Thoma Bravo, a Chicago, Miami and San Francisco-based software investment firm, completed fundraising for its buyout funds totaling more than $32.4 billion in capital commitments.
The vehicles include:
- Thoma Bravo Fund XV, a $24.3 billion fund, which will target large equity investments;
- Thoma Bravo Discover Fund IV, a $6.2 billion fund, which will target middle-market equity investments; and
- Thoma Bravo Explore Fund II, a $1.8 billion fund, which will target lower middle-market equity investments.
Commitments were secured from the firm’s broad network of investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices.
The funds will advance an established strategy and partnership-driven approach of applying operational and sector expertise to investments across healthcare IT, security, financial technology, infrastructure and applications.
Thoma Bravo is one of the largest private equity firms in the world, with more than $120 billion in assets under management as of September 30, 2022. They have had an active year on both the buy and sell side, with buyout fund investments and realizations representing approximately $38 billion in combined enterprise value. The firm’s buyout funds have invested in more than 400 software companies, and today, the software portfolio includes over 55 companies that generate approximately $20 billion of annual revenue and employ over 75,000 staff globally.
FinSMEs
13/12/2022