Miami has landed another big investment company – and its billionaire founder has purchased a home here.

Thoma Bravo, a private equity firm with more than $73 billion in assets under management, announced it is opening an office here in the second half of 2021.

The company said it hopes to tap into Miami’s “rich and growing community of tech entrepreneurs.”

“The office will not only reinforce our presence in the U.S., but will also serve as the firm’s first foothold on the East Coast, providing a gateway to other national and global markets,” Bravo said.

The company has not yet finalized an exact location for the office, a spokesperson told The Next Miami.

Some current employees of the firm will relocate, while others will be recruited here.

“We are thrilled to expand our business to this vibrant city as it rapidly evolves into a major financial and technology hub,” said Chip Virnig, a Partner at Thoma Bravo. “We are proud to join Miami’s flourishing investment community and look forward to further driving innovation and growth in the city.”

Orlando Bravo, the billionaire founder of the firm, purchased a home on North Bay Road for $39.25 million last month.

Source: The Next Miami