Navigating Economic Uncertainty and Software Resilience in the Portfolio

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Explore the resilience of software companies amidst rising interest rates, showcasing their stable customer base and recurring revenues. While new customer growth may be affected, the chapter emphasizes the robust operating performance with growth in top-line and EBITDA.

Enterprise software is a sector with a lot to love if you’re a private credit investor: long-term contracts and sticky customers.

But how will AI impact software companies? And what is the growth outlook in the sector, which has had a tough time over recent years?

In this week’s episode of Cloud 9fin, private credit reporter Peter Benson and Oliver Thym, a partner on Thoma Bravo’s private credit platform, drill down into the value proposition of enterprise software and explain why private credit still can’t seem to get enough of SaaS.