Thoma Bravo Completes Successful Fundraise for Credit Fund III
Funding | Jan 21, 2025 | Thoma Bravo
Thoma Bravo, a prominent investment firm focusing on software, has concluded fundraising for its Thoma Bravo Credit Fund III, securing $3.6 billion in total available capital. This is the largest credit pool the firm has achieved to date, highlighting its strategic leadership in enterprise software investment. The fund, targeting senior secured debt for stable enterprise software firms, has already invested over $1 billion across 20 investments. Thoma Bravo's credit platform, initiated in 2017, has committed more than $8 billion across about 100 transactions, emphasizing its established sector expertise and access to differentiated sourcing channels. Fund III's success illustrates investor confidence in their innovative approach to private credit in enterprise software. As an early adapter in this area, Thoma Bravo aims to capitalize on the demand for direct software lending, further expanding through various capital and account structures. Looking forward, they plan to continue leveraging their financial and sector acumen to drive success for both investors and partners, with sights set on further achievement by 2025.
Sectors
- Private Equity
- Enterprise Software
- Private Credit
Geography
- United States – Thoma Bravo is based in the U.S., with offices in multiple U.S. cities such as Chicago, Miami, and San Francisco, playing a crucial role in the nation’s investment landscape.
- United Kingdom – Thoma Bravo has an office in London, indicating their involvement in the global investment market, particularly in enterprise software.
Industry
- Private Equity – Thoma Bravo operates as a private equity firm, known for its investments in the software and technology sectors.
- Enterprise Software – The credit fund focuses on the enterprise software sector, specializing in senior secured debt of mission-critical software companies.
- Private Credit – The article discusses Thoma Bravo's activities in private credit, a sector in which the firm provides funding for targeted acquisitions and growth.
Financials
- $3.6 billion – Total available capital for Thoma Bravo Credit Fund III, marking the largest credit pool for the firm.
- $8.0 billion – Total investment by Thoma Bravo's credit platform since 2017 across approximately 100 transactions.
- $1.0 billion – Invested by Credit Fund III across 20 investments to date.
- $265 billion – The enterprise value of more than 500 companies Thoma Bravo has acquired or invested in over 20 years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thoma Bravo | Private Equity Firm | Company | A leading private equity firm focusing on software investments and known for its significant assets under management. |
| Orlando Bravo | Founder and Managing Partner | Person | A key leader at Thoma Bravo, recognized for driving the firm’s investment and growth strategies. |
| Oliver Thym | Partner | Person | Leads the Thoma Bravo Credit platform, instrumental in establishing and expanding credit strategies in enterprise software. |