Comvest Credit Partners, its direct lending platform of Comvest Partners, a middle-market private investment firm, closed its latest flagship fund, Comvest Credit Partners V. CCP V closed with over $1.3 billion of equity commitments and has also secured credit facilities to increase its available capital.
Robert O’Sullivan, managing partner of Comvest Credit Partners, said, “We are pleased to mark the close of CCP V and are grateful for the strong support of both our existing and new limited partners, including public and private pension plans, financial and insurance companies, foundations, and family offices. The fundraise exceeded our target, which we believe is a reflection of our investors’ confidence in our highly experienced, long-tenured team and the platform’s track record of delivering consistently strong risk-adjusted returns.”
Comvest Credit Partners invests across a broad range of industries, focusing on healthcare, technology, transportation/logistics, financial services, industrials, and consumer/retail. Target borrowers consist of non-sponsored, independently sponsored, and private equity sponsored companies.
Kirkland & Ellis LLP and Foley & Lardner LLP served as legal advisors to Comvest Credit Partners in the formation of CCP V.