PE Tech Report


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Francisco Partners closes USD2bn middle-market technology fund

Private equity firm Francisco Partners (FP) has announced the final closing of Francisco Partners III, LP (FP III) with USD2bn 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, recapitalisations, 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 (pictured), co-founder and managing partner says: “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 USD7 billion in capital commitments. Cooley LLP acted as legal advisor to the general partner of the fund.

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