Thoma Bravo announced the completion of fundraising in connection with its Thoma Bravo Credit Fund III at $3.6 billion in total available capital, including anticipated leverage. And this represents the firm’s largest credit pool of capital to date and underscores the continued leadership and success of the Thoma Bravo Credit platform.
The Thoma Bravo Credit platform focuses on the senior secured debt of established and mission-critical enterprise software companies. And this platform targets sponsor-backed companies and leverages Thoma Bravo’s extensive sector experience in enterprise software and its broad and differentiated sourcing channels.
Since its founding in 2017, the platform has invested over $8 billion across approximately 100 transactions. Credit Fund III has invested over $1 billion across 20 investments.
KEY QUOTES:
“We appreciate our investors’ continued recognition and strong support of Thoma Bravo’s differentiated platform and strategy in credit, which is a testament to its growth and success. As an early adopter of private credit, Thoma Bravo has long recognized the crucial role private credit plays in enterprise software.”
– Orlando Bravo, a Founder and Managing Partner at Thoma Bravo
“We are very proud of the strong backing we have received from our investors for our strategy and team at a time of tremendous opportunity in software direct lending. We are excited to have broadened our platform to include unlevered capital and funds-of-one/separately managed accounts. We look forward to capitalizing on the growing market demand for our flexible and differentiated credit solutions and driving further success for our partners and investors in 2025.”
– Oliver Thym, a Partner at Thoma Bravo who leads the Thoma Bravo Credit platform
