Francisco Partners Management LP said Tuesday it has $23 billion to invest in the technology sector including $17 billion for two new private equity funds and $6 billion in dry powder remaining in previous funds. The San Francisco firm raised $13.5 billion for its flagship fund Francisco Partners VII LP and $3.3 billion for Francisco Partners Agility III LP. The firm said the funds were oversubscribed and beat their respective targets. “The recent slowdown and correction in valuations are a normal part of the technology cycle and we believe it creates interesting opportunities for us to partner with companies navigating…
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