Francisco Partners raises $3.975bn

Francisco Partners raised $3.975 billion and held the final close for its oversubscribed Francisco Partners V, surpassing its $3.25 billion initial fundraising target.

The fund will follow the investment strategies of its predecessor and invest in 15 to 20 investments with enterprise value between $100 million and $500 million.

The investors of Fund V are similar to those who committed to Fund IV, including Nebraska Investment Council and University of Houston System.