Thoma Bravo has hired Ross Devor to co-lead the $114 billion firm’s growth equity strategy, which focuses on minority investments in industry-leading software and technology companies.
Devor had been a managing director at Insight Partners, where he led efforts to invest in enterprise software investments. He began his career as an analyst at Morgan Stanley.
“We are thrilled to welcome Ross back to Thoma Bravo as we continue to scale our growth investment platform and capitalize on opportunities to help companies maximize their growth potential at an earlier stage,” said Orlando Bravo, founder and managing partner at Thoma Bravo. “Ross’ deep expertise in enterprise software investing will be an asset in helping us expand our market reach.”
Based in Miami, the addition of Devor reflects Thoma Bravo’s expanding leadership team. Devor had first joined the firm in 2009 and was a key member of the investment team for more than four years.
“I couldn’t be more excited to be re-joining the Thoma Bravo team,” said Devor in a statement. “The software and technology investment space has transformed in the years since I was last with the firm, and Thoma Bravo has proven to be the investor and partner of choice for companies across all sectors of the industry and at various stages of growth. I look forward to the many opportunities ahead working alongside Tre Sayle and the rest of the Growth team.”
In recent years, Thoma Bravo has grown rapidly, including the 2020 close of two tech funds totaling an influx of $22.8 billion in assets.
