Thoma Bravo

Thoma Bravo Fund XIV

Thoma BravoVINTAGE 2021

NET IRR

6.2%

TVPI

1.23x

DPI

0.32x

COMMITMENT

$150M

LP SOURCES

25

VALUATION SPREAD1.20x – 1.25x TVPI across 7 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$150M$179.1M6.2%1.23x0.32xSOURCE ↗
CalPERS2025-09-30$600M$649.1M6.4%1.24x0.34xSOURCE ↗
WSIB2025-09-30$200M$217.1M6.4%1.20x0.34xSOURCE ↗
CalSTRS2025-06-30$300M$324.6M6.8%1.25x0.32xSOURCE ↗
LACERS2025-06-30$30M$32.6M6.8%SOURCE ↗
Florida SBA2025-06-30$200M$218.2M6.8%1.24x0.33xSOURCE ↗
Florida SBA2025-03-31$200M$218.2M7.4%1.25x0.24xSOURCE ↗
LACERA2025-03-31$100M$108.6M7.2%1.24x0.23xSOURCE ↗
Wisconsin SWIB2024-12-31SOURCE ↗
Florida SBA2024-12-31$200M$216.2M7.7%1.24x0.22xSOURCE ↗
Florida SBA2024-09-30$200M$216.2M7.7%1.23x0.21xSOURCE ↗
PA SERS2024-09-30$50M$53.6M7.7%1.20x0.20xSOURCE ↗
Florida SBA2024-06-30$200M$204.2M7.5%1.21x0.14xSOURCE ↗
Florida SBA2024-03-31$200M$204.2M7.0%1.18x0.14xSOURCE ↗
Florida SBA2023-12-31$200M$198.7M6.2%1.15x0.14xSOURCE ↗
Florida SBA2023-09-30$200M$198.7M5.4%1.11x0.01xSOURCE ↗
Florida SBA2022-09-30$200M$190M-11.0%0.88x0.01xSOURCE ↗
Florida SBA2022-06-30$200M$190M-3.8%0.97x0.01xSOURCE ↗
Florida SBA2022-03-31$200M$190M1.01x0.01xSOURCE ↗
Florida SBA2021-12-31$200M$172.4M1.01x0.01xSOURCE ↗
Florida SBA2021-09-30$200M$127.5M1.01x0.01xSOURCE ↗
Florida SBA2021-06-30$200M$78.7M0.99x0.00xSOURCE ↗
Florida SBA2021-03-31$200M$0MSOURCE ↗
Florida SBA2020-12-31$200M$0MSOURCE ↗
Florida SBA2020-09-30$200M$0MSOURCE ↗