Thoma Bravo Celebrates Successful Fundraising of $3.6 Billion for Credit Fund III
Thoma Bravo, a prominent firm in software investments, has recently announced the successful completion of its fundraising campaign for the Thoma Bravo Credit Fund III, gathering an impressive total of $3.6 billion in available capital. This considerable achievement not only solidifies the firm's reputation as a leader in the domain but also marks the largest credit pool of capital raised to date by the firm.
The Thoma Bravo Credit platform specializes in providing senior secured debt solutions to established and mission-critical companies within the enterprise software sector. By targeting sponsor-backed firms, Thoma Bravo leverages its extensive experience and diverse sourcing channels in enterprise software to identify promising investment opportunities. Since the inception of the platform in 2017, it has invested over $8 billion across approximately 100 transactions, with Credit Fund III specifically accounting for more than $1 billion directed into 20 investments.
Orlando Bravo, one of the founders and managing partners at Thoma Bravo, expressed his appreciation for the strong backing received from investors, indicating this reflects their confidence in the firm’s unique credit platform and strategy. Bravo highlighted the role of private credit in the enterprise software market, acknowledging its significance in driving resource allocation towards innovative technology firms.
Oliver Thym, a partner at Thoma Bravo and the head of the Credit platform, echoed these sentiments, noting the fantastic support they have experienced from investors amidst a growing wave of opportunity in the field of software direct lending. Thym shared excitement regarding the firm's broadened platform capabilities, which now include unlevered capital along with separately managed accounts.
In a landscape that demands flexible and innovative credit solutions, Thoma Bravo aims to capture the significant market demand while enhancing growth and success for both partners and investors as they move into 2025.
As a key player in the software investment space, Thoma Bravo is recognized for its focused approach, which has garnered over $166 billion in assets under management as of September 30, 2024. With a robust portfolio that spans various investment strategies including private equity, growth equity, and credit, the firm aims to promote growth by implementing operational best practices in collaboration with its portfolio companies.
Over the last two decades, Thoma Bravo has successfully acquired or invested in more than 500 companies, representing an estimated enterprise value of around $265 billion. This remarkable record emphasizes the firm’s strategic acumen and its commitment to advancing businesses within the ever-evolving software and technology sectors.
With offices located in major cities such as New York, Chicago, Dallas, London, Miami, and San Francisco, Thoma Bravo is well-positioned to continue its trajectory of success. For further details about the company’s investment strategies and portfolio, interested parties can visit their official website at thomabravo.com.