Seth Boro

Seth Boro is a Managing Partner at Thoma Bravo. Since joining in 2005, he has been instrumental in managing the firm and supporting its growth and success across the software and technology space. Based in San Francisco, Seth leads Thoma Bravo’s infrastructure software and cybersecurity strategy. He currently serves on the boards of Calabrio, ConnectWise, Darktrace, Flexera, Hyland, LogRhythm, Ping Identity, Proofpoint, Qlik, SailPoint and Sophos.

During his time at Thoma Bravo, Seth has held more than 30 board seats, led over 15 exits, and helped Thoma Bravo establish one of the largest cybersecurity portfolios in private equity, representing approximately $60 billion in total enterprise value.[1] Seth has also received industry recognition for the deals he has led, including the 2023 sale of Imperva to Thales (Private Equity Deal of the Year at the 2024 International M&A Awards^[2]) and the 2019 sale of DigiCert (Private Equity Deal of the Year by The Deal[3]).

In addition to his contributions to the private equity sector, Seth, alongside his wife, Jen Hamilton, founded the Room to Breathe Project, which is committed to supporting and improving young people’s mental health and well-being, with a specific focus on under-resourced communities. Seth is also a Board Observer at Bay FC and the Northern Super League and serves on the boards of the NHL’s Ottawa Senators, the Ottawa Rapid FC and the Canada Soccer Foundation.

Originally from Canada, Seth received his Bachelor of Commerce degree from Queen’s University School of Business, and later earned his MBA from the Stanford University Graduate School of Business. Seth began his career as an analyst at First Marathon Securities (now National Bank Financial) before joining the investment bank Credit Suisse in Toronto. Prior to Thoma Bravo, Seth was part of the investment team at Summit Partners, where he focused on private equity investments in the technology and business services sectors. Given Seth’s deep expertise in the fields of technology and cybersecurity, he regularly provides insights on sector trends, opportunities and risks through media interviews and at global industry events, including the Milken Institute Global Conference.

¹Includes control and non-control investments as of December 31, 2024.

²This award is the opinion of the party conferring the award and not of Thoma Bravo. The International M&A Awards, issued by M&A Advisor on 7/25/24, were based on the time period of 1/1/23 to 3/31/24. Thoma Bravo paid a processing fee in relation to the award. In general, the receipt of compensation influences, and is likely to present a potential material conflict of interest, relating to any granted award. There can be no assurance that other providers or surveys would utilize the same criteria used to determine this award or reach the same conclusion.

³This award is the opinion of the party conferring the award and not of Thoma Bravo. The Deal Awards, issued by the Deal on 9/25/2020, were based on the time period of 1/1/2019 to 12/31/2019. There can be no assurance that other providers or surveys would utilize the same criteria used to determine this award or reach the same conclusion.