Largest credit pool of capital to date will expand Thoma Bravo Credit’s leadership in enterprise software
Thoma Bravo, a leading software investment firm, today 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. 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.
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The Thoma Bravo Credit platform focuses on the senior secured debt of established, mission-critical enterprise software companies. The platform targets sponsor-backed companies and leverages Thoma Bravo’s extensive sector experience in enterprise software, as well as its broad and differentiated sourcing channels. Since its inception in 2017, the platform has invested over $8.0 billion across approximately 100 transactions. Credit Fund III has invested more than $1.0 billion across 20 investments to date.
“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,” said Orlando Bravo, a Founder and Managing Partner at Thoma Bravo. “As an early adopter of private credit, Thoma Bravo has long recognized the crucial role private credit plays in enterprise software.”
“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,” said Oliver Thym, a Partner at Thoma Bravo who leads the Thoma Bravo Credit platform. “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.”
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