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Thoma Bravo beats tech fundraising record with $24bn raise

Thoma Bravo reeled in cash for three new funds despite a challenging market for private equity fundraising

Technology-focused Thoma Bravo raised more than $32bn for buyouts and growth investments, including a record haul for its main buyout fund, against a challenging fundraising backdrop this year.

The Chicago-based private equity firm collected $24.3bn for its flagship buyout vehicle, Thoma Bravo Fund XV, easily topping the $17.8bn it collected for a predecessor pool. The latest amount sets a record for a tech-focused buyout fund raised by an independent private equity firm, according to data from Preqin.

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