction values between USD50 million and USD2 billion while Agility will target sub-USD50 million investments.
“We are incredibly appreciative and humbled by the support of our existing limited partners who stepped forward as the investors in the Agility Fund,” says Deb. “Our team is excited by the opportunity and additional flexibility presented.”
