Thoma Bravo has expanded its credit team with the addition of Jeff Levin and Kunal Soni, two senior executives previously with Morgan Stanley’s private credit group, according to a report by Bloomberg citing sources familiar with the matter.
Levin, who served as Head of Direct Lending and Co-Head of North America Private Credit at Morgan Stanley, also held the role of CEO at the firm’s business development company (BDC), Morgan Stanley Direct Lending Fund. Soni held dual responsibilities as Head of Direct Lending for the Western US and Head of Direct Lending Technology.
The hires mark a notable step in the expansion of Thoma Bravo’s credit platform, which targets senior secured lending opportunities across the enterprise software sector. The firm closed its third credit fund in January with $3.6bn in total capital, inclusive of leverage.
Levin’s departure from Morgan Stanley was disclosed earlier this month in a regulatory filing, which also confirmed Michael Occi as the new CEO of the BDC.
