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

2008
Thoma Bravo’s first software-only fund
Flagship Fund IX

2016
Discover platform debuts
Closing at $1 billion and allowing the firm to further expand into middle-market software companies
2017
Credit platform debuts
Its focus is on senior secured debt of established, mission-critical enterprise software companies
2020
Explore platform debuts
Its focus is on lower middle-market software companies

2021
AUM surpasses $100B
2022
Established on-the-ground Europe presence
2023
Flagship Fund XV named largest tech fund ever raised
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
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.
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.













