Private equity firm Thoma Bravo is building a growth investing business aimed at crypto and fintech.
The firm, which manages more than $91 billion in assets and has spent the last 40 years investing across the tech and software sector, has hired former General Atlantic vice president Christine Kang to lead the new practice, according to a LinkedIn post.
"Excited to officially share that I’m joining Thoma Bravo to help start their growth investing practice in the magical city of Miami," Kang wrote.
Founded by billionaire Orlando Bravo, Thoma Bravo manages a number of private equity and credit funds. Its portfolio includes more than 50 companies that "generate over $21 billion of annual revenues," according to its website.
Bravo, a native of Puerto Rico, told CNBC in an interview earlier this month that the metaverse is investable and will be "very big."
In her LinkedIn update, Kang said that Web3 and crypto are among the "most exciting sectors of innovation in today's global economy."