Thoma Bravo, LLC.

Limited liability company

A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...

 is a private equity

Private equity fund

A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....

 firm specializing in investing in middle-market companies in fragmented and consolidating industries. The firm and its predecessor firms are generally credited with devising the concept of consolidating companies in fragmented industries, according to the Wall Street Journal

The Wall Street Journal

The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....

.

Thoma Bravo and its predecessor firms have managed nine private equity investment funds

Private equity fund

A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....

 representing almost $4 billion in committed capital since 1980.

The firm invests through private limited partnerships and its investors include a variety of pension funds, endowments and other institutional investors.

The firm has more than 25 employees divided between its San Francisco and Chicago

Chicago

Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...

 offices.

Thoma Bravo is a member of the Private Equity Growth Capital Council, the National Venture Capital Association

National Venture Capital Association

The National Venture Capital Association is the leading trade association representing the venture capital industry in the U.S. The NVCA represents the venture industry in public policy debates in Washington, DC, and promotes high professional standards, professional development, and interaction...

and the Illinois Venture Capital Association.

Partners

Thoma Bravo has six partners: managing partners Orlando Bravo, Scott Crabill, Lee Mitchell and Carl Thoma, plus partners Seth Boro and Holden Spaht. Boro and Spaht were promoted to partner in January 2011.

Funds

The firm’s most recent fund, Thoma Bravo Fund IX, closed in March 2009 with $822.5 million of capital and is currently being invested in companies within application and infrastructure software, education and business services sectors.