FP Credit Partners II’s $2.2 Billion Fundraising

Simpson Thacher advised Francisco Partners on the deal.

Francisco Partners announced the establishment of its second credit fund, FP Credit Partners II (“the Fund”), which closed at $2.2 billion. The Fund’s total capital commitments reached its hard cap and exceeded its original $1.25 billion target.  

FP Credit Partners II will aim to deploy capital across a wide array of situations ranging from supporting growth initiatives and traditional M&A activity to assisting with business model transitions and solving short-term liquidity needs. With the closing of FP Credit Partners II, Francisco Partners now has more than $25 billion in assets under management. 

The Simpson Thacher team included Tom Wuchenich (Picture), Avi Herescu, Matt Kemp, Melanie Kokhan, Ziyou Zhu and Jordan Chafetz (Funds); and Benjamin Rippeon and Scott Grundei (Tax).

Involved fees earner: Jordan Chafetz – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Andrei Herescu – Simpson Thacher & Bartlett; Matthew Kemp – Simpson Thacher & Bartlett; Melanie Kokhan – Simpson Thacher & Bartlett; Benjamin Rippeon – Simpson Thacher & Bartlett; Thomas Wuchenich – Simpson Thacher & Bartlett; Ziyou Zhu – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Francisco Partners;

Author: Alejandro Girola