Thoma Bravo is closing its growth equity strategy less than five years after launching it, as the software-focused investor shifts its attention back toward its core buyout model of taking controlling stakes in established companies, according to a report by Bloomberg, citing unnamed people familiar with the matter. The firm introduced its growth equity platform in 2021 to invest in minority positions across public and private software businesses, including companies such as HubSync and Alation. However, the strategy has struggled to align with Thoma Bravo’s broader operational approach, which is built around active control and hands-on management of portfolio companies.
Read the full article: Thoma Bravo to Wind Down Growth Equity Arm and Refocus on Buyouts //
Source: https://www.privateequitywire.co.uk/thoma-bravo-to-wind-down-growth-equity-arm-and-refocus-on-buyouts/