Thoma Bravo Expands Leadership for Private Credit Growth
Thoma Bravo, a renowned software investment firm, proudly announces the addition of industry veterans Jeff Levin and Kunal Soni as partners to its Thoma Bravo Credit platform. Levin will assume the role of head of the platform, marking a significant step in the firm's mission to enhance its capabilities in the private credit sector.
Investment Milestones and Growth Potential
Since launching in 2017, Thoma Bravo Credit has made significant strides, investing over $25 billion across more than 100 transactions. The recent closure of Thoma Bravo Credit Fund III demonstrates the platform's ability to secure substantial capital for growth-oriented investments.
The expertise brought by Levin and Soni is poised to greatly enhance the platform's origination, structuring, and underwriting capabilities. Their backgrounds in leading and scaling private credit platforms will play a critical role in responding to borrower needs for flexible long-term capital, essential for fostering growth in a dynamic market.
Profiles of New Partners
Jeff Levin's experience precedes him as a founding member of Morgan Stanley Investment Management's Private Credit unit and former Co-Head of the North America Private Credit platform. His extensive background includes serving as Portfolio Manager, Head of U.S. Direct Lending, and Chair of the Investment Committee for the U.S. Direct Lending funds. Previously, Levin also held prestigious roles at The Carlyle Group (NASDAQ: CG), enhancing his expertise in the private credit landscape.
Kunal Soni complements Levin's knowledge with his recent role as Head of the Western Region and Technology Lending for Morgan Stanley's Private Credit division. His focus on originating and executing investment opportunities aligns with Thoma Bravo's ambition to expand its influence in the private credit market.
Insights from Leadership
Orlando Bravo, founder and managing partner of Thoma Bravo, expressed optimism about the firm's future, stating, "Private credit continues to play an increasingly important role in supporting growing businesses and meeting investor demand for income and diversification." With the addition of Levin and Soni, the firm enhances its service delivery capabilities, ensuring that it can cater to a growing range of sophisticated investors while providing essential capital to businesses.
A Vision for the Future
Jeff Levin shared his goals for the platform, saying, "Thoma Bravo Credit has a solid foundation built on discipline, investor alignment, and consistently strong performance. Our objective now is to broaden our offerings, enabling investors to access a wider range of high-quality credit opportunities while empowering borrowers to benefit from our enhanced expertise and long-term growth-oriented capital."
Kunal Soni voiced his excitement about joining Thoma Bravo Credit during such a pivotal time for private credit. He noted, "The market continues to expand and evolve, presenting opportunities for platforms with the scale and discipline to meet growing demand. With the resources and reach Thoma Bravo offers, we are set to deliver significant value to investors and borrowers alike."
About Thoma Bravo
Thoma Bravo stands as one of the largest software-focused investment firms globally, managing approximately $181 billion in assets. Specializing in private equity, growth equity, and credit strategies, the firm targets innovative companies in the software and technology sectors. Leveraging deep sector knowledge and operational expertise, Thoma Bravo collaborates with its portfolio companies to implement best practices and drive substantial growth. Over the past two decades, the firm has successfully acquired or invested in around 555 companies, representing an impressive enterprise value of roughly $285 billion. With offices in major U.S. cities, Thoma Bravo continues to expand its influence across the investment landscape.
Frequently Asked Questions
1. What is Thoma Bravo Credit?
Thoma Bravo Credit is a platform operated by Thoma Bravo that focuses on private credit investments, providing flexibility and support to growing companies.
2. Who are the new partners at Thoma Bravo?
The new partners are Jeff Levin, who has been appointed as the head of Thoma Bravo Credit, and Kunal Soni, both bringing significant industry experience.
3. What is the investment total of Thoma Bravo Credit?
Thoma Bravo Credit has invested over $25 billion across more than 100 transactions since its inception in 2017.
4. How does Thoma Bravo plan to enhance its services?
The addition of Levin and Soni is designed to expand Thoma Bravo's origination, structuring, and underwriting capabilities in private credit.
5. What is Thoma Bravo's overall mission?
Thoma Bravo aims to build a leading private credit platform while providing investors with attractive opportunities and businesses with essential capital for growth.
