Thoma Bravo LLC has closed its most recent fund, Thoma Bravo Fund XII, at a hard cap of $7.6 billion. The Thoma Bravo Fund XII allows for the Chicago and San Francisco-based private equity firm to pursue software and technology investments of “almost any size.”

The fund was “significantly oversubscribed,” according to the firm. The Fund XII will be invested with Thoma Bravo’s “buy and build” strategy , which involves working with the existing company’s leadership to make operational improvements, invest in growth opportunities, and make additive acquisitions.

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