PE moves further into IT, software
View PitchBook’s 1Q 2017 US PE Breakdown Report Here
Thoma Bravo, Vista Equity Partners and Silver Lake used to be the paramount examples of the few notable PE firms making primarily tech and/or software plays. However, overall investment within the IT industry has grown significantly over the past several years, cresting to no less than one-fifth of all US PE transactions within the first quarter of 2017 alone. Software businesses made up 63.1% of all IT deals in 2016.