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Francisco Partners

Francisco Partners acquires controlling stakes in established, profitable businesses, from San Francisco, California. It states a focus on software & internet.

Capital raised$413macross 34 SEC-filed vehicles
Most recent fund2025filing since 2014
HeadquartersSan Francisco, California
Stated fund size$21,000,000,000

Stated investment criteria

What Francisco Partners says it buys

Read from Francisco Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Enterprise value it states$50m to $500m1
Transaction typesGrowth2
People listed on its team page1993

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Francisco Partners to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Francisco Partners has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed34
Total capital raised$413m
Largest single vehicle$286m
Filing history2014 to 2025
Smallest accepted commitmentNone stated
Filed fromCALIFORNIA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Francisco Partners is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$47bn
Employees140
Private funds advised43 · $47bn gross
SEC adviser numberCRD 160272

Portfolio

Disclosed holdings

Companies Francisco Partners lists on its own website. No investment years are published. 4 have a recorded transaction against them in the deal archive.

CompanyInvestedYears heldRecorded transaction
2checkout Avangate
8x8
AKQA
API
Accela
Aconex
Acoustic
Aderant$675m 2015
AdvancedMD$700m 2018
Aeries Software
Aesynt
AndHealth
Api Healthcare
Attachmate
Attenti$200m 2017
Availity
Avalon
Avalon Healthcare
BARBRI
Barracuda Networks
Betterment
BeyondTrust
Black Duck
Blackline Safety
Blancco
BluJay Solutions
Blue Coat
Blujay Kewill
Boomi
C-MAC
Capsa
Capsa Healthcare
Capsilon
Capsule
Capsule Healthcare
Civitas Learning
ClickSoftware
Corsair
CoverMyMeds
Cross Match
Dextrys
Discovery Education
Drawbridge
Dynamo
E2open
Edifecs
Ef Johnson
Efficientip
Efront
Eg Software
Elite
Esolutions
Eventbrite
Evite
Ex Libris
Follett Software
Forcepoint
Foundation 9
Frontrange Solutions
Gainsystems
Glorious
Goodrx
Goto
Grass Valley
Greenslate
Gxs
Healthcaresource
Healthland
Hypercom
Iboss
Ichor
Iconectiv
Jama Software
Jamf
Keyloop
Kobalt
Kyruus
Landmark
LastPass
Legalzoom
Legerity
Litmos
Liveu
Lucidworks
Lynx Medical Systems
Macrobond
Masternaut
Matrixx Software
Merative
Metaswitch
Metrologic
Mincom
Mitel Networks
Movella
Muse Group
Myfitnesspal
Myheritage
Myon
New Relic
News Break
Nextcapital
Nextech
Nextraq
Nmi
Nptest Credence
Nshift Consignor
Numonyx
Nzxt
Oeconnection
Office Ally
Officetiger
On Ami Semiconductor
Opentech
Operative Sintecmedia
Optanix
Orchard
Orisha
Paradigm
Paylease Zego
Paymetric
Paysafe
Payscale
Perforce
Pet Circle
Plex Systems
Primavera
Prometheus
Property Finder
Prosper
Qgenda
Quadramed
Quest
Quorum Software
R2net
Rbmedia
Reciprocity
Redis Labs
Redprairie
Redsail Technologies
Renaissance
Satixfy
Sectigo Comodo
Shoregroup
Smart Focus
Smart Modular
Smartbear
Sonicwall
Source Photonics
Sourcescrub
Specific Media
Spire
St Math
Starlims
Sumo Logic
Symplr
T System
Talentsoft
Teachers Curriculum Institute Tci
Terran Orbital
The Weather Company
Thinventory Bybox
Tile
Touchbistro
Trc Healthcare
Trellis Rx
Ts Imagine
Uct
Unifiedpost
Vendavo
Veradigm
Verifone
Veson Nautical
Vitalsource
Watchguard
Waystar
Wearefine
Webtrends
Xcellenet
Zego
Zenefits
Zocdoc
Zotec Partners
bswift$400m 2014

Compiled from Francisco Partners’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which Francisco Partners is named as buyer or seller in the transaction archive. 7 recorded exits, most recently in 2021. 8 recorded acquisitions.

CompanySideCounterpartyYearConsideration
Blancco Technology GroupBought2023$197m
Capsule TechnologiesSoldPhilips2021$635m
MyFitnessPalBoughtUnder Armour2020$345m
ConsignorBought2020$181m
PayScaleBoughtWarburg Pincus2019$325m
EGBoughtAxcel2019$558m
ThinventoryBoughtLDC2018$340m
T-SystemSoldFidelity National Financial2017$200m
Corsair CommunicationsSoldEagleTree Capital2017$525m
HealthlandSoldTruBridge2015$250m
AesyntSoldOmnicell2015$275m
ClickSoftware Technologies Ltd.Bought2015$438m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

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