Carl Thoma

Person

Orlando Bravo's key mentor and the person who hired him into the private equity industry after he graduated from Stanford. He encouraged Bravo's initial exploration into tech and software investing.


First Mentioned

10/16/2025, 5:08:50 AM

Last Updated

10/16/2025, 5:10:09 AM

Research Retrieved

10/16/2025, 5:10:09 AM

Summary

Carl Thoma is a prominent American businessperson and private equity investor, best known as a co-founder and managing partner of Thoma Bravo, LP. Established in 2008 as the successor to Golder Thoma & Co. (co-founded by Thoma in 1980), Thoma Bravo has grown into a leading firm specializing in enterprise software acquisitions, managing over $130 billion in assets as of 2023. Thoma is recognized as a pioneer of the "buy-and-build" investment strategy, which is central to Thoma Bravo's success. He played a crucial mentorship role in the early career of Orlando Bravo, a fellow managing partner. Beyond his financial career, Thoma is actively involved in philanthropy, co-founding the Carl and Marilynn Thoma Foundation to support arts and education, and launching the Thoma Scholars program in 2024.

Referenced in 1 Document
Research Data
Extracted Attributes
  • Gender

    Male

  • Education

    BS, Accounting and Agriculture Economics, Oklahoma State University (1971)

  • Occupation

    Businessperson, Private Equity Investor

  • Current Role

    Founder and Managing Partner, Thoma Bravo

  • Date of Birth

    1949-01-01

  • Board Memberships

    McKnight Center for the Performing Arts, New Mexico School for the Arts, Riata Center for Entrepreneurship Advisory Board (OSU), OSU Museum of Art Advisory Board

  • Investment Strategy

    Pioneer of 'buy-and-build' or 'consolidation' strategy

  • Philanthropic Involvement

    Co-founder, Carl and Marilynn Thoma Foundation

Timeline
  • Born. (Source: Wikidata)

    1949-01-01

  • Graduated with a Bachelor of Science in Accounting and Agriculture Economics from Oklahoma State University. (Source: Web Search (Oklahoma State University))

    1971-XX-XX

  • Received an MBA from the Stanford Graduate School of Business. (Source: Web Search)

    1973-XX-XX

  • Co-founded Golder Thoma & Co. with Stanley Golder, pioneering the 'consolidation' or 'buy-and-build' investment strategy. (Source: Summary, Wikipedia)

    1980-XX-XX

  • The firm Golder Thoma & Co. changed its name to Golder Thoma Cressey after Bryan Cressey joined. (Source: Wikipedia)

    1984-XX-XX

  • Co-founded Thoma Bravo, LP, which succeeded Golder Thoma & Co. (Source: Wikipedia)

    2008-XX-XX

  • Served on the Oklahoma State University Presidential Search Committee. (Source: Web Search)

    2020-XX-XX

  • Thoma Bravo's assets under management exceeded $130 billion. (Source: Summary, Wikipedia)

    2023-XX-XX

  • Launched the Thoma Scholars program with his wife, Marilynn Thoma, offering full-ride scholarships to under-supported students. (Source: Web Search)

    2024-XX-XX

Thoma Bravo

Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago, Illinois. It is known for being particularly active in acquiring enterprise software companies and has over $130 billion in assets under management as of 2023. It is the successor to the firm Golder Thoma & Co., which was established in 1980 by Stanley Golder and Carl Thoma. Thoma Bravo is led by managing partners Seth Boro, Orlando Bravo, Scott Crabill, Lee Mitchell, Holden Spaht and Carl Thoma. The company focuses on the application, infrastructure and cybersecurity software and technology-enabled business service sectors, and uses a "consolidation" or "buy and build" investment strategy.

Web Search Results
  • Carl D. Thoma

    Carl D. Thoma is a Founder and Managing Partner at Thoma Bravo. Previously, he was a Co-Founder and Managing Director at Golder, Thoma, Cressey, Rauner and its predecessor funds since 1980. Carl began his career at First Chicago Equity Group, where he helped build a leading private equity firm. He is a recognized pioneer of the buy-and-build strategy that is the foundation of Thoma Bravo's strategy today. [...] Carl and his wife, Marilynn, are passionate about philanthropy and art collecting, which led them to form the Carl and Marilynn Thoma Foundation to support arts and education initiatives through art grants, scholarships, fellowships, and endowments. In 2024, they launched the Thoma Scholars program, which offers full-ride scholarships to under-supported students from Northwest Oklahoma, the Texas Panhandle and Eastern New Mexico. [...] Carl currently serves on the boards of the McKnight Center for the Performing Arts and New Mexico School for the Arts. He received an MBA from the Stanford Graduate School of Business and a BS in Accounting and Agriculture Economics from Oklahoma State University. Image 4: font-awesome_4-7-0_linkedin_30_0_535d66_none EDUCATION MBA, Stanford Graduate School of Business BS, Accounting, Agriculture Economics, Oklahoma State University PRIOR EXPERIENCE

  • Carl Thoma - Forbes

    A cofounder of private equity firm Thoma Bravo, Carl Thoma is one of the deans of the buyout business. A graduate of Oklahoma State University and

  • Carl Thoma - Thoma Bravo - LinkedIn

    # Carl Thoma Thoma Bravo Dallas, Texas, United States, US 500 connections, 1619 followers ## About Carl D<br><br> Thoma is a Founder and Managing Partner at Thoma Bravo<br><br> Previously, he was a… ## Experience N/A ## Education ### Stanford University Graduate School of Business N/A N/A - 1973 None ### N/A N/A N/A - 1970 None ## Publications N/A ## Honors & Awards N/A ## Certifications N/A ## Volunteering N/A ## Languages N/A ## Organizations N/A [...] - Join us in supporting this year’s SEO Scholars San Francisco Achievement Benefit on Thursday, November 7, where Carl Thoma will sit down with Orlando… Liked by Carl Thoma View Post Activity Image - The Thoma family believes in the future of small towns. It's why they created a scholarship to fuel and fund the Red Raider dream for students from… Liked by Carl Thoma View Post Activity Image [...] - Nearmap is such an incredible company, with a world class leadership team led by Andy Watt. The company has transformed… Liked by Carl Thoma View Post Activity Image - This week marks my 10 year anniversary with Thoma Bravo. Starting my journey here working for private equity industry legend Carl Thoma. Thank you… Liked by Carl Thoma View Post Activity Image

  • Thoma Bravo - Wikipedia

    Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago, Illinois. It is known for being particularly active in acquiring enterprise software companies and has over $130 billion in assets under management as of 2023( It is the successor to the firm Golder Thoma & Co., which was established in 1980 by Stanley Golder and Carl Thoma. Thoma Bravo is led by managing partners Seth Boro, Orlando Bravo, Scott Crabill, Lee Mitchell, Holden Spaht and Carl Thoma. [...] | Company type | Private | | Industry | Private equity | | Predecessors | Golder Thoma & Co. Golder Thoma Cressey Rauner (GTCR) Thoma Cressey Equity Partners Thoma Cressey Bravo | | Founded | 2008; 17 years ago (2008) | | Founders | Carl Thoma Orlando Bravo | | Headquarters | Chicago, Illinois, U.S. | | Number of locations | 5 | [...] In 1980, Stanley Golder and Carl Thoma established Golder Thoma & Co, a company that has been credited as creating the "consolidation" or "buy and build" investment strategy. In 1984, Bryan Cressey was recruited to join the firm from First Chicago, and the firm's name was changed to Golder Thoma Cressey. With the promotion of Bruce Rauner to partner, it became Golder, Thoma, Cressey, Rauner, Inc. (GTCR).

  • 2024 Distinguished Alumnus: Carl Thoma | Oklahoma State University

    Carl Thoma of Dallas, Texas, graduated with a bachelor’s degree in agricultural economics from OSU in 1971 and a master’s in business administration from Stanford in 1973. He grew up on a cattle ranch in the panhandle of Oklahoma and learned about agriculture at an early age. He continues his family ranch of more than 100 years in northeast New Mexico. [...] Thoma began his career at Arizona-Colorado Land & Cattle Co. The company owned ranches, feedlots, farm implement entities and meat packing companies in Arizona, Nevada and Colorado. He then transitioned to the private equity industry and worked for First National Bank of Chicago. He is the founder and managing partner of Thoma Bravo LLC, a private equity management firm and one of the largest software-focused investors [...] While at OSU, Thoma represented the Ferguson College of Agriculture on the Student Senate. He remains involved at OSU by serving on the Riata Center for Entrepreneurship Advisory Board, McKnight Center for the Performing Arts Board and the OSU Museum of Art Advisory Board. Most recently, he served on the OSU Presidential Search Committee in 2020. Thoma also supports numerous scholarships, including the John W. Goodwin Endowed Agricultural Economics Scholarship Fund.