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Thoma Bravo Considers Raising $15 Billion Fund in 2020

  • Private equity firm closed $12.6 billion fund in January
  • Software-focused firm has announced 12 acquisitions this year
Orlando Bravo
Orlando BravoSource: Bloomberg

Technology-focused private equity firm Thoma Bravo is considering raising a new $15 billion fund early next year, after gathering $12.6 billion for its latest pool in January, according to people familiar with the matter.

The firm, which has offices in San Francisco and Chicago, could begin fundraising for its 14th flagship fund as soon as the first half of 2020, said the people, who asked to not be identified because the matter isn’t public. Executives at the firm believe there is sufficient software deal flow on the horizon to justify a new fund, one of the people said.