Thoma Bravo

Thoma Bravo

Thoma Bravo, L.P. is the world's largest software-focused private equity and investment firm, managing over $172 billion in assets under management as of March 31, 2026 (per firm website). Headquartered in Chicago with additional offices in Dallas, London, Miami, New York, and San Francisco, the firm invests via private equity, growth equity, and credit strategies in growth-oriented software and technology companies. It collaborates closely with portfolio company management to implement operational best practices, drive innovation, profitable growth, and value creation. Tracing a lineage of more than 40 years (with roots in predecessor entities from 1980 and the current platform evolving through 1998 and 2008 rebranding), Thoma Bravo has completed approximately 590 total transactions representing over $320 billion in aggregate enterprise value, including control and non-control investments as well as add-on acquisitions (per firm website as of 3/31/2026). The current portfolio comprises approximately 80 software companies generating substantial revenue and employing tens of thousands globally. Notable platforms include flagship buyout funds, Discover (middle-market), Explore (lower middle-market), a dedicated Europe fund, and credit strategies. In 2025, the firm completed a $34.4 billion fundraise across multiple vehicles that exceeded targets (per June 2025 official press release). Leadership emphasizes long-term partnership, sector expertise, and Responsible Growth and Governance (RGo) practices focused on cybersecurity, AI, human capital, and sustainability.