Comvest Closes Sixth Credit Fund at $2B

Comvest Partners, an operationally focused middle-market private investment firm, through its direct lending platform, Comvest Credit Partners, has closed Comvest Credit Partners VI with $2 billion in equity commitments, exceeding its initial target of $1.7. billion, to provide financing to mid-sized North American businesses.

As with its predecessor funds, CCP VI provides primarily senior secured debt capital to middle-market companies in support of growth, acquisitions, buyouts, refinancings and recapitalizations with transaction sizes of up to $250 million.

The fund supports both private equity-sponsored and non-sponsored companies within healthcare services, financial services and finance, business and technology services, consumer and retail and industrials.

We believe the strength of our fundraise during a challenging market environment is a testament to our veteran investment team and the platform’s long-term track record through various market cycles,” said Robert O’Sullivan, Managing Partner and a co-founder of Comvest Credit Partners.

Comvest manages more than $9.3 billion in assets, and has invested over $11 billion since inception. Based in West Palm Beach, the firm also has offices in Chicago and New York.

Kirkland & Ellis LLP and Foley & Lardner LLP served as legal advisors to Comvest Credit Partners in the formation of CCP VI.