TB
TOP DECILE $130B AUM Software Buyout

Thoma Bravo

San Francisco, CA | Founded 1980 | 450+ employees | 16 flagship funds

Total AUM
$130B
Across all strategies
Pooled Net IRR
21.4%
Funds I-XV
Pooled TVPI
2.1x
Funds I-XV
Active Funds
6
Flagship + Discover + Credit
Portfolio Cos
440+
Since inception
Overview Performance 16 Portfolio 440 Team 124 LP Relationships 89 News 56 Documents 12
Fund Performance Summary Export to Excel
Fund Size Net IRR TVPI DPI RVPI Quartile Status
Fund XVI 2026 $32.4B 1.0x 0.0x 1.0x Investing
Fund XV 2022 $22.8B 18.2% 1.4x 0.2x 1.2x Q1 Investing
Fund XIV 2019 $17.8B 24.6% 1.9x 0.7x 1.2x Q1 Harvesting
Fund XIII 2017 $12.6B 28.4% 2.3x 1.4x 0.9x Q1 Harvesting
Fund XII 2014 $7.6B 26.8% 2.4x 2.1x 0.3x Q1 Liquidating
Fund XI 2012 $4.1B 22.1% 2.1x 2.1x 0.0x Q1 Realized
Fund X 2009 $2.8B 19.4% 1.9x 1.9x 0.0x Q2 Realized
Fund IX 2006 $1.6B 14.2% 1.7x 1.7x 0.0x Q2 Realized
Net IRR by Vintage Year
14.2%'06
19.4%'09
22.1%'12
26.8%'14
28.4%'17
24.6%'19
18.2%'22
Net IRR
Benchmark (Software Buyout)