GrowthCap named Thoma Bravo to its list of Top Private Credit Firms of 2025, marking the third consecutive year the firm has been recognized. Formerly known as the Top Private Debt list, the annual ranking highlights leading firms recognized for their demonstrated track record and expertise in private credit investing. 

* This list is the opinion of the party conferring the list and should not be considered an endorsement of Thoma Bravo. Issued by GrowthCap on Nov. 11, 2025, the Top Private Credit Firms of 2025 was based on an evaluation period of the last 12–18 months. Thoma Bravo paid a copyright and distribution fee in connection with this list. In general, the receipt of compensation influences, and is likely to present a potential material conflict of interest, relating to any granted list. There can be no assurance that other providers or surveys would utilize the same criteria used to determine this list or reach the same conclusion.