US private equity firm Thoma Bravo has promoted two staff to managing partner following eight years at the firm.
Seth Boro and Holden Spaht both joined the firm in 2005 as vice presidents, and have worked their way up to join existing managing partners Orlando Bravo, Scott Crabill, Lee Mitchell and Carl Thoma.
Bravo said, “Over their eight-plus years with the firm, Seth and Holden have proven to be tremendous investment professionals.
“Seth has been instrumental in guiding the firm into very rewarding areas for our investors and has led some of our most meaningful transactions.
“Holden has shown incredible investment judgment and has demonstrated exceptional skill in building and growing a portfolio of profitable companies.”
Thoma added, “Seth and Holden have contributed greatly to identifying, completing and managing many of our most successful investments.
“Their expertise and success, particularly in the software and technology sectors, have helped produce some of the most successful funds in our firm’s history, and we’re confident this promotion will help us continue to produce strong returns for our investors.”
Thoma Bravo gathered $1.25bn for its latest buyout fund in February last year.
The firm said Thoma Bravo Fund X would continue the firm’s buy and build strategy in consolidating industries with a focus on enterprise and infrastructure software and financial and business services.
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