Thoma Bravo, LLC, a US private equity investment firm, completed fundraising for its latest fund, at $1.074 billion.
Thoma Bravo Discover Fund will focus on making investments in lower middle market software and technology enabled services companies. It aims to provide opportunities requiring less equity capital than the larger opportunities that are the focus of the firm’s flagship funds.
Thoma Bravo’s most recent flagship fund, Fund XI, closed at $3.66 billion and began investing in 2014. In 2015, Fund XI was supplemented by a $1.065 billion Special Opportunities Fund II. Those funds have focused on companies at the upper end of the software middle market.
Discover’s first investment is Infogix, a leader in end-to-end data analysis tools (read the news here).
Based in Chicago and San Francisco, Thoma Bravo is led by managing partners Seth Boro, Orlando Bravo, Scott Crabill, Lee Mitchell, Holden Spaht and Carl Thoma; as well as partners A.J. Rohde and Robert Sayle.