Francisco Partners closes second credit fund at $2.2bn

The opportunistic credit fund exceeded its $1.25bn target and reached its hard-cap.

Technology investment firm Francisco Partners has closed its second opportunistic credit fund at $2.2 billion, according to a release. The fund, which launched in June, exceeded its $1.25 billion target and reached its hard-cap.

FP Credit Partners II will be focused on the technology market, from growth initiatives and M&A activity to business model transitions and short-term liquidity needs, according to the firm.

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