Thoma Bravo, a software investment firm, completed fundraising for Thoma Bravo Credit Fund II at $3.3 billion in total available capital, including leverage. The credit platform expands Thoma Bravo’s software offering and allows the firm to pursue credit investment opportunities.

Fund II is the firm’s largest credit fund closure yet. The firm’s credit platform has collectively invested $6 billion since it was created in 2017. The closing of the fund is the capstone for an active year for the Thoma Bravo Credit Platform, which has invested over $2 billion into 39 unique portfolio companies across the platform.

“We are grateful for the strong support of our limited partners for helping us reach this milestone as we meet the growing demand for private credit in the software industry,” said founder and managing partner Orlando Bravo. “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.”