Thoma Bravo Is Combing Every BDC Book for Software Loan Bargains

Thoma Bravo offices in Miami.

Photographer: Scott McIntyre/Bloomberg

Thoma Bravo brands itself as the world’s largest software-focused investment firm. And it’s only looking to get bigger in the space.

The firm is closely watching for any “motivated selling” among business-development companies that have been beset by a wave of investor redemptions in recent months, according to Jeff Levin, partner and head of credit.