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We partner with great teamsand help them buildcategory-defining companies

We’ve been investing in software since shortly after the dot-com crisis. We focus on creating value from day one by seeking to find a clear path to operational efficiency and profitable growth. And because software is our focus, we know it inside and out — the trends, processes, pitfalls and the ingredients that matter most. Sticking to this approach has helped us find opportunities in various market environments, from the global financial crisis to the Covid pandemic. We believe the best time to do a good deal is when you can, based on company fundamentals, not market cycles.

TIMELINE

2003

Thoma Bravo's first buyout in enterprise software

A milestone moment

Thoma Bravo’s first software-only fund

2008

Thoma Bravo’s first software-only fund

Flagship Fund IX

Discover platform debuts

2016

Discover platform debuts

Closing at $1 billion and allowing the firm to further expand into middle-market software companies

Credit platform debuts

2017

Credit platform debuts

Its focus is on senior secured debt of established, mission-critical enterprise software companies

Explore platform debuts

2020

Explore platform debuts

Its focus is on lower middle-market software companies

AUM surpasses $100B

2021

AUM surpasses $100B

Established on-the-ground Europe presence

2022

Established on-the-ground Europe presence

Flagship Fund XV named largest tech fund ever raised

2023

Flagship Fund XV named largest tech fund ever raised

Firm closes fundraise of buyout funds

2025

Firm closes fundraise of buyout funds

Over $34.4B in fund commitments, including first dedicated Europe Fund

Markets Shift But Experience Endures

For more than 20 years, our managing partners have worked together side by side, developing valuable relationships and deep industry knowledge. We share a profound sense of responsibility to our investors and strive to be thoughtful stewards of capital.

At a glance

$181B+
Assets Under Management
75+
Current Portfolio Companies
565
Transactions
$285B+
Representative Value
* As of 9/30/2025. The total number of transactions and representative value includes control and non-control investments, as well as add-on acquisitions.

Learn more

The strategy, process and people that made Thoma Bravo the world's largest software-focused investment firm

Responsible Growth and Governance

Working to build more responsible and sustainable business practices

Market-leading software companies partner with Thoma Bravo to leverage our firm’s deep sector knowledge, demonstrated track record, partnership-oriented approach and strategic and operational expertise. A commitment to good governance has been a cornerstone of our firm’s ethos since its founding and can be key to unlocking value. Our approach considers a range of dynamic factors, including regulatory developments, shifting market expectations, and reputational and operational risks and opportunities — much of which has traditionally been covered under the umbrella concept of Environmental, Social and Governance ("ESG").

As the ESG landscape has matured, so too has our approach. In 2025, we transformed our ESG strategy under the new framework of Responsible Growth and Governance ("RGo"). This transformation reflects both a symbolic and practical shift, broadening our focus beyond a more conventional ESG lens to one that better captures the complex, interconnected factors that can shape the performance of software and technology-enabled services companies. Furthermore, RGo reinforces our view that value creation stems from responsible business practices and strong governance. Our dedicated RGo team collaborates with our investment teams and portfolio companies to identify and improve performance on (i) cybersecurity and data privacy, (ii) artificial intelligence, (iii) operations and oversight, (iv) human capital, and (v) sustainability and stewardship. These areas form part of the foundation of how we seek to drive performance, manage risk and build long-term resilience across our portfolio.

* Any references to RGo activities represent current initiatives or approaches, which are subject to change. There can be no assurance or guarantee that Thoma Bravo will implement the activities described herein or that such activities will prove beneficial.

In the community

Partners For Good

Our employees are committed to the communities in which they live and work, and giving back is an important firm value. Employees are encouraged to make a difference through Thoma Bravo’s Charitable Giving Program, through which employees can have an even greater impact on the organizations they care about most. In addition to financial support, employees regularly come together for volunteer events across our offices – both on-site and in the community. We support a wide range of nonprofit organizations through a variety of sponsorships and volunteer activities, as well as awareness- and fund-raising events.

In October, Thoma Bravo sponsored the Little Lighthouse Foundation's (LLF) children’s Halloween party in Miami. Along with the help of volunteers and partners, LLF created a safe, fun-filled space filled with candy, games, activities, food and more — they even collected and delivered costumes to the children before the event!
Thoma Bravo once again partnered with Feeding South Florida to sponsor and staff their annual Turkey Drive! Colleagues from the Miami office volunteered to help hand out Thanksgiving kits to families facing food insecurity, enabling them to cook a Thanksgiving meal.
Thoma Bravo employees in Miami kicked off another special holiday tradition: our annual Christmas tree lot benefiting Boys & Girls Clubs of Miami-Dade. Proceeds from tree sales will fund the Clubs' crucial programs and services.
London employees participated in the Bright Ideas for Tennis 24-hour tennis marathon, raising funds for inclusive tennis programs for people with disabilities.
This summer, Thoma Bravo hosted all 12 of its newest Associates in Miami for a week of training, meetings and introductions.
Chicago employees ran in the 2025 annual JPMorgan Corporate Challenge, supporting BUILD.
On behalf of Thoma Bravo, Chip Virnig, Partner, accepted an award from the Boys and Girls Club of Miami-Dade in recognition of our contributions to the Miami community.
The Chicago office adopted four families during the 2025 holiday season in support of Christopher House’s Family-to-Family program, designed to connect donors with families to encourage meaningful holiday giving.
The London team joined in Childline's Sports Day for the second year running. The organization provides free confidential telephone counseling service for children and young people.
The San Francisco team volunteered to stuff stockings to bring holiday cheer to foster youth, including sponsoring over 200 gifts and 250 stockings.
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