Thoma Bravo, Vista Seek to Calm Fears Over AI Threat to Software

Private equity software specialists Thoma Bravo and Vista Equity Partners are rushing to reassure fund investors that their portfolios are healthy after anxiety over artificial intelligence disruptions sparked a broad equity selloff last week.

Thoma Bravo executives fielded queries and held conversations with some of their investors this past week to discuss the impact of AI on their software portfolios, the people said. The firm has indicated to some investors that it plans to send a letter addressing the issue and express confidence in their portfolio, said the people, who asked not to be identified discussing confidential information.