Thoma Bravo Makes Largest Credit Raise to Date with $3.6B Fund III Close

Thoma Bravo closed its third credit fund with $3.6B in total commitments, marking the software investment firm's largest private credit capital raise to date, according to a January 21 news release.

In line with the firm's credit platform strategy, Thoma Bravo Credit Fund III will focus on senior secured debt, targeting sponsor-backed software companies. So far, the fund has deployed over $1B across 20 transactions, increasing the credit platform's total investments to over $8B across 100 transactions since its inception in 2017.

The $3.6B raised for Fund III is inclusive of anticipated leverage, the firm said. According to its website, Thoma Bravo has invested a total of $265B in software and technology companies. As at the end of the third quarter of 2024, the firm's AUM amounted to over $166B.

New call-to-action

Written By: Dakota