Francisco Partners eyes FinTech opportunities following $3.9bn fund close

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fintech insurtech wealthtech regtech ai cybertech esg news

Tech-focused private equity investor Francisco Partners has raised $3.9bn for its latest buyout fund.

The final close marks the firms biggest vehicle to date, comfortably beating the $2.8bn it raised two years ago. The oversubscribed fund was raised in just six months, after attracting commitments from returning and new investors.

FP V will continue the buyout house’s traditional strategy of investing in FinTech, communications, healthcare IT, internet, security and software and systems sectors.

The firm started raising funds in 2000 and rounded up $2.5bn for its debut vehicle. Since then, its vehicles have each raised a minimum of $2bn.

Francisco has now raised more than $14bn in capital since its inception and currently boasts a portfolio of 41 companies.

Francisco co-founder Dipanjan Deb said, “We appreciate the overwhelming support we received from our limited partners and are excited to welcome a select group of new investors to FP.

“With FP V and the Agility Fund, which targets smaller transactions, FP has the capital, flexibility and operating resources to be an outstanding partner to companies across the technology landscape.”

The firm has made a range of investments into the FinTech space this year. Last month, Francisco Partners made an undisclosed majority investment into portfolio management solution Dynamo Software. Other recent commitments include into e-commerce payments company NMI and participation in digital financial advisor Betterment’s $70m Series E.

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