Thoma Bravo Announces $3.3bn Close of Credit Fund II

Thoma Bravo, a leading software investment firm, announced the completion of fundraising for Thoma Bravo Credit Fund II at $3.3bn in total available capital, including leverage.

Fund II is the firm’s largest credit fund closure to date and demonstrates the continued success and strength of the firm’s credit platform, which has collectively invested $6.0 billion since its inception in 2017.

“We are grateful for the strong support of our limited partners for helping us reach this milestone as we meet the growing demand for private credit in the software industry,” said Orlando Bravo, a Founder and Managing Partner at Thoma Bravo. “By leveraging the firm’s decades of experience and leadership in software investing, our experienced credit team and growing platform are well-positioned to continue to drive value for our investors.”

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“The successful closing of Credit Fund II demonstrates our ability to translate a deep understanding of the evolution of the software industry and broader market into differentiated investment opportunities,” said Oliver Thym, a Partner and Head of the Credit Platform at Thoma Bravo.

Thym continues, “We have built a premier credit platform amidst a complex global operating environment through a consistent focus on minimizing downside risk. With this clear and flexible mandate, we have been able to make strategic decisions about the composition of our portfolio so that we are pursuing opportunities that represent the most attractive risk-adjusted return profile.”

The closing of Credit Fund II follows an active year for the Thoma Bravo Credit Platform with record deployment in 2021, investing over $2.0 billion into 39 unique portfolio companies across the platform.

Source: PR Newswire