Software-focused private equity firm with $183 billion in assets under management.
Thoma Bravo is a private equity firm that acquires and invests in software and technology companies, with over $183 billion in assets under management as of December 31, 2025. Founded by Carl D. Thoma and Orlando Bravo, the firm has completed more than 580 transactions representing approximately $305 billion in aggregate enterprise value. Its investment activity spans private equity buyouts, growth equity, and credit strategies, with a concentrated focus on enterprise software across sectors including cybersecurity, financial technology, and business process automation.
For family offices evaluating Thoma Bravo as a potential LP relationship or co-investment partner, the firm's track record in software buyouts is the primary signal. Notable acquisitions include Anaplan at $10.7 billion, Proofpoint, Coupa, and Verint, alongside growth equity investments such as AppOmni. The firm applies a consistent operating model across its portfolio:
Thoma Bravo does not offer family office services, wealth management, or any direct financial product for private clients. Its relevance to this directory is strictly as a private markets fund manager to which family offices may allocate capital. The firm has offices in Chicago, Dallas, London, Miami, New York, and San Francisco, indicating a broad geographic presence for LP relationship management. Pricing, minimum commitments, and fund terms are not disclosed publicly, and access is typically limited to institutional and qualified investors through direct LP relationships.
Over the past 20+ years, the firm has acquired or invested in approximately 535 companies representing approximately $275 billion in enterprise value.
On Thoma Bravo, from a family-office user
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