Thoma Bravo, a software investment firm, completed fundraising in connection with its Thoma Bravo Credit Fund III at $3.6 billion in total available capital, including anticipated leverage. The fundraising represents the firm’s largest credit pool of capital to date.
“We appreciate our investors’ continued recognition and strong support of Thoma Bravo’s differentiated platform and strategy in credit, which is a testament to its growth and success,” Orlando Bravo, a founder and managing partner at Thoma Bravo, said. “As an early adopter of private credit, Thoma Bravo has long recognized the crucial role private credit plays in enterprise software.”
“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, a partner at Thoma Bravo, who leads the Thoma Bravo Credit platform, said. “We are excited to have broadened our platform to include unlevered capital and funds-of-one/separately managed accounts. 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.”
