Thoma Bravo

Thoma Bravo Fund XV, L.P.

Thoma BravoVINTAGE 2022

NET IRR

14.2%

TVPI

1.40x

DPI

0.09x

COMMITMENT

$100M

LP SOURCES

21

VALUATION SPREAD1.30x – 1.40x TVPI across 7 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$100M$94.6M14.2%1.40x0.09xSOURCE ↗
CalPERS2025-09-30$348.3M$501.4M12.0%1.30x0.49xSOURCE ↗
Oregon OPERF2025-09-30$250M$215.3M14.0%1.39x0.04xSOURCE ↗
WSIB2025-09-30$200M$172.4M14.0%1.40x0.04xSOURCE ↗
CalSTRS2025-06-30$300M$258.4M15.0%1.38x0.04xSOURCE ↗
Florida SBA2025-06-30$150M$129.2M15.0%1.38x0.04xSOURCE ↗
LACERS2025-06-3015.0%SOURCE ↗
LACERA2025-03-31$100M$79.9M14.8%1.35x0.00xSOURCE ↗
Florida SBA2025-03-31$150M$120M15.2%1.36x0.00xSOURCE ↗
Wisconsin SWIB2024-12-31SOURCE ↗
Florida SBA2024-12-31$150M$120M16.8%1.35x0.00xSOURCE ↗
Florida SBA2024-09-30$150M$107M15.0%1.30x0.00xSOURCE ↗
PA SERS2024-09-30$100M$71.3M0.00xSOURCE ↗
Florida SBA2024-06-30$150M$107M15.0%1.25x0.00xSOURCE ↗
Florida SBA2024-03-31$150M$107M12.1%1.17x0.00xSOURCE ↗
Florida SBA2023-12-31$150M$107M10.1%1.11x0.00xSOURCE ↗
Florida SBA2023-09-30$150M$101.9M5.6%1.05x0.00xSOURCE ↗
Florida SBA2022-09-30$150M$45.9M0.99x0.00xSOURCE ↗
Florida SBA2022-06-30$150M$24.9M0.99x0.00xSOURCE ↗
Florida SBA2022-03-31$150M$0MSOURCE ↗
Florida SBA2021-12-31$150M$0MSOURCE ↗