Thoma Bravo announced the completion of fundraising for its buyout funds totaling over $34.4 billion in fund commitments: Thoma Bravo Fund XVI (a $24.3 billion fund), Thoma Bravo Discover Fund V (an $8.1 billion fund), and as previously announced the firm’s first dedicated Europe Fund, with about €1.8 billion in capital commitments.
This fundraising demonstrates strong support from Thoma Bravo’s diverse network of investors for the firm’s buyout strategies. And each fund significantly exceeded its target.
Thoma Bravo Fund XVI and the Europe Fund were oversubscribed and achieved their hard caps, and Thoma Bravo Discover V experienced an over 30% increase in commitments from its prior vintage.
Thoma Bravo has had an active 12 months on the buy and sell side, with buyout fund investments and realizations representing about $35 billion in combined enterprise value. And the firm has invested in over 535 software companies, and today, its software portfolio includes 75+ companies that generate approximately $30 billion of annual revenue and employ over 93,000 staff globally.
The commitments to the funds were secured from Thoma Bravo’s broad network of global investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations, and family offices.
Advisor: Kirkland & Ellis served as legal advisor for the funds.
KEY QUOTES:
“We are deeply grateful to our investors for their continued confidence in Thoma 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. Their support will enable us to continue delivering on the strategy we have executed for more than two decades – pursuing leading software companies and deploying our strategic and operational expertise to drive innovation and profitable growth.”
Orlando Bravo, a Founder and Managing Partner at Thoma Bravo
“The successful completion of our fundraise underscores the enduring trust our investors have in Thoma Bravo’s approach and team. All three funds far exceeded their targets, reflecting not only the strength of our investor relationships but also their conviction in our ability to navigate complex markets. We look forward to continuing to be good stewards of our investors’ capital as we seek to deliver strong outcomes.”
Jennifer James, Managing Director, Chief Operating Officer and Head of Investor Relations & Marketing at Thoma Bravo
