Permira has appointed Mike Hoffmann, formerly of Thoma Bravo, as a partner in its technology investment team as it accelerates efforts to position itself for a wave of AI-driven transactions, according to a report by Reuters.
Hoffmann joins the firm as a partner based in Menlo Park, California, bringing more than 15 years of experience investing in software and broader technology businesses. He officially starts on Monday.
At Thoma Bravo, Hoffmann spent more than a decade and helped lead investments across software, infrastructure, cybersecurity, and data and IT services. His deal experience includes companies such as ConnectWise, Verint, and Talend. He previously held roles at Providence Equity Partners and Citigroup Global Markets.
The move comes as Permira looks to expand its exposure to software and AI-enabled businesses, with a particular focus on AI infrastructure, including data centres, as demand for computing capacity continues to grow.
The firm said it expects the next investment cycle to be heavily shaped by artificial intelligence, requiring deeper sector specialisation across its deal teams.
Founded in 1985, Permira manages funds across private equity and credit strategies, with approximately $100bn in committed capital. Its technology portfolio has included investments in companies such as Genesys, TeamViewer, Zendesk, McAfee, Informatica, Klarna, Magento, and Teraco.
