Francisco Partners Closes Massive $3.3B Tech-Driven 3rd Credit Fund
Francisco Partners (FP) held the final closing of FP Credit Partners III, a $3.3 billion opportunistic credit fund, exceeding its target of $2.3 billion. The fund follows its $2.2 billion predecessor fund and will focus on technology-driven businesses seeking growth and strategic financing solutions.
The credit platform leverages FP’s sectoral expertise to invest in traditional credit financings and flexible capital solutions. Since its 2018 launch, FP Credit has partnered with various companies including Zotec Partners, Zocdoc, and Eventbrite.
The fund attracted diverse investors across multiple continents, including pension funds, foundations, endowments, insurance companies, sovereign wealth funds, and family offices.
“Taking a “one firm” approach and incorporating credit and structuring expertise alongside our private equity platform has broadened Francisco Partners’ reach in the technology ecosystem. With FP Credit Partners III, we are excited to continue to invest opportunistically and support businesses across our credit strategies,” said Dipanjan “DJ” Deb, co-founder and CEO of Francisco Partners.
Since its launch in 2000, Francisco Partners has invested in over 450 technology companies, with over $50 billion in capital raised to date.
Kirkland & Ellis LLP served as legal advisor for the fund.