Bloomberg Talks Thoma Bravo Co-Founder and Managing Partner Orlando Bravo
19 snips
Oct 8, 2025 
Orlando Bravo, co-founder and managing partner of Thoma Bravo, shares insights from his journey in private equity, highlighting his transition from banking to tech investing. He discusses the impact of AI on the software industry, arguing it will enhance, not replace, software capabilities. Bravo also explores the current shakeout in private equity, emphasizing the importance of operational efficiency and the necessity for firms to sell companies for long-term success. His commitment to Puerto Rico through his foundation underscores a focus on creating opportunities for the community.
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From Puerto Rico To Tech Private Equity
- Orlando Bravo recounts starting in Morgan Stanley's Latin America M&A group and gravitating to tech in the early 1990s.
- He credits luck and mentorship for the opportunity to join Thoma Bravo and open a San Francisco office.
Focus On Business Over Market Noise
- Focus on the business fundamentals and ignore market noise during bubbles or hype cycles.
- Enterprise software survived the dot-com bust because operators looked at customer retention and unit economics.
AI Amplifies Software TAM
- AI complements software and expands total addressable markets by enabling new agentic solutions.
- Adoption will be evolutionary, increasing use cases and customer engagement over time.