Thoma Bravo Fund XIII’s $12.6 Billion Fundraising

Kirkland & Ellis represented Thoma Bravo, LLC on the transaction

Thoma Bravo, LLC, a leading private equity investment firm, has completed fundraising for Thoma Bravo Fund XIII, its latest flagship fund to date. Fund XIII closed at $12.6 billion, reaching its hard-cap, and was significantly oversubscribed. Fund XIII is the largest pool of capital raised to invest in enterprise software companies. It will enable Thoma Bravo to continue to pursue its proven investment approach of owning and building high quality software companies. Fund XIII received strong support from Thoma Bravo’s diverse network of investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices.

Fund XIII comes after an active and successful year for the firm, which included 12 investments and the close of a $2.4 billion mid-market focused fund, Discover II. Since 2003, Thoma Bravo has completed over 200 software and technology acquisitions (over 60 platform companies and over 140 add-ons) with an aggregate value of about $57 billion.

Thoma Bravo, a pioneer of the “buy and build” investment strategy, has been at the forefront of a new era of private equity investments in the technology sector. By focusing on companies that have experienced management teams, loyal customers and strong product offerings, Thoma Bravo has built a 35-year track record of helping companies drive innovation and long-term value by implementing operating best practices, investing in growth initiatives and making strategic acquisitions.

The Kirkland team was led by investment funds partners John Muno (Picture) and Katie St. Peters and included investment funds partners Bruce Ettelson, Michael Chiswick-Patterson, Faris Elrabie, Laura Stake, Josh Westerholm and Ryan Swan, investment funds associates Edward Kirby, Casey O’Brien and Danielle Weinberg Dixon, tax partners William Welke and Daniel Meehan and tax associate Meg Dewar and employee benefits partner Elizabeth Dyer and associate Erica Rozow.

Involved fees earner: Michael Chiswick-Patterson – Kirkland & Ellis; Margaret Dewar – Kirkland & Ellis; Elizabeth Dyer – Kirkland & Ellis; Faris Elrabie – Kirkland & Ellis; Bruce Ettelson – Kirkland & Ellis; Edward Kirby – Kirkland & Ellis; Daniel Meehan – Kirkland & Ellis; John Muno – Kirkland & Ellis; Casey O’Brien – Kirkland & Ellis; Erica Rozow – Kirkland & Ellis; Katie St. Peters – Kirkland & Ellis; Laura Stake – Kirkland & Ellis; Ryan Swan – Kirkland & Ellis; Danielle Weinberg Dixon – Kirkland & Ellis; William Welke – Kirkland & Ellis; Josh Westerholm – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Thoma Bravo;

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Author: Ambrogio Visconti