Thoma Bravo closed its latest private equity fund, Thoma Bravo Fund XII, at $7.6 billion, the fund’s hard cap, said a news release.
Thoma Bravo’s twelfth fund is more than double the size of its last flagship private equity fund that closed in 2014 — the $3.65 billion Thoma Bravo Fund XI.
The current fund was “significantly oversubscribed,” the release stated. The prior fund was also significantly oversubscribed. Like the private equity firm’s past fund, the new fund will invest in software and technology companies.
Thoma Bravo spokesman Matthew Gorton could not be reached by press time.
Investors in Thoma Bravo Fund XII include the $181 billion New York State Common Retirement Fund, Albany; $14.9 billion Los Angeles City Employees’ Retirement System; and $7.2 billion New Hampshire Retirement System, Concord.