DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Thoma Bravo

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 157041SEC 801-73780websiteIAPD
Legal name Thoma Bravo, L.P.
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 45 filings
SEC status approved since Mar 29, 2012
RAUM
$183B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
246
89 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
151
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$183B as of Mar 31, 2026
Mar 27, 2013$2.4B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 27, 20130 then
Employees (5.A)246 as of Mar 31, 2026
Mar 27, 201330 then
Private funds151 as of Mar 31, 2026
Mar 27, 20134 then
RAUM +20% over the last fiscal year+15% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.2BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived7 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
otherreportedItem 5.G
Custody
$183B, 153 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$183B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
153reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$183B for 153 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=18.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      118 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Thoma Bravo Fund Xv-A, L.P.Private Equity Fund$17B317Mar 31, 2023
      Thoma Bravo Fund Xiv-A, L.P.Private Equity Fund$11B224Mar 31, 2021
      Thoma Bravo Fund Xv, L.P.Private Equity Fund$9.2B207Mar 31, 2023
      Thoma Bravo Fund Xiii-A, L.P.Private Equity Fund$9.0B170Mar 31, 2019
      Thoma Bravo Fund Xiii, L.P.Private Equity Fund$8.5B183Mar 31, 2019
      Thoma Bravo Fund Xiv, L.P.Private Equity Fund$8.0B186Mar 31, 2021
      Proofpoint Co-Invest Fund, L.P.Private Equity Fund$6.1B128Mar 31, 2022
      Thoma Bravo Fund Xii, L.P.Private Equity Fund$4.4B138Mar 30, 2016
      Project Alpine Co-Invest Fund, L.P.Private Equity Fund$4.3B128Mar 31, 2023
      Thoma Bravo Fund Xii-A, L.P.Private Equity Fund$3.9B76Mar 30, 2016
      Thoma Bravo Discover Fund IV, L.P.Private Equity Fund$3.5B157Mar 31, 2023
      Thoma Bravo Fund Xi, L.P.Private Equity Fund$3.1B104Jul 22, 2014
      Thoma Bravo Credit Fund II, L.P.Hedge Fund$2.9B236Nov 26, 2019
      Project Cs Co-Invest Fund, L.P.Private Equity Fund$2.9B74Mar 28, 2024
      Thoma Bravo Discover Fund II, L.P.Private Equity Fund$2.4B82Mar 30, 2018
      Thoma Bravo Discover Fund IV-A, L.P.Private Equity Fund$2.3B139Mar 31, 2023
      Project Hotel California Co-Invest Fund, L.P.Private Equity Fund$2.2B57Mar 31, 2023
      Thoma Bravo Discover Fund III, L.P.Private Equity Fund$2.0B128Mar 31, 2021
      Thoma Bravo Fund Xii Global, L.P.Private Equity Fund$2.0B138Mar 28, 2017
      Thoma Bravo Fund Xiii-A Global, L.P.Private Equity Fund$1.8B170Mar 31, 2021
      Thoma Bravo Fund Xii-A Global, L.P.Private Equity Fund$1.8B76Mar 28, 2017
      Project Metal Co-Invest Fund, L.P.Private Equity Fund$1.7B71Mar 31, 2022
      Thoma Bravo Fund Xiii Global, L.P.Private Equity Fund$1.6B183Mar 31, 2021
      Thoma Bravo Fund Xi-A, L.P.Private Equity Fund$1.6B58Jul 22, 2014
      Thoma Bravo Discover Fund III-A, L.P.Private Equity Fund$1.5B94Mar 31, 2021
      Project Rock Co-Invest Fund, L.P.Private Equity Fund$1.5B68Mar 28, 2024
      Project Stream Co-Invest Fund, L.P.Private Equity Fund$1.4B90Mar 31, 2022
      Thoma Bravo Explore Fund II, L.P.Private Equity Fund$1.2B70Mar 31, 2023
      Thoma Bravo Growth Fund A, L.P.Private Equity Fund$1.1B38Mar 31, 2022
      Thoma Bravo Credit Fund I, L.P.Hedge Fund$1.1B92Mar 30, 2018
      Thoma Bravo Special Opportunities Fund II, L.P.Private Equity Fund$1.0B45Mar 30, 2016
      Thoma Bravo Explore Fund, L.P.Private Equity Fund$1.0B71Mar 31, 2021
      Thoma Bravo Discover Fund II-A, L.P.Private Equity Fund$1.0B45Mar 30, 2018
      Thoma Bravo Fund Xiv-A Global, L.P.Private Equity Fund$930M218Mar 31, 2022
      Thoma Bravo Discover Fund II Global, L.P.Private Equity Fund$840M82Aug 28, 2019
      Project Mirasol Co-Invest Fund, L.P.Private Equity Fund$796M53Mar 31, 2022
      Thoma Bravo Discover Fund III-P, L.P.Private Equity Fund$773M128Mar 31, 2021
      Thoma Bravo Discover Fund, L.P.Private Equity Fund$704M72Mar 30, 2016
      Thoma Bravo Fund Xiv Global, L.P.Private Equity Fund$666M186Mar 31, 2022
      Project Quail Opportunities, L.P.Private Equity Fund$625M2Mar 31, 2023
      All funds of Thoma Bravo
      Owners and control persons
      Schedule A and B, latest filing
      • Joseph Seth Boro · Managing Partner / Limited Partnercontrol
        since 06/2014 · owns 10% to 25%
      • Nmn Orlando Bravo · Managing Partner / Limited Partnercontrol
        since 03/2008 · owns 10% to 25%
      • Scott Samuel Crabill · Managing Partner / Limited Partnercontrol
        since 03/2008 · owns 10% to 25%
      • Mark Lee Mitchell · Managing Partner / Limited Partnercontrol
        since 03/2008 · owns 10% to 25%
      • Holden Paul Spaht · Managing Partner / Limited Partnercontrol
        since 06/2014 · owns 10% to 25%
      • Dee Carl Thoma · Managing Partner / Limited Partnercontrol
        since 03/2008 · owns 10% to 25%
      • James Jennifer Alper · Managing Director, Chief Operating Officer, Head Of Investor Relations & Marketing
        since 01/2021 · owns less than 5%
      • Thomas Gerald Nowak · Managing Director, Chief Administrative And Legal Officer
        since 01/2024 · owns less than 5%
      • Luella Coleman Amy Redenbaugh · Managing Director, Chief Financial Officer
        since 08/2008 · owns less than 5%
      • Anthony Steven Schwab · Senior Director, General Counsel And Chief Compliance Officer
        since 01/2024 · owns less than 5%
      Entity owners
      • Thoma Bravo Topco, LLC · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • Thoma Bravo Access Partners II, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Access Partners, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Capital Markets, LLC
        broker-dealery
      • Thoma Bravo Credit Partners I, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Credit Partners II, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover II Partners, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners Aiv, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners Global, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners II Aiv, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners II Global, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners III Global, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners III-P, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners III, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners IV Global, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners IV-P, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners IV, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners V Global, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners V-B S.A.R.L.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners V-P, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners V, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Discover Partners, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Europe Partners, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Explore Partners Global, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Explore Partners II-P, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Explore Partners II, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Explore Partners P, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Explore Partners, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Growth Partners P, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Growth Partners, L.P.
        pooled vehicle sponsorn
      • Thoma Bravo Oasis Partners P, L.P.
        pooled vehicle sponsorn
      Advisers that list Thoma Bravo as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • San Francisco, CA44 employees
      • Miami, FL43 employees
      • London, United Kingdom5 employees
      • Dallas, TX1 employees
      • New York, NY1 employees
      • Difc, Dubai, United Arab Emirates
      What changed
      consecutive filings, newest first
      • Accounts · 123 to 153
        Mar 28, 2025 to Mar 31, 2026
      • Advisory employees · 93 to 89
        Mar 28, 2025 to Mar 31, 2026
      • BD registered reps · 15 to 18
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 123 to 153
        Mar 28, 2025 to Mar 31, 2026
      • Assets in custody · $152B to $183B
        Mar 28, 2025 to Mar 31, 2026
      • Employees · 223 to 246
        Mar 28, 2025 to Mar 31, 2026
      • Private funds · 122 to 151
        Mar 28, 2025 to Mar 31, 2026
      • Discretionary RAUM · $152B to $183B
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $152B to $183B
        Mar 28, 2025 to Mar 31, 2026
      • RAUM · $152B to $183B
        Mar 28, 2025 to Mar 31, 2026
      • Accounts · 116 to 123
        Feb 27, 2025 to Mar 28, 2025
      • Advisory employees · 95 to 93
        Feb 27, 2025 to Mar 28, 2025
      • BD registered reps · 17 to 15
        Feb 27, 2025 to Mar 28, 2025
      • Pooled vehicle clients · 116 to 123
        Feb 27, 2025 to Mar 28, 2025
      • Assets in custody · $138B to $152B
        Feb 27, 2025 to Mar 28, 2025
      • Employees · 224 to 223
        Feb 27, 2025 to Mar 28, 2025
      • Financial planning clients · unset to
        Feb 27, 2025 to Mar 28, 2025
      • Private funds · 117 to 122
        Feb 27, 2025 to Mar 28, 2025
      • Discretionary RAUM · $138B to $152B
        Feb 27, 2025 to Mar 28, 2025
      • Pooled vehicle RAUM · $138B to $152B
        Feb 27, 2025 to Mar 28, 2025
      • RAUM · $138B to $152B
        Feb 27, 2025 to Mar 28, 2025
      • Private funds · 115 to 117
        Nov 25, 2024 to Feb 27, 2025
      • Accounts · 111 to 116
        Jan 31, 2024 to Mar 28, 2024
      • BD registered reps · 14 to 17
        Jan 31, 2024 to Mar 28, 2024
      • Pooled vehicle clients · 111 to 116
        Jan 31, 2024 to Mar 28, 2024
      • Assets in custody · $121B to $138B
        Jan 31, 2024 to Mar 28, 2024
      • Employees · 212 to 224
        Jan 31, 2024 to Mar 28, 2024
      • Other offices · 5 to 6
        Jan 31, 2024 to Mar 28, 2024
      • Private funds · 111 to 115
        Jan 31, 2024 to Mar 28, 2024
      • Discretionary RAUM · $121B to $138B
        Jan 31, 2024 to Mar 28, 2024
      • Pooled vehicle RAUM · $121B to $138B
        Jan 31, 2024 to Mar 28, 2024
      • RAUM · $121B to $138B
        Jan 31, 2024 to Mar 28, 2024
      • Accounts · 86 to 111
        Jan 25, 2023 to Mar 31, 2023
      • Advisory employees · 71 to 95
        Jan 25, 2023 to Mar 31, 2023
      • Pooled vehicle clients · 84 to 111
        Jan 25, 2023 to Mar 31, 2023
      • Assets in custody · $106B to $121B
        Jan 25, 2023 to Mar 31, 2023
      • Employees · 174 to 212
        Jan 25, 2023 to Mar 31, 2023
      • Other offices · 4 to 5
        Jan 25, 2023 to Mar 31, 2023
      • Private funds · 84 to 111
        Jan 25, 2023 to Mar 31, 2023
      • Discretionary RAUM · $106B to $121B
        Jan 25, 2023 to Mar 31, 2023
      Signals
      4 dated events
      • Thoma Bravo reported RAUM $105.8B, up 35% from $78.1B (2022-01-26 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Thoma Bravo reported RAUM $78.1B, up 73% from $45.0B (2020-12-11 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Thoma Bravo reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Mar 30, 2020 · Succession (Item 4) · fact
      • Thoma Bravo reported RAUM $36.1B, up 71% from $21.1B (2018-03-30 to 2019-03-31)
        Mar 31, 2019 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      • Thoma Bravo · Independent Sponsors
        shared crd · capital_provider
      • Thoma Bravo · Private Equity
        shared crd · organization
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/thoma-bravoreportedpublic record, Form ADV, Sep 18, 2026
      Website
      THOMABRAVO.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-254-3300reportedpublic record, Form ADV, Mar 31, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026