Kirkland & Ellis LLP advised Francisco Partners Management, L.P., a leading technology private equity investment firm, on the closing of its Agility Fund, a $600 million fund targeting smaller technology deals. Francisco Partners is still investing FP IV, which includes investments such as Capsilon, Click Software, GoodRx, and the recently acquired 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. The full release is available here.
The Kirkland team was led by investment funds partners Sarah Kirson and Justin Solomon. The team also included investment funds partners Matthew Cohen and Kevin Bettsteller and associates Seth Fishman and Gloria Ho.
Kirkland & Ellis is a global leader in providing sophisticated advice to private investment fund sponsors and select institutional investors with respect to all major alternative investment strategies. Since the beginning of 2015, Kirkland has advised over 260 private investment fund sponsors, raising more than 350 funds representing in excess of $300 billion of capital commitments.