Francisco Partners Closes $3.3 Billion Opportunistic Fund

Francisco Partners Completes Final Closing of New Fund

Francisco Partners, a prominent investment firm, has successfully announced the final closure of its latest fund, FP Credit Partners III, L.P., which has reached an impressive size of $3.3 billion. This substantial credit fund reflects the firm's ongoing commitment to property-focused investments, particularly for technology-centric businesses.

Overview of FP Credit Partners III

The newly established FP Credit Partners III follows in the footsteps of its predecessor, FP Credit Partners II, which raised $2.2 billion. Notably, the new fund exceeded its initial target of $2.3 billion, demonstrating strong interest from investors eager to associate with Francisco Partners in this venture.

Investment Philosophy

In line with its previous funds, FP Credit Partners III will leverage the firm’s extensive sector expertise to pursue a diverse range of investment structures. This includes traditional credit financing options as well as innovative capital solutions tailored to the unique needs of companies navigating today’s market.

As Scott Eisenberg, Head of Credit and Structured Solutions at Francisco Partners, stated, since launching their credit division in 2018, FP has become a preferred partner for growth-oriented technology businesses seeking strategic financial solutions. The flexible and creative structuring of credit and hybrid capital allows Francisco Partners to align closely with the specific goals of management teams and company owners.

Diverse Partnerships Enhance Growth

Through its proactive approach, FP has formed alliances with a variety of companies, including Zotec Partners—which excels in revenue cycle management for healthcare practices—Zocdoc, which simplifies healthcare booking, and Eventbrite (NYSE: EB), a leading self-service ticketing platform. These collaborations highlight the firm’s capacity to catalyze growth in technology-driven sectors.

Broader Impact on Technology Ecosystem

Dipanjan “DJ” Deb, Co-Founder and CEO of Francisco Partners, remarked on the importance of taking a unified approach that integrates credit and structuring expertise alongside their established private equity platform. This strategy has enabled the firm to expand its influence within the technology ecosystem significantly. The enthusiasm surrounding the FP Credit Partners III fund showcases the firm’s dedication to opportunistic investing and ongoing support for businesses across an array of credit strategies.

Commitment to Investors and Strategy

Francisco Partners values the trust of its limited partners—who represent a broad spectrum of investors from North and South America, Europe, Asia, and the Middle East. The firm's partners include public pension funds, corporate pension funds, foundations, endowments, insurance companies, sovereign wealth funds, and family offices. This vast network of support enhances the firm’s ability to effectively deploy capital and ensures that each new fund commitment is met with diligence and commitment to operational excellence.

The legal advisory role for FP Credit Partners III was fulfilled by Kirkland & Ellis LLP, providing the necessary guidance and expertise to navigate this substantial fund closing successfully.

About Francisco Partners

With a 25-year history, Francisco Partners stands as a leading global investment firm focused on technology and technology-enabled businesses. The firm has made significant contributions to the tech landscape with over 450 investments and more than $50 billion in capital raised. Their approach merges deep industry knowledge with operational experience, aimed at unlocking potential and driving success in the world of technology.

To learn more about Francisco Partners, visit their official website.

Frequently Asked Questions

What is FP Credit Partners III?

FP Credit Partners III is a $3.3 billion opportunistic credit fund announced by Francisco Partners that targets investments in technology-driven businesses.

Why did FP Credit Partners III exceed its target?

The fund exceeded its original target of $2.3 billion due to strong investor interest and confidence in the strategies of Francisco Partners.

Who are some partners of Francisco Partners?

Francisco Partners has partnered with various companies including Zotec Partners, Zocdoc, and Eventbrite (NYSE: EB), showcasing its diverse investment portfolio.

What is the focus of Francisco Partners?

The firm specializes in investing in technology and technology-enabled businesses, utilizing its sector expertise to drive growth and innovation.

How long has Francisco Partners been in operation?

Francisco Partners has a 25-year history in investing and supporting technology companies, making it one of the most experienced firms in the industry.

About The Author

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