Kirkland Advises Thoma Bravo in Forming $1.074 Billion Thoma Bravo Discover Fund

Kirkland & Ellis LLP represented Thoma Bravo, LLC, a leading private equity investment firm, which announced today that it completed fundraising for Thoma Bravo Discover Fund (“Discover”). The fund – which will focus on lower middle market software investments – closed with $1.074 billion of commitments, reaching its hard cap. Thoma Bravo intends to continue following its successful investment strategy with Discover with a continued emphasis in the software and technology enabled services sectors. The fund provides an investment vehicle for opportunities requiring less equity capital than the larger opportunities that are the focus of Thoma Bravo’s flagship funds. More information on the fund is available here.
 
The Kirkland team included private funds partners Bruce Ettelson and John Muno and associates Katie St. Peters, Paul Mysliwiec, Kevin Wessel, Sam Scarcello and Patrick Valenti, investment management partners Scott Moehrke and Josh Westerholm and associate Ryan Swan, tax partners William Welke and Daniel Meehan, and employee benefits partner Laura Bader and associate Erica Buerger.
 
Kirkland’s Private Funds Practice is one of the largest and most experienced sponsor-side practices in the world. Since 1995, Kirkland's private funds lawyers have represented approximately 430 unique private equity sponsors in more than 800 total funds, raising more than $570 billion.