| Revision as of 01:40, 29 June 2015 edit71.23.178.214 (talk) Undid revision 669124343 by 71.23.178.214 (talk) the article is confused← Previous edit | Revision as of 18:08, 10 January 2016 edit undoMartinZ (talk | contribs)Extended confirmed users, Pending changes reviewers, Rollbackers3,195 edits merge content to Thoma Cressey BravoNext edit → | ||
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| {{Infobox company | |||
| |name = Thoma Cressey Bravo | |||
| |logo = ] | |||
| |type = ] Ownership, ] | |||
| |foundation = 1998 | |||
| |founder = Carl Thoma, Bryan Cressey | |||
| |location = ], ], ]<br>], ], United States | |||
| |industry = ] | |||
| |products = ], ]s | |||
| |assets = $1.5 billion | |||
| |homepage = | |||
| |num_employees = 20+| | |||
| }} | |||
| ] | |||
| '''Thoma Cressey Bravo''', formerly '''Thoma Cressey Equity Partners''', is an American ] and ] firm based in ] and ]. {{As of|2008}}, the firm has raised more than $1.5 billion in investor commitments. | |||
| The firm principally invests in high-growth industries, including ] and ]. | |||
| Thoma Cressey invests through a series of private ] and its investors include a variety of ], ] and other ]. Following its separation from ] (discussed below), Thoma Cressey has raised three ]s: | |||
| * 1998 — Fund VI, ($450 million) | |||
| * 2001 — Fund VII ($555 million) | |||
| * 2006 — Fund VIII ($765 million) | |||
| ==History== | |||
| 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 ] (GTCR), a large Chicago-based private equity firm. | |||
| The firm's earliest predecessor Golder Thoma & Co. was founded in 1980 by ] and Carl Thoma. In the 1970s, Golder built the private equity program at ]<ref>Today part of ] through its acquisition of ]</ref> where he is noted primarily for backing ] and for efforts as chairman of the ] and the National Association of ] to change federal laws allowing pensions to invest in private equity.<ref>In 1978, the US Labor Department relaxed certain of the ERISA restrictions, under the "prudent man rule," a fiduciary responsibility of investment managers under ERISA. Under the original application, each investment was expected to adhere to risk standards on its own merits, limiting the ability of investment managers to make any investments deemed potentially risky. Under the revised 1978 interpretation, the concept of portfolio diversification of risk, measuring risk at the aggregate portfolio level rather than the investment level to satisfy fiduciary standards would also be accepted.</ref><ref>. Buyouts, January 24, 2000. A cached version of the article can be found </ref> Golder Thoma received much of its initial funding from ] and upon leaving First Chicago, Golder was replaced by ] who would go on to found rival Chicago private equity firm ]. | |||
| In 1984, after recruiting Bryan Cressey to join the firm from ], the firm's name was changed to Golder Thoma Cressey and with the promotion of ] to partner the firm would come to be known as Golder, Thoma, Cressey, Rauner, Inc. (GTCR), although it would still often be referred to as Golder Thoma.<ref name=donor>, a donor profile at the ] website</ref> | |||
| In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. split into two private equity firms. Both firms continue to invest primarily through consolidations of specific industries, referred to as ]: | |||
| * '''Thoma Cressey Equity Partners''', (Carl Thoma and Bryan Cressey) based in ] and ]. Thoma Cressey would be renamed Thoma Chressey Bravo to reflect the growing role of partner Orlando Bravo. | |||
| *''']''', (] and ]), the $8 billion private equity firm, based in ], commonly referred to as GTCR. GTCR founder ] died in 2000 and today the firm is led by Bruce Rauner along with several partners (David Donnini, Ned Jannotta, et al.). | |||
| In 2008, Bryan Cressey left Thoma Cressey Bravo with several investment professionals to form Cressey & Co. a small healthcare focused private equity firm.<ref>, '']'', September, 2004 by Steve Daniels</ref><ref>"." Buyouts, June 23, 2008</ref> | |||
| Thoma Cressey Bravo became Thoma Bravo after Cressey’s departure, led by managing partners Carl Thoma, Orlando Bravo, Lee Mitchell and Scott Crabill. The firm closed its 9th fund in March 2009 with $822.5 million.<ref> Bloomberg, March 16, 2009</ref> | |||
| ==External links== | |||
| * (official website) | |||
| * (official website) | |||
| ==References== | |||
| {{reflist}} | |||
| {{Private equity firms}} | |||
| ] | |||
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