When nothing is normal –
innovation, adaptability
and resiliency are essential.
In 2020, Thoma Bravo
was there with collaborative
partnerships, a focused
approach and strategic
foresight.

Though 2020 was undoubtedly a challenging year for most around the world, we would like to take a moment to celebrate some of the accomplishments at Thoma Bravo and within our portfolio over the past year.

2020 proved to be a defining test of our consistent investment theses that software, and in particular enterprise software, offers growth and resiliency in varying economic cycles. Software proved to be essential for businesses during the pandemic, and software provided necessary solutions for many companies and industries as they transitioned to remote work. As digital transformation accelerated during the pandemic, companies continued to invest in the automation of business processes, buoying the software sector. In turn, this digital acceleration created a need for security software now more than ever.

Our investment team, operating partners and advisors, and portfolio company management teams were as solutions-oriented, innovative and active as we have ever seen. This focus resulted in the completion of 58 transactions on the buy and sell side that represented $30 billion in combined enterprise value. By providing mission-critical, sticky solutions with recurring revenue streams, high retention rates and low customer concentration, many of our portfolio companies outperformed expectations during this year of uncertainty. Not only have these companies executed on business objectives, but they have also contributed amazing technology and resources to various sectors and communities to support an evolving COVID-19 landscape. We encourage you to review these contributions in the video titled “Our Portfolio Companies Giving Back to the Community.”

In October, we announced the completion of fundraising for three equity funds totaling more than $22.8 billion in capital commitments. We are humbled and grateful for the overwhelming support from existing and new limited partners and are excited to continue to execute on our proven investment strategy.

In December, we announced our intent to acquire RealPage, a leading global provider of software and data analytics to the real estate industry. Valued at approximately $10.2 billion, RealPage will represent Thoma Bravo’s largest investment to date. We are excited to partner with the RealPage leadership team and apply Thoma Bravo’s proven operational and investment expertise to drive growth at the company.

We ended the year with over $12 billion in sale transactions and other events across the Thoma Bravo Equity Platform. This represents a record year for us and includes the $11 billion sale of Ellie Mae, the largest private equity-backed, non-IPO sale of an enterprise software company.

While we continue to prioritize the health and well-being of our employees and business partners and are grateful for the ability to work remotely, we truly hope to start seeing many of you in person again soon. We look to 2021 with fond anticipation and hope and wish you all a very happy and healthy new year!