Thoma Bravo Raises $3.7B For Latest PE Fund

May 5 2014 | 12:31pm ET

Private-equity firm Thoma Bravo has closed its latest fund at $3.65 billion.

Thoma Bravo Fund XI was significantly oversubscribed, reaching its hard cap of limited partner commitments and exceeding its initial target of $2.5 billion. The target was reached relatively quickly—fundraising kicked off in January.

The fund will be invested in the software and tech-enabled services sectors, in line with the firm’s  “buy and build” investment strategy.

Thoma Bravo is led by managing partners Orlando Bravo, Seth Boro, Scott Crabill, Lee Mitchell, Holden Spaht and Carl Thoma; and partner Robert Sayle.

The firm had raised $1.7 billion for its Fund X, which began investing in early 2012, and a supplemental fund.

“We are humbled by the overwhelming support we received from our continuing and new investors and thank all of them for their commitments to Fund XI,” said Bravo in a statement. “With our experienced team and sound investment strategy, we look forward to continuing to generate strong and consistent returns and enhancing our long term partnerships with our investors.”

Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm now manages a series of private equity funds representing more than $7.5 billion of equity commitments.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of