Thoma Bravo, L.P.
Thoma Bravo, L.P. is one of the largest private equity firms specializing in software and technology-enabled business services, headquartered in Chicago, Illinois, with additional offices in Miami, New York, San Francisco, and London. Founded in 1980 as the successor to Golder Thoma & Co., the firm has grown into a global leader, managing over $181 billion in assets as of June 30, 2025. Thoma Bravo employs more than 300 professionals focused on investing in growth-oriented, innovative companies. Thoma Bravo primarily serves institutional investors, including pension funds, endowments, and sovereign wealth funds, and is recognized for its partnership-driven approach and depth of sector expertise.
Investment Strategy
Thoma Bravo follows a focused strategy of investing in established and high-growth software and technology companies through a range of funds, including flagship, mid-market, and growth equity vehicles. Its approach centers on collaborative partnerships with management teams, using deep sector knowledge and operational expertise to drive innovation, operating results, and long-term value creation. The firm is known for implementing a 'buy-and-build' strategy, making platform acquisitions and supporting add-on acquisitions to achieve consolidation and expansion. Thoma Bravo applies rigorous management principles and metrics, emphasizes ESG considerations, and invests in growth initiatives and strategic acquisitions to maximize shareholder value.
Top Holdings
Equity Positions (4)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SAIL | SAILPOINT INC | 90.81% | $10.59B | 479,842,514 | $18.75 | $22.08 | -$374.3M |
M MLNK | MERIDIANLINK INC | 4.94% | $576.6M | 28,932,388 | $22.36 | $19.93 | +$107.0M |
N NABL | N-ABLE INC | 3.35% | $390.7M | 50,090,643 | $12.41 | $7.80 | -$15.0M |
T TTAN | SERVICETITAN INC | 0.90% | $104.8M | 1,039,099 | $102.87 | $100.83 | -$6.6M |