Bravo was born in Mayaguez, Puerto Rico, and according to Forbes became the first Puerto Rico-born billionaire in 2019. His father and grandfather worked with tuna-fish factory ships in the Port of Mayaguez. Bravo attended Brown University and Stanford, earning a law degree and a master's in business administration at the latter. In 2008, he created Thoma Bravo, a leading private equity firm in the tech and software sectors where he is the managing partner. In October of 2020, the firm reported that it manages more than $70 billion in equity, with offices in Miami, Chicago, and San Francisco. After Hurricane Maria struck Puerto Rico, Bravo raised $25 million to help the island and organized regular airlifts and shipments of food, water, and other supplies. He donated another $100 million to the Bravo Family Foundation's Rising Entrepreneurship Project in Puerto Rico. In January 2021, Bravo and his wife, Katy, purchased Phil Collins' former bayfront residence in Miami Beach for nearly $40 million. It's listed as their primary residence. They submitted plans to demolish the property and build an entirely new residence, detached staff quarters, and a third structure for home offices and guest suites. He's ranked as the 158th-richest billionaire in the country.