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Thoma Bravo: investment adviser
Thoma Bravo, L.P., doing business as Thoma Bravo, is an investment adviser registered with the SEC (file 801-73780, CRD 157041). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $182.9B
- Discretionary
- 100%
- Accounts
- 153
- Employees
- 246
- In advisory roles
- 89
- Disclosures
- 0
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports that it or a related person has custody of client cash and securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Private funds and other pooled vehicles | 153 | $182.9B | 100.0% |
How it is paid
- A percentage of assets under your management
- Performance-based fees
Services
- Other: INVESTMENT ADVISOR TO PRIVATE FUNDS
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Seth Joseph Boro | Person | Managing partner / limited partner | B 10% to 25% | Jun 2014 | Yes | |
| Orlando NMN Bravo | Person | Managing partner / limited partner | B 10% to 25% | Mar 2008 | Yes | |
| Samuel Scott Crabill | Person | Managing partner / limited partner | B 10% to 25% | Mar 2008 | Yes | |
| Lee Mark Mitchell | Person | Managing partner / limited partner | B 10% to 25% | Mar 2008 | Yes | |
| Paul Holden Spaht | Person | Managing partner / limited partner | B 10% to 25% | Jun 2014 | Yes | |
| Carl Dee Thoma | Person | Managing partner / limited partner | B 10% to 25% | Mar 2008 | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
The firm answered No to every disciplinary question on Form ADV (Item 11).
The brochure
No brochure text was read for this firm.
Other brochures on file
- Thoma Bravo - Form ADV Part 2, Mar 31, 2026
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.