Kirkland Advises Thoma Bravo on $34.4 Billion Fundraise

Kirkland & Ellis advised software investment firm Thoma Bravo on the completion of fundraising for its buyout funds totaling more than $34.4 billion in fund commitments. The funds included Thoma Bravo Fund XVI, a $24.3 billion fund; Thoma Bravo Discover Fund V, an $8.1 billion fund; and as previously announced the firm’s first dedicated Europe Fund, with approximately €1.8 billion in capital commitments. The fundraise demonstrates strong support from Thoma Bravo’s diverse network of investors for the firm’s buyout strategies. Commitments to the funds were secured from global investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices. Each fund significantly exceeded its target. Thoma Bravo Fund XVI and the Europe Fund were oversubscribed and achieved their hard caps and Thoma Bravo Discover V experienced an over 30% increase in commitments from its prior vintage.

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The Kirkland team included investment funds lawyers Katie St. Peters, Amy Fox, Nathan Jimenez, Ed Kirby, Adam Parks, Mike Pergler, Eric Scharphorn, Luke Scott, Laura Stake, Jordan Keeton and Jordyn Sindt; investment funds regulatory lawyers Josh Westerholm and Jina Yun; and tax lawyers Dan Meehan, Andrew Chan and Mike Greenberg.