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Alternative Market Briefing

Thoma Bravo amasses $3.3bn for the second credit fund

Wednesday, April 06, 2022

Laxman Pai, Opalesque Asia:

American private equity and growth capital firm announced the completion of fundraising for Thoma Bravo Credit Fund II at $3.3bn in total available capital, including leverage.

The software investment firm said in a press release that Fund II is its largest credit fund closure to date and demonstrates the continued success and strength of the firm's credit platform, which has collectively invested $6.0 billion since its inception in 2017.

Orlando Bravo, a Founder and Managing Partner at Thoma Bravo said: "By leveraging the firm's decades of experience and leadership in software investing, our experienced credit team and growing platform are well-positioned to continue to drive value for our investors."

"The successful closing of Credit Fund II demonstrates our ability to translate a deep understanding of the evolution of the software industry and broader market into differentiated investment opportunities," said Oliver Thym, a Partner and Head of the Credit Platform at Thoma Bravo.

"We have built a premier credit platform amidst a complex global operating environment through a consistent focus on minimizing downside risk. With this clear and flexible mandate, we have been able to make strategic decisions about the composition of our portfolio so that we are pursuing opportunities that represent the most attractive risk-adjusted return profile," Oliver added.

The closing of Credit Fund II follows an active year for the Thoma Br......................

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