Thoma Bravo

Thoma Bravo Fund XII, L.P.

Thoma BravoVINTAGE 2016

NET IRR

14.9%

TVPI

2.18x

DPI

1.68x

COMMITMENT

$75M

LP SOURCES

15

VALUATION SPREAD2.16x – 2.18x TVPI across 3 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$75M$81.8M14.9%2.18x1.68xSOURCE ↗
MainePERS2025-09-30$60M$83.8M14.9%SOURCE ↗
CalSTRS2025-06-30$250M$274.4M15.1%2.18x1.68xSOURCE ↗
LACERS2025-06-30$25M$26.5M15.1%SOURCE ↗
Florida SBA2025-06-30$150M$167M15.1%2.16x1.67xSOURCE ↗
Florida SBA2025-03-31$150M$167M15.4%2.17x1.23xSOURCE ↗
Florida SBA2024-12-31$150M$167M15.8%2.18x1.14xSOURCE ↗
Florida SBA2024-09-30$150M$167M16.1%2.19x1.04xSOURCE ↗
Florida SBA2024-06-30$150M$167M16.4%2.18x1.04xSOURCE ↗
Florida SBA2024-03-31$150M$167M16.7%2.16x1.04xSOURCE ↗
Florida SBA2023-12-31$150M$167M16.8%2.13x1.04xSOURCE ↗
Florida SBA2023-09-30$150M$167M16.3%2.04x1.04xSOURCE ↗
Florida SBA2022-09-30$150M$167M16.6%1.93x0.79xSOURCE ↗
Florida SBA2022-06-30$150M$166M16.8%1.90x0.59xSOURCE ↗
Florida SBA2022-03-31$150M$166M17.8%1.91x0.39xSOURCE ↗