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Laxman Pai, Opalesque Asia: Technology-focused Thoma Bravo said it drew in $32.4 billion in capital commitments for three private equity funds.
According to a media release from the private equity firm that specializes in software deals, it collected $24.3 billion for its flagship buyout vehicle, Thoma Bravo Fund XV, easily topping the $17.8 billion it collected for a predecessor pool. The Fund targets large equity investments in software and other technology companies.
The Chicago-based firm also raised $6.2 billion for Thoma Bravo Discover Fund IV, which focuses on middle-market buyouts, and $1.8 billion for the Thoma Bravo Explore Fund II, which focuses on lower middle-market buyouts.
"Each fund surpassed its target, demonstrating the strong support by Thoma Bravo's diverse network of investors for the firm's buyout strategies," the release said.
Commitments to the Funds were secured from Thoma Bravo's network of investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations, and family offices.
Investors in one or more of the latest buyout funds include California Public Employees' Retirement System, Sacramento, and New York State Common Retirement Fund, Albany.
Orlando Bravo, a Founder and Managing Partner at Thoma Bravo said: "This fundraising will enable us to further our strategy of collaborating with management teams to build leading softw...................... To view our full article Click here
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