Thoma Bravo readies three new tech funds
February 28, 2020
Thirteen months ago, Thoma Bravo closed a massive vehicle that contributed to a record year for tech fundraising in private equity. Already, the Chicago-based firm is ready for more.
Thoma Bravo has set a $14 billion target for its 14th flagship fund, a $3 billion target for its third middle-market fund and $1 billion goal for a debut small-cap fund, according to Buyouts, vehicles that would continue the firm's rapid rise up the fundraising ranks. Last year's flagship fund closed on $12.6 billion, a major step up from its $7.6 billion predecessor.
The firm's previous middle-market fund, meanwhile, closed on $2.4 billion in 2018. Thoma Bravo invests almost exclusively in software and technology.
Across North America and Europe, private equity firms raised a combined $68.3 billion in 2019 for tech-focused funds, far and away the highest annual total on record, according to PitchBook data. You can find a spotlight on tech fundraising in our 2019 Annual US PE Breakdown.
Thoma Bravo has set a $14 billion target for its 14th flagship fund, a $3 billion target for its third middle-market fund and $1 billion goal for a debut small-cap fund, according to Buyouts, vehicles that would continue the firm's rapid rise up the fundraising ranks. Last year's flagship fund closed on $12.6 billion, a major step up from its $7.6 billion predecessor.
The firm's previous middle-market fund, meanwhile, closed on $2.4 billion in 2018. Thoma Bravo invests almost exclusively in software and technology.
Across North America and Europe, private equity firms raised a combined $68.3 billion in 2019 for tech-focused funds, far and away the highest annual total on record, according to PitchBook data. You can find a spotlight on tech fundraising in our 2019 Annual US PE Breakdown.
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