# Francisco Partners: portfolio, investments and team > Francisco Partners is a private equity based in United States. 24 investments on record, 1 in the last 12 months, latest Sept 2026. Source: https://millionrounds.com/fund/francisco-partners (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Francisco Partners Last cheque observed Sep 2026; 24 cheques on record. Email Deploying now New fund $48M, Oct 2026 Private equity Buyout Technology Technology-enabled Follow Francisco Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffrancisco-partners) Deploying now **100%** of best year **1** **cheques in 12 months**, 24 on record Since the last cheque **52** days **00** hrs **00** min **00** sec Median round **$120M** Rounds led **2 of 24** Sole investor **12 rounds** Exits **3 from the portfolio** Mostly in **United States, 92%** Pitch Francisco Partners ## Francisco Partners highlights - 01 1 cheques in the last 12 months - 02 Mostly Growth and Venture: 71% of its rounds - 03 Sole investor in 12 rounds, median $93M - 04 3 exits from the portfolio ## What they do > Francisco Partners is a leading technology investment firm... Through our private equity and credit funds, we provide flexible capital and partnership to growth-aspiring technology companies. From their own website - **Type:** Private equity - **Cheque size:** Not stated - **Stages:** Buyout - **Sectors:** Technology Technology-enabled - **Based in:** San Francisco, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **24 appearances** - **2026** 1 round - **Sept** **[Rightway Healthcare](https://millionrounds.com/company/rightway-healthcare)** Series E · US · Ventureburn **$155M** *Led* - **2019** 2 rounds - **Aug** **[Lucidworks](https://millionrounds.com/company/lucidworks)** US · FinSMEs **$100M** With 5 others - **Jul** **[Tile](https://millionrounds.com/company/tile)** US · TechCrunch **$45M** *Led* - **2018** 1 round - **Jul** **[LegalZoom](https://millionrounds.com/company/legalzoom)** US · FinSMEs **$500M** With 2 others - **2017** 2 rounds - **Jul** **[Betterment](https://millionrounds.com/company/betterment)** Series E · US · FinSMEs **$70M** With 2 others - **Apr** **[R2Net](https://millionrounds.com/company/r2net)** US · FinSMEs **$140M** Sole investor - **2015** 5 rounds - **Oct** **[GoodRx](https://millionrounds.com/company/goodrx)** US **Undisclosed** With 1 other - **Jun** **[ShoreGroup](https://millionrounds.com/company/shoregroup)** US **Undisclosed** Sole investor - **Apr** **[K2](https://millionrounds.com/company/k2)** Series C · US **$153M** Sole investor - **Feb** **[Betterment](https://millionrounds.com/company/betterment)** Series D · US **$60M** With 4 others - **Jan** **[eSolutions](https://millionrounds.com/company/esolutions)** US **Undisclosed** Sole investor - **2014** 3 rounds - **Nov** **[CoverMyMeds](https://millionrounds.com/company/covermymeds)** Venture · US **Undisclosed** Sole investor - **Jul** **[PayLease](https://millionrounds.com/company/paylease)** Venture · US **Undisclosed** Sole investor - **May** **[Prosper](https://millionrounds.com/company/prosper)** Growth · US **$70M** With 2 others - **2013** 3 rounds - **Aug** **[Paymetric](https://millionrounds.com/company/paymetric)** US · finsmes.com **Undisclosed** With 1 other - **May** **[Corsair](https://millionrounds.com/company/corsair)** Growth · US · finsmes.com **$75M** Sole investor - **Jan** **[Avangate](https://millionrounds.com/company/avangate)** Growth · US **Undisclosed** With 2 others - **2008** 3 rounds - **Sept** **[Aconex](https://millionrounds.com/company/aconex)** Growth · US · thealarmclock.com **$85M** Sole investor - **Mar** **[Numonyx](https://millionrounds.com/company/numonyx)** Growth · CH · numonyx.com **$150M** Sole investor - **Jan** **[Metaswitch Networks](https://millionrounds.com/company/metaswitch-networks)** Venture · US **Undisclosed** With 1 other - **2007** 3 rounds - **Nov** **[Specific Media](https://millionrounds.com/company/specific-media)** Series B · GB · techcrunch.com **$100M** Sole investor - **Aug** **[DarwinSuzsoft](https://millionrounds.com/company/darwinsuzsoft)** Series A · US **$48M** Sole investor - **Aug** **[Dextrys](https://millionrounds.com/company/dextrys)** Venture · US · dextrys.com **$48M** Sole investor - **2006** 1 round - **Jan** **[Barracuda Networks](https://millionrounds.com/company/barracuda-networks)** Venture · US · barracudanetworks.com **$40M** With 1 other An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **21 named** AR **Andrew R. Brown** Executive Officer, Promoter i Filing they signed AR **Andrew R. Kowal** MANAGING DIRECTOR OF THE GP OF THE GP i Filing they signed AR **Andy R. Brown** Executive Officer, Promoter i Filing they signed BH **Benjamin H. Ball** Manager i Filing they signed BD **Brian Decker** Executive Officer, Promoter i Filing they signed CR **Chris R. Adams** MANAGING DIRECTOR OF THE GP OF THE GP i Filing they signed DR **David R. Golob** MANAGING DIRECTOR OF THE GP OF THE GP i Filing they signed DM **David M. Stanton** Manager i Filing they signed DD **Deb Dipanjan** Managing Director of the GP of the GP i Filing they signed DR **Deep R. Shah** Managing Director of the GP of the GP i Filing they signed D(**Dipanjan (nmn) Deb** Managing Director of the GP of the GP i Filing they signed EP **Ezra Pearlman** Executive Officer, Promoter i Filing they signed ER **Ezra R. Perlman** Managing Director of the GP of the GP i Filing they signed JB **Jason Brein** Executive Officer, Promoter i Filing they signed JW **John Winship Herr** Managing Director of the GP of the GP i Filing they signed KM **Keith M. Geeslin** Manager i Filing they signed NM **Neil M. Garfinkel** Manager i Filing they signed PR **Peter R. Christodoulo** MANAGING DIRECTOR OF THE GP OF THE GP i Filing they signed SG **Steven Glenn Eisner** General Counsel and Chief Compliance Officer i Form ADV TL **Thomas Lawrence Ludwig** Managing Director of the GP of the GP i Filing they signed WL **W Lake Brendan** Related Person is Managing Member of General Partner i Filing they signed We also hold **155** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$47B** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Francisco Partners Management, L.P. - **SEC number:** CRD 160272 Funds on its Form ADV **42** private funds, **$45B** in gross assets · filed Mar 2024 - Francisco Partners VII-A, L.P. *Private equity* 235 investors $6.7B - Francisco Partners VII, L.P. *Private equity* 271 investors $5.7B - Francisco Partners V, L.P. *Private equity* 204 investors $4.6B - Francisco Partners VI, L.P. *Private equity* 246 investors $4.5B - Francisco Partners IV, L.P. *Private equity* 126 investors $2.5B - Francisco Partners VI-A, L.P. *Private equity* 80 investors $2.4B - FP Credit Partners II, L.P., *Private equity* 157 investors $2.3B - Francisco Partners V-A, L.P. *Private equity* 48 investors $2.0B - Francisco Partners Agility III, L.P. *Private equity* 210 investors $1.6B - Francisco Partners Agility III-A, L.P. *Private equity* 141 investors $1.5B And 32 more on the filing. Who backs their funds ## 4 LPs on record in Francisco Partners's funds - **Committed:** $5.4B - **Funds:** 13 - **Vintages:** 2000 to 2025 The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Mar 2026. - [**California Public Employees' Retirement System (CalPERS)** 7 funds *$2.0B*](https://millionrounds.com/fund/california-public-employees) Fund Vintage Committed Francisco Partners Agility III 2025 $100M Francisco Partners VII 2023 $450M Q-Street Capital 2021 $900M Francisco Partners VI 2021 $209M Francisco Partners Agility II 2020 $50M Francisco Partners III 2011 $100M Francisco Partners II 2006 $175M - [**California State Teachers Retirement System** 8 funds *$1.2B*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed Francisco Partners Agility III 2025 $100M Francisco Partners VII A 2023 $300M Francisco Partners VI 2021 $300M Francisco Partners Agility II 2020 $50M Francisco Partners V 2018 $200M Francisco Partners Agility 2017 $50M Francisco Partners IV 2015 $140M Francisco Partners III 2011 $75M - [**Oregon Public Employees Retirement Fund** 8 funds *$1.1B*](https://millionrounds.com/fund/oregon-public-employees) Fund Vintage Committed Francisco Partners VII 2023 $250M Francisco Partners Agility III 2023 $50M Francisco Partners VI 2020 $250M Francisco Partners Agility II 2020 $50M Francisco Partners V 2018 $200M Francisco Partners IV 2015 $150M Francisco Partners III 2011 $100M Francisco Partners II 2006 $100M - [**Washington State Investment Board** 6 funds *$1.0B*](https://millionrounds.com/fund/washington-state-investment-board) Fund Vintage Committed Francisco Partners VII 2023 $300M Francisco Partners VI 2021 $300M Francisco Partners V 2018 $200M Francisco Partners IV 2015 $140M Francisco Partners, L.P. - WSIB Secondary 2004 $10M Francisco Partners 2000 $60M ## What they claim to have backed From their own portfolio page (on their website) **0** of 2 we have independently watched raise Hiportal Services Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **3 in all** **[Metaswitch Networks](https://millionrounds.com/company/metaswitch-networks)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** May 2020 **[Avangate](https://millionrounds.com/company/avangate)** Bought by [Francisco Partners](https://millionrounds.com/fund/francisco-partners) **Undisclosed** Oct 2013 **[Numonyx](https://millionrounds.com/company/numonyx)** Bought by [Micron Technology](https://millionrounds.com/fund/micron-technology) **$1.3B** Feb 2010 An exit counts when it came after the firm's first round in the company. From historical deal records. ## Companies it bought Acquisitions by the firm itself **[HealthcareSource](https://millionrounds.com/company/healthcaresource)** **Undisclosed** Apr 2015 **[Procera Networks](https://millionrounds.com/company/procera-networks)** **Undisclosed** Apr 2015 **[Vendavo](https://millionrounds.com/company/vendavo)** **Undisclosed** Oct 2014 **[Avangate](https://millionrounds.com/company/avangate)** **Undisclosed** Oct 2013 **Avangate BV** **Undisclosed** Oct 2013 **Kewill** **Undisclosed** Jul 2012 **Cross Match Technologies** **Undisclosed** Jul 2012 **[Grass Valley](https://millionrounds.com/company/grass-valley)** **Undisclosed** Jun 2011 **[SmartFocus](https://millionrounds.com/company/smartfocus)** **$83M** Jan 2010 **QuadraMed** **Undisclosed** Dec 2009 **[WatchGuard](https://millionrounds.com/company/watchguard)** **$151M** Jul 2006 **RedPrairie** **Undisclosed** May 2005 New fund on file **$48M** raised in Oct 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Buyout Median round joined **$120M** the round, not its cheque Alone, median **$93M** Led 2 of 24 rounds **8%** - **Sole investor:** 12 rounds - **Last cheque:** Sept 2026 - **Exits:** 3 from the portfolio Rounds by stage said on their site - Growth *5* - Venture *5* - Series E *2* - Series B *1* - Series C *1* - Buyout said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) 2 - [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) 2 - [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 2 **Pitching Francisco Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Francisco Partners. A count of rooms they were both in, not a relationship either has claimed. [**Bessemer Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**Menlo Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/menlo-ventures)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital) ## Recently backed The latest companies Francisco Partners put money into. [**Lucidworks** $100M · Aug 2019](https://millionrounds.com/company/lucidworks)[**LegalZoom** $500M · Jul 2018](https://millionrounds.com/company/legalzoom)[**Betterment** $70M · Jul 2017](https://millionrounds.com/company/betterment) ## On podcasts 4 episodes naming Francisco Partners in the title, and 4 more that mention it. - [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 30 Jul 2026 · 1h 18m 20VC: Jensen's Open-Weights Letter | Travis Kalanick Raises $1.7B for Atoms | Google Cloud Grows 82% But The Market Tanks | Francisco Partners Raises $21BN | Etched Raises $300M to Take on Nvidia Mentions [Francisco Partners](https://millionrounds.com/fund/francisco-partners)[Google](https://millionrounds.com/fund/google-assistant-investments)[Travis Kalanick](https://millionrounds.com/fund/travis-kalanick) *+2* Apple PodcastsShow page - [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 16 Oct 2024 · 23 min Leading Enterprise Software Investor: Francisco Partners’ Petri Oksanen With [Petri Oksanen](https://millionrounds.com/person/petri-oksanen) Mentions [Francisco Partners](https://millionrounds.com/fund/francisco-partners) Apple PodcastsShow page - [Deal Talk](https://millionrounds.com/podcasts/deal-talk) 8 Feb 2024 · 38 min Francisco Partners' Dipanjan ‘DJ’ Deb on investing in PE and taking a long term view Mentions [Francisco Partners](https://millionrounds.com/fund/francisco-partners) Apple PodcastsShow page - [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 25 Jan 2022 · 21 min The Prolific Tech Investor: Francisco Partners’ Peter Christodoulo With [Peter Christodoulo](https://millionrounds.com/person/peter-christodoulo) Mentions [Francisco Partners](https://millionrounds.com/fund/francisco-partners)[Paradigm](https://millionrounds.com/fund/paradigm) Apple PodcastsShow page ### Mentioned in - [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 25 Sept 2025 · 49 min Permira Part 2: Co-CEOs Brian Ruder and Dipan Patel - the collaborative leadership model in action: scaling an €80B alternative asset manager Apple PodcastsShow page - [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 1 Jul 2025 · 1h 0m Goldman Sachs Petershill's Robert Hamilton Kelly - riding the waves of change in GP stakes Apple PodcastsShow page - [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 30 Nov 2022 · 52 min Patrick Chun at Juxtapose: How company creation models and studios work in VC, the squint and wedge framework of investing, and raising from blue-chip institutions Apple PodcastsShow page - [Equity](https://millionrounds.com/podcasts/equity) 29 Nov 2021 · 9 min Equity Monday: New unicorns kick off the week as India get cross with Starlink Apple PodcastsShow page ## Quick answers about Francisco Partners ### What does Francisco Partners invest in? Francisco Partners invests most often at Growth and Venture (71% of the rounds on record), in sectors such as Technology and Technology-enabled. ### How active is Francisco Partners? 24 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Sept 2026. ### What has Francisco Partners invested in recently? Its most recent investments on record: Rightway Healthcare (Series E, Sept 2026), Lucidworks (Undisclosed round, Aug 2019) and Tile (Undisclosed round, Jul 2019). ### How big are Francisco Partners's cheques? The median round it joins is $120M. ### Does Francisco Partners lead rounds? Sometimes: it led 2 of its 24 investments on record (8%). ### Where does Francisco Partners invest? Most of the companies it backs are in the United States (92%). ### Is Francisco Partners investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does Francisco Partners invest alongside? Most often Bessemer Venture Partners (2 rounds together), Menlo Ventures (2 rounds together) and Sequoia Capital (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=francisco-partners) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=francisco-partners)