Thoma Bravo Targets $950 Mln for Fund X
Today, we have some fundraising news. Thoma Bravo is looking to raise $950 million with its latest fund, a source says. With that target, Thoma Bravo Fund X LP is bigger than the PE firm's prior fund which raised $822.5 million in 2009. Fund X has been out for about a month, the source says. It's unclear how marketing is going but Thoma Bravo has made several exits this year from fund IX. Thoma Bravo closed its sale of Flexera Software to the Ontario Teacher's Pension Plan this month. The PE firm sold Manatron to Thomson Reuters (publisher of peHUB) in July and agreed to sell Excelligence Learning to Sterling Investment Partners.
12 October 2011•1 min read
