Thoma Bravo Closes Flagship Fund XIII, at $12.6 Billion

thoma bravoThoma Bravo, LLC, a private equity investment firm, closed its latest flagship fund, at $12.6 billion.

Thoma Bravo Fund XIII received support from the firm’s diverse network of investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices.

The fund will invest in enterprise software companies that have experienced management teams, loyal customers and strong product offerings,

Thoma Bravo is a private equity firm targeting control equity investments in software and technology enabled services to support their growth, their path to become leaders and consolidators in their industry, and creation of value for all its shareholders. The firm works in close partnership with a company’s management to implement its own operating best practices, invest in revenue growth initiatives and make strategic acquisitions to rapidly improve the company’s revenue, earnings and margins and increase equity value. Investments typically take the form of leveraged buyouts, take-private transactions and carve-outs of corporate divisions or operating units.
Thoma Bravo invests principally in the United States, but considers opportunities globally as well.
Since 2003, the firm has completed over 200 software and technology acquisitions (over 60 platform companies and over 140 add-ons) with an aggregate value of about $57 billion.

The fund comes after an active year for Thoma Bravo, which included 12 investments and the close of a $2.4 billion mid-market focused fund, Discover II.

The firm has offices in Chicago and San Francisco.
Its investment team includes:
– Seth Boro, Managing Partner
– Orlando Bravo, Managing Partner
– Scott Crabill, Managing Partner
– Lee M. Mitchell, Managing Partner
– Holden Spaht, Managing Partner
– Carl D. Thoma, Managing Partner
– A.J. Rohde, Partner
– Robert (Tre) Sayle, Partner
– Jack Le Roy, Partner
– Hudson Smith, Partner
– Chip Virnig, Partner



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