Thoma Bravo: $34.4B for Software Acquisitions
- Thoma Bravo,a private equity firm specializing in software investments,has successfully raised $34.4 billion across three key strategies.
- the funds include $24.3 billion for Thoma Bravo Fund XVI, $8.1 billion for Discover Fund V, and approximately $2 billion (€1.8 billion) for the firm’s first Europe-focused fund.
- Fund XVI and the Europe Fund reached their hard caps, while Discover Fund V saw a 30% increase compared to its previous iteration.
Thoma Bravo,a leading private equity firm,has secured a staggering $34.4 billion for its software-focused investment strategies. This monumental fundraising effort, broken down into three key funds, underscores robust investor confidence in private equity amidst complex market conditions. The capital injection includes $24.3 billion for Fund XVI, $8.1 billion for Discover Fund V, and around $2 billion dedicated to a Europe-focused fund, exceeding initial targets. With a track record of over 535 software investments and a portfolio generating $30 billion in annual revenue, Thoma Bravo is poised to continue its strategic acquisitions. News Directory 3 might tell you how this will impact the software landscape. Explore their next moves and market impacts. Discover what’s next?
Thoma Bravo Nets $34.4B for Private Equity Software Investments
Updated June 4,2025
Thoma Bravo,a private equity firm specializing in software investments,has successfully raised $34.4 billion across three key strategies. This considerable capital raise ranks among the largest in recent years for private equity firms.
the funds include $24.3 billion for Thoma Bravo Fund XVI, $8.1 billion for Discover Fund V, and approximately $2 billion (€1.8 billion) for the firm’s first Europe-focused fund. The success highlights strong investor interest in private equity software solutions, despite broader market challenges.
each fund surpassed its initial fundraising goals. Fund XVI and the Europe Fund reached their hard caps, while Discover Fund V saw a 30% increase compared to its previous iteration.
Orlando Bravo, a founder and managing partner at Thoma Bravo, said investor support enables the firm to continue its two-decade-long strategy of targeting leading software companies and using strategic and operational expertise to foster innovation and profitable growth.
Thoma Bravo has been active over the past year, deploying and realizing capital across approximately $35 billion in enterprise value. Recent activity includes an agreement to acquire a stake in Boeing’s Digital Aviation Solutions in a deal valued at over $10 billion.
To date, the firm has invested in more than 535 software companies. Its current portfolio includes over 75 companies, generating a combined $30 billion in annual revenue. Kirkland & Ellis provided legal counsel for the funds.
what’s next
With the new capital, Thoma Bravo is positioned to continue its strategy of investing in and growing leading software companies, both in North America and Europe, further solidifying its position in the private equity software market.