Thoma Bravo has closed its largest credit fund to date, Credit Fund III, securing $3.6bn in total available capital, including anticipated leverage. The fund will focus on senior secured debt investments in sponsor-backed software companies.
Since its launch in 2017, Thoma Bravo’s credit platform has deployed more than $8bn across 100 transactions. Credit Fund III has already invested $1bn in 20 companies, signalling strong demand and rapid deployment in the private credit market, according to a press statement.
“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 platform has expanded its offerings to include unlevered capital and funds-of-one, allowing for more tailored lending solutions.
Thoma Bravo, which manages over $166bn in assets, has a track record of investing in more than 500 companies with a combined enterprise value of $265bn.
