Resolves per Preqin at fund liquidation. Market close may be extended to accommodate the ultimate fund term. The final % answer will be multiplied by 100 for purposes of this market.

Thoma Bravo XV is a 2022 vintage, closed-end buyout fund that invests in software and technology sectors across North America.

As of market creation, Preqin lists the Net IRRs of previous Thoma Bravo flagship funds as follows:

• Thoma Bravo XIV = n/a

• Thoma Bravo XIII = 38.4%

• Thoma Bravo XII = 16.8%

• Thoma Bravo XI = 27.4%

• Thoma Bravo X = 38.2%

• Thoma Bravo IX = 44.7%

• Thoma Cressey VIII = 18.3%

• Thoma Cressey VII = 24.0%

• Thoma Cressey VI = 0.4%