Thoma Bravo Amasses $3.6B for Third Credit Fund 

Thoma Bravo completed fundraising in connection with its Thoma Bravo Credit Fund III at $3.6 billion in total available capital, including anticipated leverage. This represents the firm’s largest credit pool of capital to date. 

The credit platform focuses on the senior secured debt of established, mission-critical enterprise software companies and targets sponsor-backed companies. Credit Fund III has invested more than $1 billion in 20 investments to date. Since inception in 2017, the platform has invested more than $8 billion across approximately 100 transactions. 

“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,” said Oliver Thym, a partner at Thoma Bravo who leads the credit platform. “We are excited to have broadened our platform to include unlevered capital and funds-of-one/separately managed accounts.” 

Thoma Bravo is one of the largest software-focused investors in the world, with over $166 billion in assets under management as of September 30, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors.