FP Credit Partners II Closes at $2.2 Billion
10.12.21
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Simpson Thacher represented Francisco Partners in connection with 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, Avi Herescu, Matt Kemp, Melanie Kokhan, Ziyou Zhu and Jordan Chafetz (Funds); and Benjamin Rippeon and Scott Grundei (Tax).