Thoma Bravo closes $3.6bn Credit Fund III to support enterprise software companies

Thoma Bravo announced the close of its Credit Fund III, securing $3.6bn in total available capital, including anticipated leverage.

This milestone marks the firm’s largest credit fund to date, reflecting its leadership in the private credit market for enterprise software.

The Thoma Bravo Credit platform targets senior secured debt investments in sponsor-backed, mission-critical software companies. Since launching in 2017, the platform has deployed over $8bn across 100 transactions. Credit Fund III has already invested $1bn in 20 companies, underscoring its rapid deployment and demand in the market.

“Our investors continue to support our differentiated credit strategy, which has grown significantly,” said Orlando Bravo, Founder and Managing Partner. “As an early adopter of private credit, we understand the critical role it plays in the enterprise software sector.”

The credit platform has also expanded its offerings to include unlevered capital and funds-of-one, enhancing its ability to provide tailored lending solutions. Oliver Thym, Partner and head of the platform, noted, “We’re excited to capitalise on growing market demand for our flexible credit solutions and deliver strong results for our investors.”

Thoma Bravo manages over $166bn in assets and has invested in more than 500 companies, representing $265bn in enterprise value. The firm continues to leverage its deep expertise in software and technology to drive growth and innovation across its private equity, growth equity, and credit strategies.

Source: PR Newswire

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