Simpson Thacher advised Stonecroft Management, as part of a syndicate consisting of a group of U.S. and international investors, in its minority investment in Thrive Capital.~~Thrive Capital is an investment firm that builds and invests in internet, software and technology-enabled companies.~~Stonecroft Management was founded in 2022 with the purpose of managing capital for Henry R. Kravis.~~The Simpson Thacher team included: Ryan Williams, Drew Harmon, Matt Gabbard, Chris Scavone and Nathaniel Little (M&A); Michael Wolitzer, Amanda McGovern, Irina Nica and Alex Starr (Funds); and Russell Light and Shoshana Schorr (Tax).