Thoma Bravo is a fan of multibillion-dollar private loans to fund buyouts -- the kind that bypass Wall Street’s syndicated-lending desks altogether. But it’s not turning its back on banks for good.
The private equity firm has tapped a group of lenders led by Bank of America Corp. to refinance a unitranche loan for software company ConnectWise LLC. It’s a win for a leveraged loan market that’s lost out on a slew of debt deals this year for big acquisitions that were funded by the private credit market -- including some inked by Thoma Bravo itself.
