Thoma Bravo, LLC, a San Francisco and Chicago-based private equity investment firm, hired Hudson Smith as a partner.
Smith will initially work on the Thoma Bravo Discover Fund, where he will focus on sourcing and managing lower middle market software investments.
Established in 2015, the Discover Fund enables Thoma Bravo to partner with management teams at smaller, growing companies that benefit from the firm’s experience and expertise in software.
Thoma Bravo is an investment specialist in the software and technology industries, and has completed approximately 140 software and technology-enabled services acquisitions since 2003, representing about $30 billion in enterprise value. The firm is currently completing the investment of its flagship vehicle, Thoma Bravo Fund XI, which focuses on middle market and large software opportunities.
Recent transactions include the acquisitions of innovative technology companies such as SailPoint, Riverbed and SolarWinds.
Smith has joined Thoma Bravo from HGGC, where he directed the firm’s investment efforts in technology. His technology investment track record includes Serena, Hybris, Sunquest, FPX, Selligent, SSI and MyWebGrocer. He has also held positions at Bain & Co and Lincoln International LLC, as a consultant and investment banker, respectively.
In addition to Smith, the firm has also added two new vice presidents: Matt Gilbert and AJ Jangalapalli. Gilbert joins from Summit Partners and will work in Thoma Bravo’s Capital Market Group, and Jangalapalli comes as a recent MBA graduate from the Wharton School and will be a part of the firm’s investment staff.