Kirkland & Ellis represented Francisco Partners, which today announced the closing on nearly $17 billion in capital commitments between its $13.5B flagship fund, Francisco Partners VII, L.P., and its $3.3B Francisco Partners Agility III, L.P. fund. The two funds were substantially oversubscribed and exceeded target fund sizes. They attracted more than 160 institutional investors from 30 countries, with strong support from existing investors as well as prominent new investors from Europe, Asia, the Middle East, South America and the United States. Francisco Partners’ limited partners include public and corporate pension funds, foundations, endowments, insurance companies, sovereign wealth funds and family offices.
The Kirkland team was led by investment funds partners Justin Solomon, Seth Fishman and Michael Lee and included investment funds associates Shandy Pinkowski, Ted McBride, Aura Gilham and Arman Zadeh, investment funds regulatory partner Matt Cohen and tax partners Daniel Meehan and Joel Peters-Fransen.