Thoma Bravo raised more than $32.4 billion in capital commitments in three buyout funds, the private equity firm said in a news release Wednesday.
Thoma Bravo Fund XV, which targets large equity investments in software and other technology companies, raised $24.3 billion; Thoma Bravo Discover Fund IV, which focuses on middle-market buyouts, raised $6.2 billion; and Thoma Bravo Explore Fund II, which focuses on lower middle-market buyouts, raised $1.8 billion.
Thoma Bravo in the news release touted the closing of Fund XV as the "largest technology buyout fund ever raised." All three funds significantly outraised their predecessors, which raised a combined $22.8 billion in 2020. Thoma Bravo Fund XIV had closed at $17.8 billion; Thoma Bravo Discover Fund III, $3.9 billion; and Thoma Bravo Explore Fund, $1.1 billion.
The latest collection of fund closings follows an April announcement of a final close of Thoma Bravo’s second credit fund, Thoma Bravo Credit Fund II at $3.3 billion in total available capital, including leverage.
In a tweet, Orlando Bravo, a founder and managing partner of the private equity firm, said he was “so proud” of his team for raising $32 billion for its buyout funds, including its flagship Thoma Bravo Fund XV.
Investors in one or more of the latest buyout funds include the $444.1 billion California Public Employees' Retirement System, Sacramento, and the $233.2 billion New York State Common Retirement Fund, Albany.
Thoma Bravo spokeswoman Megan Frank could not be immediately reached for further information.
