DFX Intelligence
Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
Fund
Thoma Bravo Discover Fund III, L.P.
private equity fund pagevintage 2021
Public LPs
5
distinct allocators on the tape
Rows
6
across successive reports
Disclosed commitments
$220M
LP amounts, repeats across reports
Latest
Dec 31, 2025
effective date
Limited partners
5 allocators
One line per allocator, folded across every filing, report and board record that names this vehicle, so an allocator that reported the same commitment in eight annual filings counts once. A line is closed only when a closing date exists; held means the allocator reports the position with no closing date on this graph. The dollars are what the allocators that print a number disclosed (3 of 5), never a fund size.
| Allocator | Disclosed | State | Approved | Closed | Reported |
|---|---|---|---|---|---|
| California State Teachers' Retirement System | $100M | held | - | - | Jun 30, 2025 |
| Washington State Investment Board | $100M | closed | - | Jun 11, 2021 | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System | $20.0M | closed | - | May 27, 2020 | Dec 31, 2025 |
| Bravo Family Charitable Foundation | n/a | held | - | - | Dec 31, 2024 |
| Room to Breathe Project | n/a | held | - | - | Dec 31, 2024 |
Every row
6 rows
| Date | Allocator | Fund | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2025 | Los Angeles City Employees' Retirement System | Thoma Bravo Discover Fund III | Private equity | n/a | 2020 | Disclosed holding | lacers.org |
| as of Jun 30, 2025 | California State Teachers' Retirement System | Thoma Bravo Discover Fund III, L.P. | Private equity | $100M | 2021 | Disclosed holding | calstrs.com |
| as of Dec 31, 2024 | Room to Breathe Project | THOMA BRAVO DISCOVER FUND III, L.P. | Private equity | $1.5M held | Disclosed holding | apps.irs.gov | |
| as of Dec 31, 2024 | Bravo Family Charitable Foundation | THOMA BRAVO DISCOVER FUND III, LP | Private equity | $2.2M held | Disclosed holding | apps.irs.gov | |
| Jun 11, 2021 | Washington State Investment Board | Thoma Bravo Discover Fund III, L.P. | Private equity | $100M | 2021 | Disclosed holding | sib.wa.gov |
| May 27, 2020 | Los Angeles City Employees' Retirement System | Thoma Bravo Discover Fund III | Private equity | $20.0M | 2020 | Committed (dated)re-up | lacers.org |
What changed
No dated events.