Permira has tapped Mike Hoffmann from Thoma Bravo as a partner on its technology team, bringing aboard one of the more experienced software investors in the private equity space. Hoffmann spent over a decade at Thoma Bravo, where he led investments in ConnectWise, Verint, and Talend across software, infrastructure, and cybersecurity sectors.

In his new role, Hoffmann will oversee Permira's technology playbook spanning large-cap buyouts to growth equity positions. The firm aims to expand its platform across software and AI-enabled businesses while deepening exposure to AI infrastructure, including data centers, as compute demand escalates.

Brian Ruder, Permira's co-CEO, noted that the next investing cycle will prove especially exciting and challenging in technology as AI transforms the economy. This hiring follows a strong performance year for Permira's technology team, which delivered record annual distributions totaling more than €12.6bn ($14.7bn).

Strategic exits including the sale of Informatica to Salesforce and equity stake divestments in Genesys to Salesforce and ServiceNow generated significant liquidity. With approximately $100bn in committed capital, Permira's technology track record includes Zendesk, McAfee, and Mimecast, positioning it among the most active large-cap investors globally.