Thoma Bravo Raises $3.6B for Largest Credit Fund to Date

What's Happening: Thoma Bravo, a leading software investment firm, has completed fundraising for its Thoma Bravo Credit Fund III, amassing $3.6 billion in total available capital. This represents the firm's largest credit pool to date, underscoring the continued growth and success of Thoma Bravo's credit platform in the enterprise software sector.

The Key Moves:

• Credit Fund III has raised $3.6 billion, including anticipated leverage, making it Thoma Bravo's largest credit fund yet.

• The fund focuses on senior secured debt of established, mission-critical enterprise software companies.

• Since 2017, Thoma Bravo's credit platform has invested over $8.0 billion across approximately 100 transactions.

By The Numbers :

• Thoma Bravo Credit Fund III has already invested more than $1.0 billion across 20 investments.

• Thoma Bravo manages over $166 billion in assets as of September 30, 2024.

• The firm has acquired or invested in more than 500 companies representing approximately $265 billion in enterprise value over the past 20+ years.

Key Quotes:

• Orlando Bravo: "We appreciate our investors' continued recognition and strong support of Thoma Bravo's differentiated platform and strategy in credit."

• Oliver Thym: "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."

• Oliver Thym: "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."

The Bottom Line: Thoma Bravo's successful fundraising for its largest credit fund to date demonstrates the firm's growing influence in the enterprise software credit market. With $3.6 billion in available capital, the fund is well-positioned to capitalize on opportunities in the sector and continue its track record of successful investments.

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