Tech-focused PE specialist raises first credit fund

Francisco Partners recently announced the closing of its first opportunistic credit fund, FP Credit Partners, a $750 million fund focused on technology companies.

Earlier this month, the firm announced that it had raised $10 billion across three funds including FP Credit Partners. Francisco Partners VI raised $7.45 billion for private equity and Francisco Partners Agility II attracted $1.5 billion from clients.

According to officials each fund was substantially oversubscribed and exceeded its target fund size. FP has invested in or acquired more than 275 technology companies, making it one of the most active . . .

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