Thoma Bravo raises USD 32.4bn across three strategies

Commitments were secured from investors including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices, according to a statement by the sponsor.

Kirkland & Ellis served as legal advisor for the funds, it said.

The GP raised USD 24.3bn for Thoma Bravo Fund XV; USD 6.2bn for Thoma Bravo Discover Fund IV; and USD 1.8bn for Thoma Bravo Explore Fund II, with each fund surpassing their targets.

Thoma Bravo Fund XV, which the sponsor claims to be the largest tech-focused buyout fund ever raised, will target large equity investments, while Fund IV will invest in middle-market equity deals and Fund II in lower middle-market equity investments.

They will focus on software applications across healthcare IT, security, financial technology, infrastructure and applications.

The Chicago-based GP made investments and realizations of approximately USD 38bn in combined enterprise value. Its current software portfolio includes over 55 companies that generate approximately USD 20bn of annual revenue and employ over 75,000 staff globally, it said.

Over the past 20 years, the firm has acquired or invested in more than 420 companies representing over USD 235bn in enterprise value, it said.

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• Topics
• GPs
• Fundraising
• United States
• United Kingdom