Thoma Bravo Raises $2.4 Billion for Discovery Fund II

Chicago and San Francisco-based private equity investment firm Thoma Bravo announced on Thursday, Apr 26, a new fund that closed at its hard cap of $2.4 billion and will focus on middle market software companies. Thoma Bravo Discover Fund II was oversubscribed and received “strong support from a diverse range of Thoma Bravo’s exiting institutional investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices.”