Money Makers Mentor

Thoma Bravo Raises $22 Billion for Three of its Funds

Technology experienced another win during the Covid pandemic. Private equity firm Thoma Bravo, which focuses on technology and software, announced this week that three of its funds had raised a total of $22.8 billion. According to reports, this is one of the largest technology-focused PE fundraisers to date.

The firm’s flagship fund Thoma Bravo Fund XIV raised $17.8 billion. This makes it more than 41% larger than its predecessor, which closed with $12.6 billion in January 2019. Thoma Bravo Fund XIV is also the largest flagship fund in the firm’s history. Thoma Bravo Discover Fund III raised $3.9 billion. The last one of the three funds for this round, Thoma Bravo Explore Fund, raised $1.1 billion. These funds bring the firm’s assets under management to more than $70 billion.


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