Thoma Bravo has closed its Thoma Bravo Fund X on $1.25 billion of committed capital. The fundraising success was aided by the strong performance of the fund's predecessor, Thoma Bravo Fund IX, which closed in 2009 on $822.5 million. Fund IX had a stellar IRR of 20.62% as of June 30, 2011. Thoma Bravo invests across multiple industries, with a particular focus in enterprise and infrastructure software and financial and business services.
Since the beginning of 2006, investors have closed 832 U.S.-based private equity funds, according to the PitchBook Platform. Last year, 87 funds closed on a total of $56.8 billion of committed capital, up from 79 closed funds and $36.5 billion of commitments in 2010, but still a far cry from the peak fundraising levels seen in 2007. So far this year, 13 funds have closed on an aggregate $7.7 billion. Even though yearly deal counts are down, median fund sizes have remained high, particularly in 2009 ($406 million). The median size for funds closed in 2012 to date is $425 million.