Francisco Partners closes $21B for tech buyouts, its largest raise ever
What's the deal? Francisco PartnersDealroom has a profile for this one. Try Dealroom → has closed $21 billion across its eighth flagship buyout vehicle, Francisco Partners VIII, and mid-cap fund Agility IV. Both reached their final closings, the firm's largest fundraise since it was founded in 1999.
Where does it come from? Backers include US public pension funds and European long-term capital. The raise reflects demand for technology buyout strategies from institutions with long investment horizons.
What's the endgame? Francisco Partners focuses on controlling buyouts of mature technology companies, investing across cybersecurity, enterprise software, healthcare information technology, industrial software, and fintech.
Why now? The close comes as technology valuations have returned to more rational levels and venture capital has become more cautious. Buyout funds are positioning to acquire established businesses with stable customers and revenue while seeking further operational and strategic growth.
Read more: 36Kr Global
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