Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors, completed the fundraising for three funds totaling more than $22.8 billion in capital commitments.
- Thoma Bravo Fund XIV, a $17.8 billion fund, which is expected to target large equity investments,
- Thoma Bravo Discover Fund III, a $3.9 billion fund, which is expected to make middle-market equity investments; and
- Thoma Bravo Explore Fund, a $1.1 billion fund, which is expected to make lower middle-market equity investments.
These closings bring Thoma Bravo’s assets under management to more than $70 billion.
The funds received support from Thoma Bravo’s network of investors including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices.
Thoma Bravo has a more than 20-year track record of partnering with management teams of software and technology companies to implement best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings with the goal of creating the company’s value. The firm has acquired more than 260 software companies across a range of industries, including healthcare IT, security, financial technology, infrastructure and applications. Today, the firm’s private equity software portfolio includes over 40 companies that generate approximately $15 billion of annual revenue and employ over 45,000 staff around the world.