Thoma Bravo reportedly recruits Jack Le Roy from Summit Partners amid $750m debut credit fund raise

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Buyout giant Thoma Bravo has reportedly hired Jack Le Roy from fellow PE firm Summit Partners to help with its $750m debut credit fund.

AltAssets reported earlier this month that Thoma Bravo was currently raising up to $750m for a credit vehicle, according to SEC filings.

Le Roy was a principal at London-based Summit Partners for seven years before his move. Prior to that, he worked for Guggenheim Investment Management as a member of the leveraged credit investing team.

He worked on a number of deals for Summit, including its acquisition of Round Table Pizza and The Emerald Green Group.

It was reported last month that Thoma Bravo had retained its stake in Sparta Systems after New Mountain bought into it.

A month before, it tapped its mid-market fund to buy a minority stake in Riskonnect for $10m.

Thoma targets well-established, profitable businesses run by management teams.

Its twelfth flagship fund, which will target software and tech companies, closed on $7.6bn last September.

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