How Orlando Bravo Built One of the Most Successful Firms in Private Equity
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.2 • 7.1K Ratings
🗓️ 15 October 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
(0:00) Introducing Orlando Bravo
(1:53) Orlando’s history, Puerto Rico origins, how he got into private equity
(7:10) How he runs Thoma Bravo: small team, outward facing, mentorship, patience in fundraising
(9:01) Role of PE in the American economy, public perception, underwriting AI risks
(15:23) Deal pricing philosophy, acquiring Boeing’s avionics business
(19:24) Thoma Bravo’s operating playbook after acquiring a company
(26:16) Thoughts on taking Thoma Bravo public
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Transcript
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| 0:00.0 | With one of the best track records in private equity, |
| 0:04.0 | Roma Bravo manages $179 billion in assets. |
| 0:08.0 | Homa Bravo has grown at a blistering pace. |
| 0:11.0 | Last year the firm returned over $13 billion to investors. |
| 0:14.0 | In 2019, Orlando became the first Puerto Rico-born billionaire. |
| 0:18.0 | Private equity firms, the good ones, definitely beat the public markets. |
| 0:23.8 | We are in the business of turning great innovators into great businesses. |
| 0:30.3 | Ladies and gentlemen, please welcome Telma Bravo's Orlando Bravo. |
| 0:44.6 | See you. |
| 0:45.9 | Thanks for coming. |
| 0:48.3 | David. |
| 0:49.9 | Good see you. |
| 0:51.3 | For those that don't know, |
| 0:53.6 | let me just do a couple of data points and then we'll just jump into the story because Orlando hasn't in... |
| 0:56.0 | Wait, Jamoth, are we seriously going to ignore whatever virtue signaling J-Cal is doing over here? |
| 1:01.0 | What's this virtue signal you got going on? |
| 1:04.0 | What are you doing right now? |
| 1:05.0 | This is in Virtuous. This is my bestie Tulsi gave me an official scarf from her office for my wife and I stole it for my wife. |
| 1:14.9 | So I'm wearing it. |
| 1:16.3 | Orlando, Yumi probably didn't see it yesterday, but Jason was run over by the Director of National Intelligence, Tulsi Gabbard, yesterday. |
| 1:23.8 | He was so tilted, she was walking through the Russia hoax he was so tilted he had his phone |
| 1:30.0 | Googling and grocking trying to get and and all he could come up with is this and literally in |
... |
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