Thoma Bravo Completes $34.4 Billion Fundraise
Funding | Jun 03, 2025 | Thoma Bravo
Thoma Bravo, a leading software investment firm, has successfully completed fundraising for its buyout funds, accruing commitments of over $34.4 billion. This fundraising round includes Thoma Bravo Fund XVI with $24.3 billion, Discover Fund V with $8.1 billion, and their inaugural Europe Fund with approximately €1.8 billion in commitments. The funds were predominantly oversubscribed, illustrating robust investor support for the firm's strategic focus on leading software companies. The fundraising success is attributed to strong, enduring relationships with a diverse range of investors, including sovereign wealth funds, public pension funds, and multinational corporations, among others. In the past year, Thoma Bravo has been actively investing and divesting, with transactions totaling around $35 billion in enterprise value. The firm currently manages approximately $184 billion in assets and operates across multiple global offices. Kirkland & Ellis acted as legal advisors on this successful fundraising venture.
Sectors
- Private Equity
- Software
Geography
- United States – Thoma Bravo is headquartered in the U.S. and attracts significant domestic investment.
- Europe – Thoma Bravo has established its first dedicated Europe Fund, indicating a strategic focus on European markets.
Industry
- Private Equity – Thoma Bravo is a private equity firm focusing on investments in software and technology companies, making this the primary industry.
- Software – The target companies for Thoma Bravo's investments are primarily in the software industry, aligning with the firm's strategic focus.
Financials
- $34.4 billion – Total funds raised by Thoma Bravo across its buyout funds.
- $24.3 billion – The fund size for Thoma Bravo Fund XVI.
- $8.1 billion – The fund size for Thoma Bravo Discover Fund V.
- €1.8 billion – The capital commitment for Thoma Bravo's Europe Fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thoma Bravo | Investment Firm | Company | A leading software-focused private equity investment firm. |
| Kirkland & Ellis | Legal Advisor | Company | Provided legal advisory services for Thoma Bravo’s fundraise. |
| Orlando Bravo | Founder and Managing Partner | Person | One of the founding members and a Managing Partner at Thoma Bravo. |
| Jennifer James | Managing Director, COO, and Head of Investor Relations & Marketing | Person | Oversees investor relations and marketing at Thoma Bravo. |