The American investment company Thoma Bravo LLC plans to raise about $20 billion for a flagship stock buyback fund Thoma Bravo Fund XVI LP. This is reported by foreign media.
Thoma Bravo is simultaneously looking for investors to raise $7.0 billion for Discover Fund V, a new fund in the medium-sized business market.
Negotiations are ongoing, and a final decision on the amount and timing of fundraising has not yet been made.
Thoma Bravo in late 2022 raised $24 billion from Canada Pension Plan Investment Board and California Public Employees’ Retirement System for Thoma Bravo XV, the last major share buyback fund. In addition, the company has raised $6.2 billion for the Thoma Bravo Discover Fund IV and $1.8 billion for the Thoma Bravo Explore Fund II, which invests in a lower market segment.
Thoma Bravo is an American investment company focused on the technology sector. The company has assets worth more than $138 billion under management. The company's portfolio includes 40 software development companies, which include, in total, 45 thousand people and provide $15 billion in annual revenue. The main offices of the company are located in San Francisco, Chicago and Miami.
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