# Francisco Partners

> Francisco Partners is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 160272
- Filed as: FRANCISCO PARTNERS
- Legal name: Francisco Partners Management, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160272
- AdvisorCensus page: https://advisorcensus.com/firm/francisco-partners-san-francisco-ca-160272

## Quick answers

**How is Francisco Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Francisco Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Francisco Partners located?**
Francisco Partners' principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Francisco Partners registered with the SEC or a state?**
Francisco Partners is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160272.

**How much does Francisco Partners manage?**
Francisco Partners reports $47,051,371,459 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Francisco Partners' assets and staff changed since 2021?**
In the Form ADV data for Francisco Partners: Regulatory assets under management: $26,743,934,205 in the October 2021 data and $47,051,371,459 in the October 2026 data, up 76%. Total employees: 79 in October 2021 and 140 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Francisco Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (52).

**Does Francisco Partners report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160272

**What changed in Francisco Partners' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 86 to 93. Changed its office addresses in New York, NY.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $47,051,371,459
- Discretionary: $47,051,371,459
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 52 | $47,051,371,459 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 140 total, 93 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- London
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- franciscopartners.com
- LinkedIn @francisco-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $26,743,934,205 | 79 | March 31, 2021 |
| October 2022 | $30,227,628,061 | 88 | September 16, 2022 |
| October 2023 | $41,941,560,955 | 116 | March 31, 2023 |
| October 2024 | $45,013,320,973 | 125 | March 29, 2024 |
| October 2025 | $45,084,339,353 | 134 | March 31, 2025 |
| October 2026 | $47,051,371,459 | 140 | March 31, 2026 |

Regulatory assets under management: $26,743,934,205 in the October 2021 data and $47,051,371,459 in the October 2026 data, up 76%.
Total employees: 79 in October 2021 and 140 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 86 to 93.
- Changed its office addresses in New York, NY.

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Francisco Partners (CRD 160272): Form ADV filing data as of October 2026.