Exclusive: Thoma Bravo seeks top-up fund amid tech LBO bonanza

February 20, 2015 admin after-it-raised, buyout-firms, buyout-vehicle, dampen-other, new-fundraising, people-familiar, private, seeking-more, thoma

Thoma Bravo LLC, the private equity firm behind some of the technology sector’s largest leveraged buyouts, is seeking more money from investors for deals, less than a year after it raised a $3.65 billion fund, people familiar with the matter said. The new fundraising illustrates Thoma Bravo’s insatiable appetite for software makers and other technology companies, even as frothy valuations dampen other buyout firms’ enthusiasm. Thoma Bravo is seeking $1 billion for Thoma Bravo Special Opportunities Fund II, a fund that will invest in deals alongside its main buyout vehicle, Thoma Bravo Fund XI, which completed fundraising last May, the people said this week

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Exclusive: Thoma Bravo seeks top-up fund amid tech LBO bonanza