Thoma Bravo Successfully Raises Over $34 Billion for Software Investment Funds

Thoma Bravo Completes $34.4 Billion Fundraise

Thoma Bravo, a prominent player in the software investment sector, has recently completed a remarkable fundraising initiative, amassing over $34.4 billion across several dedicated funds. The fundraising effort included Thoma Bravo Fund XVI, which secured an impressive $24.3 billion, and Thoma Bravo Discover Fund V, which raised $8.1 billion. Additionally, the firm introduced its first Europe Fund, generating approximately €1.8 billion in commitments. Each of these funds exceeded their initial targets, reflecting strong backing from a diverse array of investors.

Orlando Bravo, the firm's Founder and Managing Partner, expressed gratitude towards their investors for their unwavering trust and support. He highlighted that this remarkable fundraising achievement not only underscores the strong relationships established over the years but also showcases the investors' belief in Thoma Bravo's ability to yield meaningful returns. The firm’s long-standing strategy has been focused on identifying and nurturing leading software companies, facilitated by their robust operational expertise.

Jennifer James, Managing Director, Chief Operating Officer, and Head of Investor Relations & Marketing at Thoma Bravo, echoed these sentiments, noting that the overachievement of fundraising targets signifies the confidence investors have in the firm's approach and capabilities. This recent capital influx will allow Thoma Bravo to maintain its commitment to effective management of investor capital, while pursuing innovative opportunities within the software industry.

During the past year, Thoma Bravo has been particularly active in both investment and divestment, managing to orchestrate transactions amounting to approximately $35 billion in combined enterprise value. To date, the firm has invested in over 535 software companies, with a portfolio comprising more than 75 companies that together generate nearly $30 billion in annual revenues. This extensive network of investments has resulted in the employment of over 93,000 individuals worldwide.

Commitments to the newly raised funds came from a wide range of global investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations, and family offices, indicating a broad base of trust in Thoma Bravo's management and investment capabilities.

Legal advisory for these funds was provided by Kirkland & Ellis. As a testament to its stature in the industry, Thoma Bravo is currently regarded as one of the largest software-focused investment firms globally, boasting approximately $184 billion in assets under management as of March 31, 2025. Through its private equity, growth equity, and credit strategies, the firm emphasizes investments in growth-oriented, innovative companies within the software and technology sectors.

By utilizing Thoma Bravo's extensive knowledge and strategic operational skills, the firm collaborates closely with its portfolio companies to implement best practices aimed at driving both innovation and profitable growth. Over the past two decades, Thoma Bravo has successfully acquired or invested in around 535 companies, accumulating an impressive enterprise value of roughly $275 billion. Their operational footprint includes offices located in Chicago, Dallas, London, Miami, New York, and San Francisco, further solidifying their substantial presence in the global investment landscape.

For those interested in learning more about Thoma Bravo and its investment strategies, more information can be found on their official website at thomabravo.com.