Thoma Bravo Secures $34.4 Billion for Software-Focused Buyout Funds
Thoma Bravo has closed its latest fundraise, amassing $34.4 billion across three vehicles. The haul includes $24.3 billion for Fund XVI, $8.1 billion for Discover Fund V, and €1.8 billion for its debut Europe-focused vehicle. All funds surpassed their targets, with the flagship offering hitting its hard cap.
"This capital enables us to double down on our Core thesis - identifying market-leading software businesses with durable cash flows," said Founder Orlando Bravo. The firm's consistent track record of returning liquidity across cycles continues to resonate with institutional investors.