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Thoma Bravo

HQ
Chicago, IL
AUM
$182.9B
STRATEGY
Private Equity
SEC SINCE
2012

FUNDS

32

MEDIAN NET IRR

21.2%

MEDIAN TVPI

2.18x

LP SOURCES

16

FUNDS

FUNDVINTAGECOMMITMENTNET IRRTVPIDPIDIVERGENCESOURCES
Thoma Bravo Fund XIII-A2019$400M22.8%1.82x1.01xwatch
2 sourcesCPPIBUC Regents
Thoma Bravo Discover Fund V, L.P.2025$200M0.0%———
7 sourcesWSIBFlorida SBALACERACalSTRSNY State CRFMainePERSLACERS
Thoma Bravo Europe Fund, L.P.2025$114.4M—1.26x0.00x—
CalPERS
Thoma Bravo Fund XVI-A2025$600M————
CPPIB
Thoma Bravo Fund XVI2024$150M0.0%—0.00x—
8 sourcesNY State CRFCalSTRSOregon OPERFWSIBLACERAMinnesota SBIFlorida SBALACERS
Thoma Bravo Fund XV, L.P.2022$100M14.2%1.40x0.09x—
10 sourcesCalSTRSWSIBPA SERSLACERAOregon OPERFFlorida SBAWisconsin SWIBLACERSMinnesota SBICalPERS
Thoma Bravo Discover Fund IV, L.P.2022$200M19.1%1.40x0.20x—
7 sourcesWSIBLACERAFlorida SBAWisconsin SWIBMainePERSLACERSUTIMCO
Thoma Bravo Discover IV2022$100M21.3%1.34x0.20x—
2 sourcesCalSTRSUC Regents
Thoma Bravo Fund XV-A2022$400M—1.38x0.04x—
2 sourcesCPPIBUC Regents
Thoma Bravo Oasis Fund A2022$70M————
CPPIB
Thoma Bravo Fund XIV2021$150M6.2%1.23x0.32x—
9 sourcesCalSTRSMinnesota SBIPA SERSLACERACalPERSWSIBFlorida SBAWisconsin SWIBLACERS
Thoma Bravo Discover Fund III, L.P.2021$100M11.4%1.50x0.06x—
8 sourcesCalSTRSWSIBPA SERSLACERAFlorida SBALACERSUTIMCOUC Regents
Thoma Bravo XIV-A2021$400M————
CPPIB
Thoma Bravo Explore Fund2020$10M23.4%———
2 sourcesLACERSUTIMCO
Thoma Bravo Fund XIII, L.P.2019$150M21.2%1.96x1.01x—
6 sourcesCalSTRSMinnesota SBIPA SERSFlorida SBAMainePERSLACERS
Thoma Bravo Discover Fund II, L.P.2018$100M21.9%2.18x1.11x—
5 sourcesCalSTRSFlorida SBACPPIBLACERSUC Regents
Thoma Bravo Fund XII, L.P.2016$75M14.9%2.18x1.68x—
5 sourcesCalSTRSMinnesota SBIFlorida SBAMainePERSLACERS
Thoma Bravo XII2016$400M15.6%2.22x1.71x—
3 sourcesFlorida SBANC RetirementCPPIB
Thoma Bravo Discover Fund LP2016$50M34.4%3.08x2.64x—
Florida SBA
Thoma Bravo Special Opportunities Fund II, L.P.2015$15M15.7%2.51x1.78x—
4 sourcesCalSTRSFlorida SBAMainePERSLACERS
Thoma Bravo SOF II2015$75M————
CPPIB
Thoma Bravo Fund XI2014$50M26.0%3.61x3.11x—
4 sourcesCalSTRSFlorida SBAMainePERSLACERS
Thoma Bravo XI2014$150M————
CPPIB
Thoma Bravo Special Opps Fund I, L.P.2013$31.4M34.1%3.98x3.98x—
CalSTRS
Thoma Bravo Overage Fund, L.P.2013$45M35.5%4.19x3.13x—
Florida SBA
Thoma Bravo Special Opportunities Fund I LP2013$45M33.6%3.98x3.98x—
Florida SBA
Thoma Bravo Fund X2012$100M38.0%4.04x3.79x—
2 sourcesCalSTRSFlorida SBA
Thoma Bravo Fund IX LP2008$50M48.1%4.08x4.08x—
Florida SBA
THOMA BRAVO LLC—$200M-6.0%0.83x0.04x—
2 sourcesUTIMCOUC Regents
THOMA BRAVO XIV LP—$350M7.0%1.25x0.32x—
2 sourcesUTIMCOUC Regents
›2 FUNDS WITH LIMITED DATA

These funds appear in LP disclosures (typically commitment-only records) but lack reported performance metrics. Click any fund to see its underlying reports.

FUNDVINTAGECOMMITMENTNET IRRTVPIDPIDIVERGENCESOURCES
TB Co-Invest Opportunities (Blue Jay), L.P—$100M————
NY State CRF
THOMA BRAVO EXPLORE FUND II LP——————
UTIMCO

DATA PROVENANCE

Every figure on this page comes from a public LP disclosure. The following pension systems reported on Thoma Bravo.

LP SOURCELATEST REPORTREPORTSDISCLOSURE
Minnesota SBI
Dec 20255VIEW SOURCE ↗
OTPPmanager list
Dec 2025—VIEW SOURCE ↗
CPPIB
Sep 20259VIEW SOURCE ↗
CalPERS
Sep 20253VIEW SOURCE ↗
MainePERS
Sep 20256VIEW SOURCE ↗
Oregon OPERF
Sep 20252VIEW SOURCE ↗
WSIB
Sep 20256VIEW SOURCE ↗
UTIMCO
Aug 20256VIEW SOURCE ↗
CalSTRS
Jun 202513VIEW SOURCE ↗
Florida SBA
Jun 2025369VIEW SOURCE ↗
LACERS
Jun 202512VIEW SOURCE ↗
NC Retirement
Jun 20251VIEW SOURCE ↗
UC Regents
Jun 20257VIEW SOURCE ↗
MA PRIMmanager list
Jun 2025—VIEW SOURCE ↗
NYC Police PFmanager list
Jun 2025—VIEW SOURCE ↗
NY State CRF
May 20253VIEW SOURCE ↗
LACERA
Mar 20256VIEW SOURCE ↗
Wisconsin SWIB
Dec 20243VIEW SOURCE ↗
PA SERS
Sep 20244VIEW SOURCE ↗
Texas TRSmanager list
Aug 2024—VIEW SOURCE ↗
Ohio STRSmanager list
Jun 2023—VIEW SOURCE ↗