• Mon. Sep 26th, 2022

Tech-focused private equity firm Francisco Partners raises fresh $17 bln for deals

Byanna

Jul 13, 2022
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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…



Image and article originally from www.marketwatch.com. Read the original article here.