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Thoma Bravo completes fundraising for Special Opportunities Fund II

Private equity firm Thoma Bravo has completed fundraising for Thoma Bravo Special Opportunities Fund II at USD1.065 billion. The fund, which was oversubscribed, will invest side-by-side with Thoma Bravo Fund XI, a USD3.662 billion fund that closed in May 2014.

“We are very appreciative of the investor support for this supplemental ‘top off’ fund, which we see as an acknowledgment of our team’s strong track record in software investing and the good start we believe we’ve gotten with our Fund XI,” says Orlando Bravo, a managing partner at Thoma Bravo. “We expect the Special Opportunities Fund to give us added flexibility in competing for investments at the larger end of the software market – where we think some of the best opportunities will be found.”

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

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