H olden Spaht is an American billionaire private equity investor and a managing partner at Thoma Bravo, one of the world's largest and most successful software-focused private equity firms. With a background in investment banking, he joined the firm and has been a key leader in its rise to dominance in the technology buyout market.
Thoma Bravo is famous for its 'buy-and-build' strategy of acquiring enterprise software companies and then using them as platforms to make numerous smaller, add-on acquisitions. As a managing partner, Spaht has led some of the firm's largest and most successful deals, particularly in the cybersecurity and infrastructure software sectors. He has served on the boards of numerous portfolio companies, helping to guide their growth and operational improvements. His wealth is derived from his large stake in the highly profitable and successful private equity firm he helped build.
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Holden Spaht is an American businessman, the self-made billionaire Managing Partner of Thoma Bravo, one of the largest software-focused private equity investors in the world. Born in Baton Rouge, Louisiana, he is the son of educators and remains an avid LSU football fan.
Spaht's education is elite and global: he holds a B.A. in Economics from Dartmouth College, studied International Politics at the University of Cologne on a Fulbright Scholarship, and earned an MBA from Harvard Business School. His career began in finance as an Analyst at Morgan Stanley in New York, gaining crucial experience in investment banking and M&A.
Holden Spaht joined Thoma Bravo in 2005, quickly rising to Managing Partner (since 2013). His strategic vision centers on application software, with a specific focus on high-growth sectors like financial technology (fintech), e-commerce, and education. His strategy involves acquiring software companies and employing a proprietary buy-and-build approach to drive operational efficiency and growth.
He has been recognized for leading numerous successful deals, including the $2.3 billion sale of Adenza to Nasdaq (2023) and the 2024 sale of TRADER to AutoScout24 (winning the Private Equity Deal of the Year award). He serves on the boards of major software companies like Nasdaq, Coupa Software, and Anaplan. His wealth is tied to the immense appreciation of the software assets he has acquired and restructured, solidifying his status as a key pioneer in software private equity.
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Joins Thoma Bravo (Corporate Entry).
Becomes Managing Partner (Executive Ascent).
Leads the $2.3 billion sale of Adenza to Nasdaq (Major Deal).
Leads the sale of TRADER to AutoScout24, winning the Private Equity Deal of the Year (Industry Honor).
Continues as Managing Partner, guiding the firm's application software strategy (Executive Oversight).
Holden Spaht's wealth is concentrated in his founding equity and continued executive leadership of the private equity giant, Thoma Bravo.
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Holden Spaht's social impact is structural, stemming from Thoma Bravo's role in professionalizing and scaling essential application software companies globally. His investments drive innovation and efficiency across corporate finance (fintech) and education sectors. He served as the Chair of the Board of Trustees for Schools of the Sacred Heart San Francisco.
His personal philanthropy supports various educational and community initiatives. His career is a testament to the profitability of applying high-level financial and M&A expertise to the technology industry.
Holden Spaht maintains the highly professional, disciplined style of a private equity executive. His attire is consistently bespoke, favoring tailored suits. His aesthetic is one of stability and commanding financial authority, blending Wall Street rigor with a data-driven analysis approach.
Residing in San Francisco, California, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to strategic software investment, M&A mastery, and his passion for LSU football.
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+0.57% | +$8.01M
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