Thoma Bravo Private Equity (Lux) Sub-Fund

Thoma Bravo Private Equity (Lux) Sub-Fund is an open-ended sub-fund managed by Thoma Bravo and domiciled in Luxembourg, where it is constituted as a SICAV and authorised under the UCI Part II regime. It is classified as Non-ELTIF, so the N/A designation applies and the vehicle is distributed across Europe under the Part II framework rather than the ELTIF passport. The base currency is USD, and the fund dates from 2026.

Within the firm's private equity activity, the sub-fund pursues a venture strategy. The open-ended structure means capital is deployed and held through an evergreen pool rather than a fixed-term drawdown programme, with investor access governed by the subscription and redemption mechanics set out in the fund documentation; prospective investors should confirm dealing terms, notice requirements and valuation timing directly with the manager, as these are not published here.

For context, the vehicle sits among 163 private equity funds and 347 Luxembourg-domiciled funds covered on this page, of which 117 combine both characteristics, out of 494 funds tracked in total. That overlap places it in the larger of the European private-markets cohorts, where the main points of differentiation are regulatory regime, strategy focus and the liquidity terms attached to the open-ended format.