Kirkland & Ellis LLP is pleased to announce that client Thoma Bravo, LLC, a leading private equity investment firm, has completed fundraising for Thoma Bravo Fund X. The fund closed at $1.25 billion and was substantially oversubscribed.
Thoma Bravo will invest Fund X by continuing to apply its buy-and-build strategy in consolidating industries with a focus on enterprise and infrastructure software and financial and business services.
The Kirkland team that represented Thoma Bravo includes private funds partners Bruce Ettelson and John Muno, with associates Adam Burns and Shimrit Scher, and tax partner William Welke.
Kirkland has represented Thoma Bravo for many years, including in the formation of its $822.5 million fund, Thoma Bravo Fund IX, L.P. The Firm also recently represented Thoma Bravo in the take-private acquisition of Blue Coat Systems, valued at $1.3 billion.
Kirkland's Private Funds Group includes nearly 100 attorneys focused on private funds across nine offices in six time zones. The Firm has represented nearly 300 unique private fund sponsors in raising approximately $385 billion of new capital for over 600 funds since 1995, and regularly represents leading institutional investors in connection with their investments in private funds.
About Kirkland & Ellis LLP
Kirkland & Ellis LLP (www.kirkland.com) is a 1,500-attorney law firm representing global clients in complex corporate/private equity and tax, litigation and dispute resolution/arbitration, restructuring and intellectual property and technology matters. The Firm has offices in Chicago, Hong Kong, London, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.
About Thoma Bravo, LLC
Thoma Bravo (www.thomabravo.com) is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams building growing companies. Thoma Bravo currently manages a series of private equity funds representing almost $4 billion of equity commitments.