Blackstone and Goldman Sachs completed the acquisition of a minority stake in Francisco Partners.

Blackstone and Goldman Sachs completed the acquisition of a minority stake in Francisco Partners, a leading technology-focused private equity firm. Financial terms were not disclosed. The investment provides Francisco Partners with balance-sheet capital to continue to develop its strong platform while increasing commitments to its own funds, strengthening its alignment with limited partners. "Since our inception, we have always prided ourselves on the strength of our relationships. We have the opportunity to work with great management teams who create solutions across all sectors of technology. We have incredible limited partners and now we are proud to bring on two strategic partners in Blackstone and Goldman Sachs to help us continue to grow our platform so that we can build on the success of the past 20 years. We are excited about the opportunities ahead of us and welcome the resources and expertise that these firms bring to FP," Dipanjan Deb, Francisco Partners Co-founder and CEO.