Thoma Bravo
Thoma Bravo is a private equity firm based in United States with €154.7B AUM and 156 active companies.
- ·Top sector focus: SaaS (27% of portfolio).
- ·Fund cadence: ~2Y between vintages · last raise 2025.
Sector breakdown
98 companiesGeography breakdown
4 geographiesKey facts
Recent exits
No exits recorded yet.
Coverage notes
9 funds tracked, 156 portfolio companies (156 active · 0 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Thoma Bravo has raised, with its portfolio companies. Hand-checked from public filings.
Thoma Bravo growth vehicleGrowth20251 assetsGrowth2025 · 1yr–1–
Unrealized
1 held| Company | Entry |
|---|---|
| PCMI TMT · US | – |
Thoma Bravo Europe FundBuyout2023€1.8B1 assetsBuyout2023 · 3yr€1.8B1–
Unrealized
1 held| Company | Entry |
|---|---|
| Eqs TMT · US | – |
Thoma Bravo growth fundGrowth20224 assetsGrowth2022 · 4yr–4–
Thoma Bravo FlagshipBuyout2021€24.3B12 assetsBuyout2021 · 5yr€24.3B12–
Unrealized
12 heldThoma Bravo Explore FundRealizedGrowth2020€8M6 assetsGrowth2020 · 6yr€8M6–
Unrealized
6 held| Company | Entry |
|---|---|
| Circle Cardiovascular Imaging MedTech · US | – |
| Exostar TMT · US | – |
| Foundation Software TMT · US | – |
| Pendo SaaS · US | – |
| Project44 Logistics · US | – |
| TRM Labs Data & Analytics · US | – |
Thoma Bravo Discover FundRealizedBuyout201913 assetsBuyout2019 · 7yr–13–
Unrealized
13 held| Company | Entry |
|---|---|
| Bluematrix SaaS · US | – |
| Continuous IT Services · US | – |
| Continuum Industrials · US | – |
| HubSync SaaS · US | – |
| Infogix Data & Analytics · US | – |
| iOffice SaaS · US | – |
| Nearmap Data & Analytics · Australia | – |
| Riskonnect SaaS · US | – |
| Solifi SaaS · US | – |
| Srs Health HealthTech · US | – |
| T2 Systems SaaS · US | – |
| Trading Technologies SaaS · US | – |
| UserZoom SaaS · US | 2022 |
Thoma Bravo FundRealizedBuyout2018€12.6B58 assetsBuyout2018 · 8yr€12.6B58–
Unrealized
58 held| Company | Entry |
|---|---|
| Abc Software · US | – |
| ABC Fitness Solutions TMT · US | – |
| Anaplan SaaS · US | – |
| Auctane SaaS · US | – |
| Blue Coat TMT · US | – |
| Bluesight SaaS · US | – |
| Bomgar TMT · US | – |
| Bottomline TMT · US | – |
| Compuware DevTools · US | – |
| Condeco SaaS · UK | – |
| Connectwise IT Services · US | – |
| Coupa SaaS · US | – |
| Delinea Cybersecurity · US | – |
| Deltek TMT · US | – |
| DigiCert Cybersecurity · US | – |
| Dynatrace DevTools · US | – |
| Ellie Mae SaaS · US | – |
| Empirix Telecom · US | – |
| Entrust Cybersecurity · US | – |
| Everbridge SaaS · US | – |
| Figment Software · US | – |
| Forgerock Cybersecurity · US | – |
| GHX TMT · US | – |
| Greenphire HealthTech · US | – |
| Hyland TMT · US | – |
| Hypergene Data & Analytics · Sweden | 2023 |
| Imperva Cybersecurity · US | – |
| Imprivata Cybersecurity · US | – |
| Infovista Software · US | 2016 |
| Intel 471 TMT · US | – |
| Ipipeline SaaS · US | – |
| Kofax TMT · US | – |
| Landesk Software · US | – |
| Logex HealthTech · US | – |
| Logrhythm Cybersecurity · US | – |
| Magnetic Forensics Cybersecurity · US | – |
| Medallia Data & Analytics · US | – |
| Mediware HealthTech · US | – |
| Motus TMT · US | – |
| NextGen HealthTech · US | – |
| Personetics Fintech · US | – |
| Powerplan SaaS · US | – |
| PROS TMT · US | – |
| QAD SaaS · US | – |
| RealPage SaaS · US | – |
| Roadnet SaaS · US | – |
| Sailpoint Cybersecurity · US | – |
| Secure Cloud Cybersecurity · US | – |
| Segall Bryant Hamill Financials · US | – |
| Servicetitan SaaS · US | – |
| Solarwinds TMT · US | – |
| Sonicwall TMT · US | – |
| Starburst Data & Analytics · US | – |
| Suvoda SaaS · US | – |
| Telestream TMT · US | – |
| Tripwire Cybersecurity · US | – |
| USU TMT · US | – |
| Venafi Cybersecurity · US | – |
None (sold 2014)RealizedBuyout20131 assetsBuyout2013 · 13yr–1–
Unrealized
1 held| Company | Entry |
|---|---|
| Digital Insight SaaS · US | – |
Thoma Cressey Bravo FundRealizedBuyout2008€66M2 assetsBuyout2008 · 18yr€66M2–
Unrealized
2 held| Company | Entry |
|---|---|
| Embarcadero DevTools · US | – |
| Manatron Software · US | – |
Other portfolio companies
58 more Thoma Bravo investments not tied to a tracked fund.
- Able · Software · US
- Adenza · TMT · US · 2022
- Aisera · TMT · US
- Alation · Data & Analytics · US
- Anchorage · Software · US
- Applitools · DevTools · US
- AppOmni · Cybersecurity · US
- Apttus · TMT · US
- Aternity · DevTools · US
- Aucerna · SaaS · US
- Autodata · Software · UK
- Azul · TMT · US
- Barracuda · TMT · US
- Calabrio · Software · US
- Calypso Technology · TMT · US · 2021
- Command Alkon · Construction · US · 2005
- CompTIA · TMT · US
- Cority · TMT · US
- Elemica · SaaS · US
- Eptura · TMT · US
- Exabeam · Cybersecurity · US
- Frontline Education · SaaS · US · 2018
- Idaptive · Cybersecurity · US
- Imply · TMT · US
- Instructure · SaaS · US
- J.D. Power · Business Services · US
- Jeppesen Foreflight · TMT · US
- Local Media · TMT · US · 2017
- Majesco · SaaS · US
- McAfee · Cybersecurity · US · 2022
- Mede Analytics · Data & Analytics · US
- Mercell · SaaS · Norway
- Meridianlink · SaaS · US
- Nasdaq · Fintech · US
- Network Instruments · Software · US
- Nintex · SaaS · US
- Olo · E-commerce · US
- Pathwire · DevTools · US
- Quorum · Software · US
- Raptor Technologies · SaaS · US
- Riverbed · TMT · US
- See Case Study · US
- See EQS case study · Software · US
- See Foundation case study · Software · US
- Sirius · Software · US
- Sophos · Cybersecurity · UK
- Sparta Systems · SaaS · US
- Syntellis · Data & Analytics · US
- Talend · Data & Analytics · US · 2013
- The world’s largest software · Software · US
- Thoma Bravo Homepage · Software · US
- Trader · Financials · US
- Travelclick · TMT · US
- Usertesting · SaaS · US
- Veriforce · SaaS · US
- Verint is The CX Automation Company · SaaS · US
- Vivian · Software · US
- Zipari · SaaS · US
About Thoma Bravo
Thoma Bravo is a American private equity and investment platform with capital deployed across 10 active fund vehicles, headquartered in New York. The firm operates across multiple alternative strategies, with capital deployed into European businesses across software, TMT, healthcare, financials, industrials and business services.
Investment thesis
Thoma Bravo operates across complementary alternative investment strategies, deploying capital into European businesses across software, TMT, healthcare, financials, industrials and business services. The multi-strategy platform enables diversified capital deployment across the business lifecycle from venture and growth equity to mid-cap buyouts, with capital sourced from institutional limited partners and selective family-office capital across North America with selective European deployment.
Recent activity
Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 10 fund vehicles, 156 active portfolio companies and 0 realised exits across the strategy's history.
Frequently asked questions
- How many portfolio companies does Thoma Bravo have?
- Thoma Bravo has 156 active portfolio companies and 9 funds tracked on GP Intel.
- Where is Thoma Bravo headquartered?
- Thoma Bravo is headquartered in United States.
- What is Thoma Bravo's assets under management?
- Thoma Bravo manages approximately €154.7B in assets under management.
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