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Thoma Bravo holds final close for flagship Fund XII at USD7.6bn

Private equity investment firm Thoma Bravo has completed fundraising for Thoma Bravo Fund XII, its most recent flagship fund, with USD7.6 billion in commitments.

Thoma Bravo has completed more than 140 software and technology-enabled service acquisitions, representing about USD30 billion in enterprise value.
 
"Over the past 15 years we have been able to help software and technology companies realise their growth and profitability objectives while launching them into their next phase of innovation," says Orlando Bravo, a managing partner at Thoma Bravo. "We thank all of our investors for giving us the opportunity to continue to implement our model while expanding our reach in these dynamic industry sectors."
 
Thoma Bravo will continue to invest Fund XII with its "buy and build" strategy, in which the firm works with existing company management to make operational improvements, invest in growth initiatives and seek accretive acquisitions.
 
Some of Thoma Bravo's recent investments include technology companies Qlik, Riverbed and SolarWinds.
 
"The software industry is entering a new phase of secular growth as it expands into all segments of the economy. Significant industry trends, including changes in software companies' business models and the current dissatisfaction with the public equity markets, have created a new opportunity for private equity in the software industry. We are confident that Fund XII will enable Thoma Bravo to continue its leadership in this constantly evolving and exciting space," says Bravo.

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