From Yahoo Finance: 2025-06-04 06:30:00

Private equity industry is in turmoil as winners like Thoma Bravo raise a massive $34.4 billion, defying a slump. With $1.2 trillion in dry powder and a record 29,000 companies under control, PE faces challenges with exits as M&A and IPO markets stall, impacting returns and investor confidence.

Thoma Bravo’s success in raising $34.4 billion across three funds, including a $24.3 billion main buyout fund, stands out in a declining global PE fundraising environment. With PE returns lagging behind the S&P 500 and exits becoming scarce, the industry is facing a significant reversal in its performance and investor outlook.

Read more: Thoma Bravo’s $34B Win Leaves PE Rivals Choking on Exhaust Fumes