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Laxman Pai, Opalesque Asia:

Global software investment firm Thoma Bravo raised more than $34.4 billion amid a challenging fundraising environment for private equity for its investments in software and technology companies across three funds, all of which exceeded their targets.

The software buyout behemoth raised $24.3 billion for its latest flagship buyout fund, Thoma Bravo Fund XVI, to continue its software buyout strategy.

The raise also includes Discover Fund V at $8.1 billion and the firm's inaugural Europe Fund with €1.8 billion (around $2.04 billion). All three exceeded targets, with Fund XVI and the Europe Fund hitting hard caps and Discover Fund V growing commitments by over 30 percent from its predecessor.

Capital commitments to Thoma Bravo's new vehicle came from a network of sovereign wealth funds, public pension funds, corporations, insurance companies, endowments, foundations, and family offices. CalPERS, CalSTRS, and the New York City Employees' Retirement System were limited partners in its predecessor, according to public documents.

"We are deeply grateful to our investors for their continued confidence in Thoma Bravo," said Orlando Bravo, a Founder and Managing Partner at Thoma Bravo. "This fundraise is a testament to the strong relationships we've built with our investors over many years and reflects their belief in our ability to drive meaningful results. Their support will enable us to continue delivering on t......................

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