CHICAGO and SAN FRANCISCO — Thoma Bravo, LLC, a leading private equity investment firm with over $17 billion in capital, has completed fundraising for Thoma Bravo Fund XII, its most recent flagship fund. The fund closed at $7.6 billion, reaching its hard cap, and was significantly oversubscribed according to the firm.
The new fund allows Thoma Bravo to pursue investments of almost any size in its targeted software and technology sectors. Since 2003, Thoma Bravo has completed more than 140 software and technology-enabled service acquisitions, representing about $30 billion in enterprise value.
Thoma Bravo has offices in San Francisco and Chicago.
“Over the past 15 years we have been able to help software and technology companies realize their growth and profitability objectives while launching them into their next phase of innovation,” said Orlando Bravo, a managing partner at Thoma Bravo. “We thank all of our investors for giving us the opportunity to continue to implement our model while expanding our reach in these dynamic industry sectors.”
Thoma Bravo will continue to invest Fund XII with its “buy and build” strategy, in which the firm works with existing company management to make operational improvements, invest in growth initiatives and seek accretive acquisitions. Some of Thoma Bravo’s recent investments include leading technology companies like Qlik, Riverbed and SolarWinds.
“The software industry is entering a new phase of secular growth as it expands into all segments of the economy. Significant industry trends, including changes in software companies’ business models and the current dissatisfaction with the public equity markets, have created a new opportunity for private equity in the software industry. We are confident that Fund XII will enable Thoma Bravo to continue its leadership in this constantly evolving and exciting space,” said Bravo.