Francisco Partners raises $2.2bn

The San Francisco-based fund manager has held a final close on its second debt fund.

Fund name: FP Credit Partners II
Fund size: $2.2 billion
Target size: $1.25 billion
Predecessor: FP Credit Partners ($750 million)

Francisco Partners has held a final close on its second credit vehicle at $2.2 billion, according to a press release by the firm. FP Credit Partners II exceeded its initial $1.25 billion target and will go on to invest in the TMT sectors across Western Europe and North America.

Notably, the fund received a $50 million commitment from State of Wisconsin Investment Board as well as undisclosed endowments, pension funds and sovereign wealth funds.