Thoma Bravo, a private equity firm that specializes in software deals, on Wednesday said it drew in $32.4 billion in capital commitments for three private equity funds. The firm, which is based in Chicago, San Francisco and Miami, said it raised $24.3 billion for Thoma Bravo Fund XV, two years after it raised $17.8 billion for Fund XIV. The firm said Fund XV ranks as the largest technology-focused fund ever raised. Thoma Bravo raised $6.2 billion for Thoma Bravo Discover Fund IV and $1.8 billion for the Thoma Bravo Explore Fund II. Law firm Kirkland & Ellis was legal adviser for the funds.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.