Thoma Bravo is an institutional investor (Buyout Funds) founded in 1980 and headquartered in San Francisco, United States. Thoma Bravo is one of the largest private equity firms focused exclusively on software and technology investments. With approximately $166 billion in assets under management, the firm has completed over 480 acquisitions across its 20+ year history. Thoma Bravo pioneered the "buy-and-build" strategy in enterprise software, combining deep sector expertise with operational discipline. The firm has offices in Chicago, Dallas, London, Miami, New York, and San Francisco. Notable investments include SolarWinds, Dynatrace, Proofpoint, Coupa, ForgeRock, Ping Identity, SailPoint, and Medallia. Provider of capital and strategic support to technology company management teams. The firm focuses exclusively on growing software and technology businesses. It offers resources to help companies achieve operational improvements. The firm provides guidance to help businesses scale and expand their market presence. Fund Philosophy: We partner with great teams and help them build category-defining companies. The firm has been investing in software since shortly after the dot-com crisis and focuses on creating value from day one by seeking to find a clear path to operational efficiency and profitable growth. The firm believes the best time to do a good deal is when you can, based on company fundamentals, not market cycles. Investment criteria: Provider of capital and strategic support to technology company management teams. Assets Under Management (AUM): $172 billion+. Notable portfolio companies: SolarWinds, Dynatrace, Sophos, Barracuda Networks, Imperva, McAfee, SailPoint, ForgeRock, Ping Identity, Proofpoint, Talend, Riverbed Technology, ConnectWise, Continuum, Datto, Axcient, Calabrio, Imprivata, Medallia, Flexera, Snow Software, JMP Solutions, Veracode, Conga, Coupa, Bottomline Technologies, Hagerty, RealPage, Instructure, Ellie Mae, Ipreo, Finastra, Temenos, Bottomline, Planview, Acquia, UserTesting, Saba Software, Hyland, Qlik, Attachmate, NetIQ, Lumension, Tripwire, Digital Harbor, Blue Coat Systems, LANDesk, Serena Software, Compuware, Embarcadero Technologies, Borland, Telelogic, MKS, Numara Software, Thermo Scientific, PPM2000, EnterpriseDB, Aon Cyber Solutions, Itamar Medical, Cloudbees, Identity Automation, Nintex, Aria Systems, Udemy, IronSky, Quickbase, HackerOne, Synopsys, Ceridian, Workday, DocuSign, Adobe, Salesforce, Microsoft, Oracle, SAP, IBM.

Stage

buyout (Flagship large-cap, Discover middle-market, Explore lower middle-market), growth equity, credit, buyout (Flagship large-cap, Discover middle-market, Explore lower middle-market), growth equity, credit

Check size

$1B-$10B+ (enterprise value for buyouts; recent deals $1.4B-$12B)

HQ

Chicago, United States

Founded

1980

Website

https://www.thomabravo.com/

LinkedIn

https://linkedin.com/company/thoma-bravo

Twitter

https://twitter.com/thomabravo

What they look for

growth-oriented software & technology companies with recurring high-quality revenue streams, mission-critical products; primarily North America & Europe; market-leading positions suitable for buy-and-build strategy

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