SAN FRANCISCO — Francisco Partners Management, a private equity investment firm, has announced the closing of the Agility Fund, a $600 million fund targeting smaller technology deals.
“Our natural process of meeting companies has consistently produced very interesting opportunities that may be too small for our main funds. With the addition of Agility, we now have the flexibility to opportunistically pursue some of these best opportunities,” said Dipanjan “DJ” Deb, co-founder & CEO of Francisco Partners.
Francisco Partners is still investing FP IV which includes investments such as Capsilon, Click Software, GoodRx, and the pending acquisition of Dell Software Group. FP IV will continue Francisco Partners’ focus on middle market technology companies in the U.S., Europe, and Israel targeting transaction values between $50 million and $2 billion while Agility will target sub $50 million investments.
“We are incredibly appreciative and humbled by the support of our existing limited partners who stepped forward as the investors in the Agility Fund,” said Deb. “Our team is excited by the opportunity and additional flexibility presented.”
Since its launch 15 years ago, Francisco Partners has raised more than $10 billion and invested in 150 plus technology companies