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Alternative Assets  + Private Equity  | 
Comvest Closes 6th PE Fund at $881M

Comvest Closes 6th PE Fund at $881M

Comvest Partners, a middle-market private equity and credit investment firm, held the final close of its sixth flagship private equity fund, Comvest Investment Partners VI, with total capital commitments of $881 million.

The firm indicated it may raise up to $1.1 billion in a filing with the U.S. Securities and Exchange Commission in 2022, although it did not define whether this figure was a target or a hard cap.

As with its predecessor funds, CIP VI pursues control investments in middle-market companies throughout North America. The fund seeks to deploy up to $150 million of equity per investment in targeted industries including consumer, healthcare services, infrastructure and field services and professional and managed services.

“Comvest has a long tenure supporting middle-market companies that seek a seasoned partner to help grow their businesses. We are excited about the continued momentum of our firm, our private equity investment approach, and our team,” noted Maneesh Chawla, a managing partner and head of private equity strategy.

In recent years, the firm has raised more capital for its credit strategy, with Comvest Credit Partners V amassing more than $1.3 billion in 2021.

West Palm Beach, FL-based Comvest manages $10.4 billion in assets, and has invested over $12.4 billion since inception in 2000.

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Comvest Partners

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.