Private equity firm Thoma Bravo, which focuses on software investments, has completed a fundraise totaling $32.4 billion for three buyout funds, making it one of the biggest private equity fundraisings so far this year.

Thoma Bravo Fund XV, which targets large equity investments in software and other technology companies, raised $24.3bn; Thoma Bravo Discover Fund IV, which focuses on middle-market buyouts, raised $6.2bn; and Thoma Bravo Explore Fund II, which focuses on lower middle-market buyouts, raised $1.8 bn.

Buyout funds are typically used to buy mature companies, often taking a public company private.

Jennifer James, managing director, chief operating officer and head of investor relations and marketing at Thoma Bravo said, “We are energized by our investors’ strong support of the largest fundraise in Thoma Bravo’s history, and of the largest tech fund ever raised, all against the backdrop of a challenging economic and geopolitical environment.”

Each fund surpassed its initial target, with Fund XV marking the “largest tech-focused buyout fund ever raised,” the firm noted, adding that future investments will support Thoma Bravo’s existing investment and partnership strategy across healthcare IT, security, financial technology, infrastructure and applications.

The latest closings follow an April announcement of the final close of Thoma Bravo’s second credit fund, Thoma Bravo Credit Fund II with $3.3bn in total available capital, including leverage.

The funds came from a range of outside investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund of funds, endowments, foundations and family offices.