Private EquityRIA · CRD 160272SEC-RegisteredPrivate Fund Adviser

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Francisco Partners

Francisco Partners is a leading technology investment firm with deep sector focus and a track record of delivering outstanding returns. Through its private...

Francisco Partners logo

Francisco Partners

Francisco Partners is a leading technology investment firm with deep sector focus and a track record of delivering outstanding returns. Through its private equity and credit funds, it provides flexible capital and partnership to growth-aspiring technology companies. It is one of the largest and most active technology focused investment firms in the world, building on 25+ years of providing capital and partnership.

General information

Firm type

Private Equity

Year founded

1999

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

San Francisco, CA, United States

Additional offices

New York · London

Principals

Dipanjan Deb

CEO

David Golob

Partner

Ezra Perlman

Partner

Mario Razzini

Partner

Sector focus

Enterprise SoftwareFinTechHealthcare ServicesCybersecurityAI/ML

Frequently asked questions

Who runs investment decisions at Francisco Partners?

Investment decisions are made by a partnership committee led by CEO Dipanjan Deb, with co-founders David Golob, Ezra Perlman, and Mario Razzini actively involved. The firm operates without a single centralized investment committee — each sector vertical has authority within its mandate, while large cross-strategy deals require senior partner consensus.

Does Francisco Partners participate in fund commitments or only direct deals?

Francisco Partners primarily invests directly through control buyouts, growth equity, and credit, rather than allocating capital to external funds. It does not operate a fund-of-funds program. The firm's credit arm provides direct lending to technology companies, and its growth equity team makes minority and majority investments in mid-to-late-stage private companies.

Which sectors does Francisco Partners explicitly avoid?

Francisco Partners generally avoids consumer internet, hardware, and pure life sciences — areas that fall outside its enterprise-facing technology mandate. The firm does not invest in oil and gas, industrial manufacturing, or retail. Within healthcare, it focuses exclusively on healthcare IT and services rather than biotech or pharmaceutical development.

How does Francisco Partners source proprietary deal flow?

A significant portion of the firm's origination comes from corporate carve-outs — acquiring non-core technology divisions from public companies that want to simplify their structures. Long-standing relationships with Fortune 500 technology leaders and investment banks generate these opportunities. The firm's operating group also identifies take-private targets where operational intervention can improve margins.

How is Francisco Partners related to TPG?

Francisco Partners was founded by four former TPG professionals — Dipanjan Deb, David Golob, Ezra Perlman, and Mario Razzini — who left TPG's technology investment group in 1999 to build an independent platform. There is no ongoing financial or operational relationship between the two firms, though the founding team's deal experience at TPG informed Francisco Partners' early strategy of complex technology carve-outs.

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