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Private company

Thoma Bravo

Logo: Thoma Bravo, Public domain, via Wikimedia Commons3

American private equity firm

Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago, Illinois. It is known for being particularly active in acquiring enterprise software companies and had over $183 billion in assets under management as of 2026.2 It was founded by Orlando Bravo.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1998Founded1

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110 N Wacker
Photo: CityBoy96, CC BY-SA 4.0, via Wikimedia Commons4

Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago, Illinois. It is known for being particularly active in acquiring enterprise software companies and had over $183 billion in assets under management as of 2026.2

Corporate structure

Thoma Bravo sits at the top of its group. 13 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Thoma Bravo

  • Orlando Nmn Bravo Owns 10% to 25% of Thoma Bravo, since 03/2008 (Form ADV)
  • Samuel Scott Crabill Owns 10% to 25% of Thoma Bravo, since 03/2008 (Form ADV)
  • Lee Mark Mitchell Owns 10% to 25% of Thoma Bravo, since 03/2008 (Form ADV)
  • Carl Dee Thoma Owns 10% to 25% of Thoma Bravo, since 03/2008 (Form ADV)
  • Seth Joseph Boro Owns 10% to 25% of Thoma Bravo, since 06/2014 (Form ADV)
  • Paul Holden Spaht Owns 10% to 25% of Thoma Bravo, since 06/2014 (Form ADV)

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G; owners and owned firms from Form ADV, the registration investment advisers file with the SEC. Each entity in the chart links to its source.

Investment adviser

Thoma Bravo is registered with the SEC as an investment adviser. This is what it reports on Form ADV, the registration every adviser files and keeps current.

  • Assets it manages$182.9B5 153 accounts, all with discretion
  • Employees246 89 in investment advice or research
  • ClientsPooled investment vehicles (other than investment companies and: 153 ($182.9B)
  • How it is paidA percentage of assets under its management; Performance-based fees
  • What it doesOther: INVESTMENT ADVISOR TO PRIVATE FUNDS
  • Holds client assetsYes: cash and securities
  • RegistrationSEC 801-73780, CRD 157041 IAPD record

Who owns it

Owners of 5% or more as the firm lists them (Schedule A), and the owners of those owners up the chain (Schedule B).

  • Seth Joseph Boroowns 10% to 25%, since 06/2014
  • Orlando Nmn Bravoowns 10% to 25%, since 03/2008
  • Samuel Scott Crabillowns 10% to 25%, since 03/2008
  • Lee Mark Mitchellowns 10% to 25%, since 03/2008
  • Paul Holden Spahtowns 10% to 25%, since 06/2014
  • Carl Dee Thomaowns 10% to 25%, since 03/2008

What it owns

What Thoma Bravo reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Orlando Bravo in 1998.1

Leadership

Who has led Thoma Bravo, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • investment

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

Also owns

From Wikidata.1

Acquisitions

  1. Oct 1, 2022Acquired Ping Identity1
  2. 2022Acquired Bottomline Technologies1
  3. Nov 5, 2021Acquired QAD Inc1
  4. 2011Acquired Blue Coat Systems1

Timeline

  1. 1998Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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