Private Equity International’s report about Thoma Bravo’s decision to discontinue its growth equity strategy got us wondering whether this was another chapter in the SaaSpocalypse narrative that has gained steam with accelerating advances in the capabilities of AI agents. As one of the largest PE investors in software companies, was Thoma Bravo sending a signal about the viability of SaaS as a business model due to growing traction for vertical AI, or tools built for specific industries?
A couple of VCs we spoke with said they see the move as a sign that Thoma Bravo raised and deployed…
