WEST PALM BEACH, Fla., March 19, 2024 – Comvest Partners, a prominent middle-market private equity and credit investment firm, has announced the successful final closing of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (“CIP VI”, or the “Fund”). The Fund secured total capital commitments of $881 million, signaling strong investor confidence in Comvest Partners’ strategy and approach.
Michael Falk, Founder and Chief Executive Officer of Comvest Partners, expressed his gratitude, stating, “We appreciate the strong reception CIP VI received from both our new and existing investors. We believe this successful fundraise is a reflection of Comvest’s extensive experience in the middle market, our nearly 25-year track record of delivering strong results for our investors, and the proven strength of our private equity strategy. We are thankful for the continued confidence our investors have placed in us and remain deeply committed to upholding that trust.”
Strong Investor Confidence in Comvest’s Middle Market Expertise
The successful fundraising for CIP VI underscores the robust confidence investors have in Comvest Partners’ specialized approach to the middle market. Comvest’s private equity strategy is built upon integrating deep investment, industry, and operational expertise with a strong emphasis on partnership and collaboration. This approach is designed to support company founders and management teams in scaling their businesses, enhancing operational performance, and ultimately driving significant value creation to help them achieve their full potential.
Maneesh Chawla, Managing Partner of Comvest and head of the firm’s private equity strategy, highlighted the significance of this milestone. “This successful fundraise is a clear testament to the experienced and highly capable investment team we have cultivated at Comvest,” Chawla noted. “Comvest Partners has a long and established history of supporting middle-market companies seeking a seasoned partner to facilitate their growth ambitions. We are enthusiastic about the ongoing positive momentum of our firm, the effectiveness of our private equity investment approach, and the strength of our team.”
CIP VI to Target Key Sectors Across North America
CIP VI will maintain the strategy of its predecessor funds, focusing on control investments in market-leading middle-market companies throughout North America. The Fund is strategically positioned to deploy up to $150 million of equity per investment, targeting key industries that align with Comvest Partners’ expertise. These sectors include consumer businesses, healthcare services, infrastructure and field services, and professional and managed services.
Comvest Partners’ investment approach with CIP VI is versatile, supporting a range of transaction types including founder and family transitions, leveraged recapitalizations, corporate divestitures, buyouts, complex situations, and public-to-private transactions. This flexible strategy allows Comvest Partners to engage with a wide array of middle-market opportunities and tailor solutions to meet the specific needs of each portfolio company.
Diverse Global Investor Base Backs CIP VI
CIP VI has garnered commitments from a diverse group of global investors, reflecting the broad appeal of Comvest Partners’ investment strategy. The investor base includes a mix of foundations, insurance companies, pension funds, asset managers, consultants, and family offices, demonstrating widespread institutional support for Comvest’s middle-market focus and proven track record.
About Comvest Partners
Comvest Partners is an operationally-focused private investment firm that has been a consistent provider of both equity and debt capital to well-positioned middle-market companies across North America since its inception in 2000. Through its distinct private equity, direct lending, and special opportunities investment platforms, Comvest Partners delivers tailored investment solutions across the capital structure. The firm is known for its deep industry and operating expertise, collaborative partnership approach, and extensive transaction experience as an active and engaged investor.
Currently managing $10.4 billion in assets, Comvest Partners has invested over $12.4 billion since its founding. Headquartered in West Palm Beach, Florida, Comvest also operates from offices in Chicago and New York, extending its reach and network across key financial centers. For further details about Comvest Partners and its investment strategies, please visit www.comvest.com.
Source: View source version on businesswire.com: https://www.businesswire.com/news/home/20240318459632/en/
Contacts: Lee Landrum, Partner, Investor Relations, Comvest Partners – [email protected]
