Thoma Bravo Raises $7.6 Billion Fund to Pursue More Tech Deals
BySAN FRANCISCO — At a busy time for technology takeovers, one of the main private equity specialists in the field is raising its biggest-ever fund to pursue more deals.
The firm, Thoma Bravo, said on Monday that it had closed its 12th fund at $7.6 billion, which surpassed an initial target of about $7 billion because of high investor demand.
The firm, whose history traces back to a much larger private equity firm based in Chicago, has benefited from a slowly growing boom in technology leveraged buyouts. Along with Vista Equity Partners, Thoma Bravo is one of the few specialists who focus solely on taking over primarily aging software and other tech companies and then turning them around…
Thoma Bravo Raises $7.6 Billion Fund to Pursue More Tech Deals
