Thoma Bravo, a software investment firm, has completed fundraising for Thoma Bravo Fund XV, a $24.3 billion fund, Thoma Bravo Discover Fund IV, a $6.2 billion fund and Thoma Bravo Explore Fund II, a $1.8 billion fund, totaling over $32.4 billion in capital commitments.

Each fund surpassed its target. Thoma Bravo Fund XV will target large equity investments, Thoma Bravo Discover Fund IV will target middle-market equity investments and Thoma Bravo Explore Fund II will target lower-middle-market equity investments. Investments in all of the funds aim to advance Thoma Bravo’s strategy of applying operational and sector experience to investments across healthcare IT, security, financial technology, infrastructure and applications.

“We are energized by our investors’ strong support of the largest fundraise in Thoma Bravo’s history, and of the largest tech fund ever raised, all against the backdrop of a challenging economic and geopolitical environment,” says Jennifer James, managing director, chief operating officer and head of investor relations and marketing at Thoma Bravo.

Kirkland & Ellis served as legal advisor for the funds.