Tuesday, February 16, 2016

Thoma Bravo Closes $1 Billion Fund Aimed At Software Investments

San Francisco-based private equity investor Thoma Bravo announced today that it has closed on a new, $1.0 billion fund, aimed at investing in lower middle market software companies. The new Thoma Bravo Discover Fund had $1.074 billion in commitments. Thoma Bravo said it will continue its investment strategy with the new fund, with a focus on the software and technology enabled services sectors. The new fund will aim at investment opportunities which require less equity than its typical fund, according to Thoma Bravo.