Software focused private equity investor Thoma Bravo has closed three new buyout funds with a combined $32.4 billion in capital commitments, one of the biggest private equity fundraisings so far this year, according to a report by Bloomberg.
Software focused private equity investor Thoma Bravo has closed three new buyout funds with a combined $32.4 billion in capital commitments, one of the biggest private equity fundraisings so far this year, according to a report by Bloomberg.
The report cites Jennifer James, the Chicago-based company’s chief operating officer and head of investor relations, as confirming that the latest fundraising was 42% higher than the firm’s previous round, which closed with $22.8 billion in 2020.
Thoma Bravo’s main buyout fund, the Thoma Bravo Fund XV, attracted $24.3 billion in commitments – 36% more than its predecessor fund – while the Thoma Bravo Discover Fund IV, which makes mid-market investments, raised $6.2 billion, and the Thoma Bravo Explore Fund II, which invests in the lower end of the market, raised $1.8 billion.
James said that the firm, which has more than $120 billion in assets, raised the funds in 10 months with nearly all of the investors in Thoma Bravo’s previous funds committing capital to the new vehicles.
