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Francisco Partners raises $21B for new fund, exceeding $18B target

By Signal Desk · Francisco Partners · 23 July 2026

Francisco Partners, a technology-focused private equity firm, raised $21 billion for a new fund, surpassing its initial $18 billion target. Co-founder Dipanjan Deb stated that "AI will not kill the software industry" as the firm closed the fundraising round. The larger-than-expected fund size reflects investor confidence in the firm's investment strategy in the technology sector.

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Techmeme - Francisco Partners' co-founder Dipanjan Deb says "AI will not kill the software industry" as the tech-focused PE firm raised $21B, exceeding its $18B target (Antoine Gara/Financial Times)