Francisco Partners has closed buyout fund Francisco Partners VII and growth equity fund Francisco Partners Agility III at $13.5 billion and $3.3 billion, respectively.
The technology-focused private equity funds well exceeded their fundraising targets of $10 billion and $2.25 billion, respectively, a spokesman said in an email.
Francisco Partners VI and Francisco Partners Agility II had closed at $7.45 billion and $1.5 billion, respectively, in 2020.
Investors in both Francisco Partners VII and Francisco Partners Agility III include the $279.7 billion New York State Common Retirement Fund, Albany; the $160 billion State of Wisconsin Investment Board, Madison; the $95.6 billion Ohio State Teachers' Retirement System, Columbus; the $95.2 billion Oregon Public Employees Retirement System, Tigard; the $41.7 billion South Carolina Retirement Systems, Columbia; the $40 billion Indiana Public Retirement System, Indianapolis; and the University of Michigan, Ann Arbor, on behalf of its $17.9 billion long-term endowment pool.
