Thoma Bravo Announces Strategic Minority Investment in SDC Capital Partners
MIAMI and NEW YORK and SAN FRANCISCO, Oct. 2, 2025 /PRNewswire/ — Thoma Bravo, a leading software investment firm, today announced a strategic minority investment in SDC Capital Partners (“SDC”), a leading global digital infrastructure investment firm. Thoma Bravo will fund the transaction from its balance sheet.
Founded in 2017 by industry veteran Todd Aaron, SDC specializes in developing and investing in the infrastructure that powers the digital economy. SDC’s commercial and engineering teams develop large-scale data center capacity for hyperscalers in the most important and supply-constrained markets around the world. SDC’s flexible capital solutions also enable it to partner with leading management teams to deliver transformative, next-generation data center, fiber, wireless and cloud-services infrastructure. Since its inception, SDC has completed over 25 investments across North America, South America and Europe.
As one of the world’s largest software-focused investors, Thoma Bravo shares SDC’s philosophy of having a disciplined and specialized investment approach. Through its portfolio of more than 70 leading software companies, Thoma Bravo is one of the largest and most strategic customers of the world’s leading hyperscalers. Thoma Bravo’s relationships can help further strengthen and enable the expansion of SDC’s platform as demand for compute and connectivity continues to accelerate globally.
Todd Aaron, Founder and Managing Partner of SDC, said:
Thoma Bravo is one of the world’s most admired investment firms and shares our view on the benefits of a sector-focused and operationally oriented approach,
“Their portfolio provides them a unique, front-line perspective on the opportunities and challenges of digital infrastructure and the implications of AI and cloud computing. We look forward to leveraging their expertise as we continue to grow our platform, drive greater value for our investors and build the digital infrastructure that underpins the global economy.”
Holden Spaht, a Managing Partner at Thoma Bravo, said:
We see firsthand how the rapid growth in AI, cloud computing and advanced technologies is driving unprecedented demand for secure, scalable and resilient digital infrastructure,
“Todd has been a leading operator and investor in digital infrastructure for the last 25 years, and SDC’s disciplined asset selection and operational model have delivered for their investors. We see tremendous opportunities in this space and are excited to see SDC accelerate the digital transformation of the global economy.”
Piper Sandler served as the exclusive financial advisor and Kirkland & Ellis LLP served as legal counsel to Thoma Bravo. Houlihan Lokey served as financial advisor and Kirkland & Ellis LLP served as legal counsel to SDC Capital Partners.
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Thoma Bravo Announces Strategic Minority Investment in SDC Capital Partners, source
