Thoma Bravo has completed fundraising for Thoma Bravo Special Opportunities Fund II at $1.06 billion. The fund closed at it hard cap and was oversubscribed. The new fund will invest side-by-side with Thoma Bravo Fund XI, a $3.7 billion fund that closed in May 2014.
“We are very appreciative of the investor support for this supplemental ‘top off’ fund, which we see as an acknowledgment of our team’s strong track record in software investing and the good start we believe we’ve gotten with our Fund XI,” said Orlando Bravo, a managing partner at Thoma Bravo. “We expect the Special Opportunities Fund to give us added flexibility in competing for investments at the larger end of the software market – where we think some of the best opportunities will be found.”
Thoma Bravo provides equity and strategic support to management teams building growing companies. The firm originated the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo currently manages approximately $8.5 billion of equity capital. The firm was founded in 1981 and has offices in Chicago and San Francisco (www.thomabravo.com).
Thoma Bravo is led by managing partners Orlando Bravo, Seth Boro, Scott Crabill, Lee Mitchell, Holden Spaht and Carl Thoma; and partner Robert Sayle.
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-17-15