In addition, Thoma Bravo is targeting around $7bn for its new mid-market investment vehicle, Discover Fund V, according to one of Bloomberg’s sources, although discussion on both ends are ongoing and no final decisions regarding the timing or size of the fundraisings has been made.
Thoma Bravo’s last flagship buyout fund – Thoma Bravo XV – closed in late 2022, having attracted over $24bn in commitments from institutional investors including Canada Pension Plan Investment Board and California Public Employees’ Retirement System, while Discover Fund IV raised $6.2bn.
Source: Private Equity Wire
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