Insight

Thoma Bravo closes latest fundraising round on more than $32.4b

Thoma Bravo has had an active year on both the buy and sell side, with buyout fund investments and realizations representing approximately $38 billion in combined enterprise value.

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A man flees as coins, representing continued investment, topple and threaten to hurt him.
  • Closes flagship on $24.3b
  • Raises $6.2b for mid-market focused fourth Discover fund
  • Collects $1.8b for second Explore fund

Thoma Bravo closed its newest three funds on more than $32.4 billion, with its fifteenth flagship fund at $24.3 billion. The firm also closed its fourth mid-market focused Discover fund on $6.2 billion and its second small-cap Explore fund on $1.8 billion.

Thoma Bravo has had an active year on both the buy and sell side, with buyout fund investments and realizations representing approximately $38 billion in combined enterprise value.

The firm’s buyout funds have invested in more than 400 software companies, and today, the software portfolio includes more than 55 companies that generate approximately $20 billion of annual revenue and employ over 75,000 staff globally.

“We are energized by our investors’ strong support of the largest fundraise in Thoma Bravo’s history, and of the largest tech fund ever raised, all against the backdrop of a challenging economic and geopolitical environment,” said Jennifer James, managing director, chief operating officer and head of investor relations and marketing at Thoma Bravo.