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.

Manager

Thoma Bravo

private equity profile
Public LPs on the tape
18
distinct allocators disclosing a fund
Commitment rows
95
15 dated closings
Disclosed commitments
$12B
sum of the LPs' own amounts; repeats across reports
Re-ups / new
10 / 1
the plans' own words
Corporate plans
0
Schedule C investment manager rows
Who backs this manager
18 allocators
AllocatorRowsRe-upsDisclosed $BucketsFirstLatest
Los Angeles City Employees' Retirement System193$310MPrivate equityMay 27, 2020Dec 31, 2025
New York State Common Retirement Fundnew relationship147$4.0BPrivate equityApr 27, 2016May 28, 2025
California State Teachers' Retirement System130$2.1BPrivate equityJun 30, 2025Jun 30, 2025
Bravo Family Charitable Foundation70Private equityDec 31, 2024Dec 31, 2024
Washington State Investment Board60$1.3BPrivate equityApr 15, 2021Dec 23, 2025
California Public Employees' Retirement System50$2.4BPrivate equityDec 31, 2025Dec 31, 2025
Minnesota State Board of Investment50$625MPrivate equityJun 30, 2026Jun 30, 2026
Alaska Permanent Fund Corporation40$100MPrivate equityDec 31, 2025Dec 31, 2025
Room to Breathe Project40Private equityDec 31, 2024Dec 31, 2024
Spaht Family Foundation40Private equityDec 31, 2024Dec 31, 2024
Crabill Family Foundation40Private equityDec 31, 2024Dec 31, 2024
Oregon Public Employees Retirement Fund30$750MPrivate equityMar 31, 2026Mar 31, 2026
Colorado Public Employees' Retirement Association20$130MPrivate equityDec 31, 2025Dec 31, 2025
Massachusetts Pension Reserves Investment Management Board10Private equityJun 30, 2025Jun 30, 2025
Teachers' Retirement System of the State of Illinois10Private equityJun 2, 2025Jun 2, 2025
MAX M & Marjorie S Fisher Foundation Inc10Private equityDec 31, 2024Dec 31, 2024
Thornburg Foundation10Private equityDec 31, 2024Dec 31, 2024
Colorado Trust10Private equityDec 31, 2024Dec 31, 2024
Funds on the tape
29 vehicles
Commitment rows
95 rows
DateAllocatorFundBucketAmountVintageStatusSource
as of Jun 30, 2026Minnesota State Board of InvestmentThoma Bravo Fund XIVPrivate equity$150M2020Disclosed holdingmsbi.us
as of Jun 30, 2026Minnesota State Board of InvestmentThoma Bravo Fund XVIPrivate equity$150M2024Disclosed holdingmsbi.us
as of Jun 30, 2026Minnesota State Board of InvestmentThoma Bravo Fund XIII, L.P.Private equity$150M2018Disclosed holdingmsbi.us
as of Jun 30, 2026Minnesota State Board of InvestmentThoma Bravo Fund XV LPPrivate equity$100M2021Disclosed holdingmsbi.us
as of Jun 30, 2026Minnesota State Board of InvestmentThoma Bravo Fund XII, L.P.Private equity$75.0M2016Disclosed holdingmsbi.us
as of Mar 31, 2026Oregon Public Employees Retirement FundThoma Bravo Fund XVPrivate equity$250M2022Disclosed holdingoregon.gov
as of Mar 31, 2026Oregon Public Employees Retirement FundThoma Bravo Fund XIVPrivate equity$250M2021Disclosed holdingoregon.gov
as of Mar 31, 2026Oregon Public Employees Retirement FundThoma Bravo Fund XVIPrivate equity$250M2025Disclosed holdingoregon.gov
as of Dec 31, 2025California Public Employees' Retirement SystemProject Quail Opportunities, L.P.Private equity$1.0B2022Disclosed holdingcalpers.ca.gov
as of Dec 31, 2025California Public Employees' Retirement SystemThoma Bravo Fund XIV, L.P.Private equity$600M2021Disclosed holdingcalpers.ca.gov
as of Dec 31, 2025California Public Employees' Retirement SystemThoma Bravo Fund XVI, L.P.Private equity$350M2025Disclosed holdingcalpers.ca.gov
as of Dec 31, 2025California Public Employees' Retirement SystemThoma Bravo Fund XV, L.P.Private equity$348M2022Disclosed holdingcalpers.ca.gov
as of Dec 31, 2025California Public Employees' Retirement SystemThoma Bravo Europe Fund, L.P.Private equity$114M2025Disclosed holdingcalpers.ca.gov
as of Dec 31, 2025Colorado Public Employees' Retirement AssociationThoma Bravo Fund XVI, L.P.Private equity$100M2025Disclosed holdingcontent.copera.org
as of Dec 31, 2025Alaska Permanent Fund CorporationThoma Bravo Fund XII LPPrivate equity$40.0M2016Disclosed holdingapfc.org
as of Dec 31, 2025Alaska Permanent Fund CorporationThoma Bravo Fund XIII LPPrivate equity$40.0M2019Disclosed holdingapfc.org
as of Dec 31, 2025Colorado Public Employees' Retirement AssociationThoma Bravo Discover Fund V, L.P.Private equity$30.0M2025Disclosed holdingcontent.copera.org
as of Dec 31, 2025Alaska Permanent Fund CorporationThoma Bravo Discover Fund III LP and Thoma Bravo Discover Fund III-P LPPrivate equity$10.0M2021Disclosed holdingapfc.org
as of Dec 31, 2025Alaska Permanent Fund CorporationThoma Bravo Fund XIV LPPrivate equity$10.0M2021Disclosed holdingapfc.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Fund XIIPrivate equityn/a2016Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Fund XIIIPrivate equityn/a2018Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Fund XIVPrivate equityn/a2021Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Fund XVPrivate equityn/a2022Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Fund XVIPrivate equityn/a2024Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Special Opportunities Fund IIPrivate equityn/a2015Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Discover Fund IIPrivate equityn/a2018Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Discover Fund IIIPrivate equityn/a2020Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Discover Fund IVPrivate equityn/a2022Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Discover Fund V LPPrivate equityn/a2024Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Explore FundPrivate equityn/a2020Disclosed holdinglacers.org
as of Dec 31, 2025Los Angeles City Employees' Retirement SystemThoma Bravo Fund XIPrivate equityn/a2014Disclosed holdinglacers.org
Dec 23, 2025Washington State Investment BoardThoma Bravo Fund XVI, L.P.Private equity$400M2025Disclosed holdingsib.wa.gov
Oct 8, 2025Washington State Investment BoardThoma Bravo Discover Fund V, L.P.Private equity$200M2025Disclosed holdingsib.wa.gov
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Fund XIVPrivate equity$300M2021Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Fund XIII, L.P.Private equity$300M2019Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Fund XV, L.P.Private equity$300M2022Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Fund XVI LPPrivate equity$250M2025Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Fund XII, L.P.Private equity$250M2016Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Discover Fund VPrivate equity$150M2025Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Discover Fund II, L.P.Private equity$100M2018Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Discover IVPrivate equity$100M2022Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Discover Fund III, L.P.Private equity$100M2021Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Fund XPrivate equity$100M2012Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Fund XIPrivate equity$75.0M2014Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Special Opportunities Fund II, L.P.Private equity$35.0M2015Disclosed holdingcalstrs.com
as of Jun 30, 2025California State Teachers' Retirement SystemThoma Bravo Special Opps Fund I, L.P.Private equity$31.4M2013Disclosed holdingcalstrs.com
as of Jun 30, 2025Massachusetts Pension Reserves Investment Management BoardThoma Bravo, LLCPrivate equityn/aDisclosed holdingmapension.com
as of Jun 2, 2025Teachers' Retirement System of the State of IllinoisThoma BravoPrivate equityn/aDisclosed holdingtrsil.org
May 28, 2025New York State Common Retirement FundThoma Bravo Fund XVI, L.P.Private equity$300M2025Committed (dated)re-uposc.ny.gov
May 28, 2025New York State Common Retirement FundThoma Bravo Discover Fund V, L.P.Private equity$100M2025Committed (dated)re-uposc.ny.gov
as of Mar 31, 2025New York State Common Retirement FundThoma Bravo Fund XV, LPPrivate equity$400M2022Disclosed holdingosc.ny.gov
as of Mar 31, 2025New York State Common Retirement FundThoma Bravo Fund XIV, LPPrivate equity$400M2020Disclosed holdingosc.ny.gov
as of Mar 31, 2025New York State Common Retirement FundThoma Bravo Fund XII, LPPrivate equity$400M2016Disclosed holdingosc.ny.gov
as of Mar 31, 2025New York State Common Retirement FundThoma Bravo XIII, LPPrivate equity$400M2018Disclosed holdingosc.ny.gov
as of Mar 31, 2025New York State Common Retirement FundThoma Bravo Discover Fund IV, LPPrivate equity$100M2022Disclosed holdingosc.ny.gov
as of Mar 31, 2025New York State Common Retirement FundThoma Bravo Growth Fund, LPPrivate equity$100M2022Disclosed holdingosc.ny.gov
as of Dec 31, 2024Bravo Family Charitable FoundationTHOMA BRAVO FUND XV, L.P.Private equity$5.4M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Room to Breathe ProjectTHOMA BRAVO FUND XIV, L.P.Private equity$1.2M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024MAX M & Marjorie S Fisher Foundation IncTHOMA BRAVO FUND XIIIPrivate equity$7.6M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Spaht Family FoundationTHOMA BRAVO EXPLORE FUNDPrivate equity$1.8M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Room to Breathe ProjectTHOMA BRAVO DISCOVER FUND III, L.P.Private equity$1.5M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Bravo Family Charitable FoundationTHOMA BRAVO FUND XIV, L.P.Private equity$5.8M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Bravo Family Charitable FoundationTHOMA BRAVO EXPLORE FUND, L.P.Private equity$4.5M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Spaht Family FoundationTHOMA BRAVO GROWTH FUND APrivate equity$590,187 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Thornburg FoundationTHOMA BRAVO GROWTH FUND A LPPrivate equity$555,187 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Bravo Family Charitable FoundationTHOMA BRAVO FUND XIII, L.P.Private equity$3.5M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Crabill Family FoundationTHOMA BRAVO FUND XIII, L.P.Private equity$3.5M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Colorado TrustTHOMA BRAVO FUND XIIIPrivate equity$7.6M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Room to Breathe ProjectTHOMA BRAVO EXPLORE FUND, L.P.Private equity$1.8M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Room to Breathe ProjectTHOMA BRAVO GROWTH FUND A, L.P.Private equity$590,187 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Crabill Family FoundationTHOMA BRAVO EXPLORE FUNDPrivate equity$1.8M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Crabill Family FoundationTHOMA BRAVO GROWTH FUND APrivate equity$590,187 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Crabill Family FoundationTHOMA BRAVO FUND XIVPrivate equity$2.3M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Spaht Family FoundationTHOMA BRAVO FUND XIII, L.P.Private equity$2.1M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Bravo Family Charitable FoundationTHOMA BRAVO DISCOVER FUND III, LPPrivate equity$2.2M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Bravo Family Charitable FoundationTHOMA BRAVO DISCOVER FUND IV, L.P.Private equity$2.3M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Bravo Family Charitable FoundationTHOMA BRAVO GROWTH FUND A, L.P.Private equity$590,186 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024Spaht Family FoundationTHOMA BRAVO FUND XIVPrivate equity$5.8M heldDisclosed holdingapps.irs.gov
May 31, 2024Los Angeles City Employees' Retirement SystemThoma Bravo Fund XVIPrivate equity$65.0M2024Committed (dated)re-uplacers.org
May 31, 2024Los Angeles City Employees' Retirement SystemThoma Bravo Discover Fund V LPPrivate equity$60.0M2024Committed (dated)re-uplacers.org
Dec 8, 2022Washington State Investment BoardThoma Bravo Discover Fund IV, L.P.Private equity$200M2022Disclosed holdingsib.wa.gov
Jun 10, 2022Washington State Investment BoardThoma Bravo Fund XV, L.P.Private equity$200M2022Disclosed holdingsib.wa.gov
Mar 10, 2022New York State Common Retirement FundThoma Bravo Fund XV, L.P.Private equity$400M2022Committed (dated)re-uposc.ny.gov
Mar 10, 2022New York State Common Retirement FundThoma Bravo Discover Fund IV, L.P.Private equity$100M2022Committed (dated)re-uposc.ny.gov
Mar 10, 2022New York State Common Retirement FundThoma Bravo Growth Fund, L.P.Private equity$100M2022Committed (dated)re-uposc.ny.gov
Jan 31, 2022Los Angeles City Employees' Retirement SystemThoma Bravo Fund XV LPPrivate equity$80.0M2022Committed (dated)lacers.org
Jan 31, 2022Los Angeles City Employees' Retirement SystemThoma Bravo Discover Fund IV LPPrivate equity$45.0M2022Committed (dated)lacers.org
Jun 11, 2021Washington State Investment BoardThoma Bravo Discover Fund III, L.P.Private equity$100M2021Disclosed holdingsib.wa.gov
Apr 15, 2021Washington State Investment BoardThoma Bravo Fund XIV, L.P.Private equity$200M2021Disclosed holdingsib.wa.gov
Oct 23, 2020New York State Common Retirement FundThoma Bravo Fund XIV, L.P.Private equity$400M2020Committed (dated)re-uposc.ny.gov
May 27, 2020Los Angeles City Employees' Retirement SystemThoma Bravo Fund XIVPrivate equity$30.0M2020Committed (dated)lacers.org
May 27, 2020Los Angeles City Employees' Retirement SystemThoma Bravo Discover Fund IIIPrivate equity$20.0M2020Committed (dated)re-uplacers.org
May 27, 2020Los Angeles City Employees' Retirement SystemThoma Bravo Explore Fund IPrivate equity$10.0M2020Committed (dated)lacers.org
Dec 7, 2018New York State Common Retirement FundThoma Bravo Fund XIII, L. P.Private equity$400M2018Committed (dated)re-uposc.ny.gov
Apr 27, 2016New York State Common Retirement FundThoma Bravo Fund XII, L. P.Private equity$400M2016Committed (dated)new managerosc.ny.gov
What changed