Thoma Cressey
 |
|
| Private Ownership, Limited liability company | |
| Industry | Private Equity |
| Founded | 1998 |
| Founder | Carl Thoma, Bryan Cressey |
| Headquarters |
Chicago, Illinois, United States San Francisco, California, United States |
| Products | Investments, private equity funds |
| Total assets | $1.5 billion |
|
Number of employees
|
20+ |
| Website | www.tcb.com |
Thoma Bravo, formerly Thoma Cressey Bravo and Thoma Cressey Equity Partners, is an American private equity and growth capital firm based in Chicago and San Francisco. As of 2008[update], the firm has raised more than $1.5 billion in investor commitments.
The firm principally invests in high-growth industries, including health care and software.
Thoma Bravo invests through a series of private limited partnerships and its investors include a variety of pension funds, endowments and other institutional investors. Following its separation from GTCR (discussed below), Thoma Cressey raised three private equity funds:
Thoma Cressey Equity Partners, which was renamed Thoma Cressey Bravo to reflect the growing role of partner Orlando Bravo, was founded in 1998 following the separation of Golder Thoma Cressey Rauner (GTCR), a large Chicago-based private equity firm.
The firm's earliest predecessor Golder Thoma & Co. was founded in 1980 by Stanley Golder and Carl Thoma. In the 1970s, Golder built the private equity program at First Chicago Corp. where he is noted primarily for backing Federal Express and for efforts as chairman of the National Venture Capital Association and the National Association of Small Business Investment Companies to change federal laws allowing pensions to invest in private equity. Golder Thoma received much of its initial funding from William M. Blair and upon leaving First Chicago, Golder was replaced by John Canning, Jr. who would go on to found rival Chicago private equity firm Madison Dearborn.
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