Thoma Bravo closes $34.4B in funds to boost software sector investments
Thoma Bravo, a global private equity firm focused on software and technology, announced it has raised more than $34.4 billion across three new buyout funds, surpassing targets and signaling strong investor confidence.
The firm closed Thoma Bravo Fund XVI at $24.3 billion, Discover Fund V at $8.1 billion and its first Europe Fund at approximately 1.8 billion euros. Each exceeded its fundraising goal, with Fund XVI and the Europe Fund reaching their hard caps. Commitments to Discover Fund V rose more than 30% compared to its predecessor.
“We are deeply grateful to our investors for their continued confidence in Thoma Bravo,” said founder and managing partner Orlando Bravo. “This fundraise is a testament to the strong relationships we’ve built with our investors over many years and reflects their belief in our ability to drive meaningful results.”
“All three funds far exceeded their targets,” said Jennifer James, chief operating officer, “reflecting not only the strength of our investor relationships but also their conviction in our ability to navigate complex markets.”
Thoma Bravo has invested in more than 535 software companies and currently manages a portfolio of 75-plus firms generating $30 billion in annual revenue and employing approximately 93,000 people worldwide.
Over the past 12 months, the firm completed deals totaling $35 billion in combined enterprise value.
The investor base includes sovereign wealth funds, public pension systems, insurance companies, endowments and family offices. Kirkland & Ellis served as legal adviser on the fundraise.
Thoma Bravo manages approximately $184 billion in assets across its investment strategies.
