Comvest Credit Partners, a provider of flexible direct financing solutions to middle-market companies, announced the close of Comvest Credit 2024-2 CLO, at $650 million.
Comvest CLO-2 reportedly follows Comvest Credit Partners’ debut collateralized loan obligation (CLO) vehicle back in July 2024.
Jason Gelberd, Partner, Chief Operating Officer and Co-Head of Direct Lending for Comvest Credit Partners said:
“We continue to leverage Comvest’s longstanding expertise in middle-market credit investment management to expand our alternative credit platform with products that help achieve our fund finance objectives. We believe access to the CLO market provides an efficient and cost-effective portfolio leverage management tool that also diversifies our funds’ financing base. We are thankful for the confidence of our new and existing investors in our approach.”
Comvest CLO-2 is rated by Standard & Poor’s and “collateralized by a diversified portfolio of senior secured loans, originated and managed by Comvest Credit Partners, with a three-year reinvestment period and a two-year non-call period.”
Deutsche Bank Securities Inc. served as the Lead Arranger. GreensLedge Capital Markets LLC plc acted as the Co-Placement Agent.
As mentioned in the announcement, Comvest Credit Partners, the direct lending platform of Comvest Partners, “focuses on providing flexible financing solutions to middle-market companies.”
Comvest Credit Partners provides “senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $300 million-plus.”
As noted in the update, Comvest Partners is a private investment firm that has provided equity and debt capital “to well-positioned middle-market companies throughout North America since 2000.”
Through its private equity, direct lending and credit investment platforms, Comvest offers tailored investment solutions “across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor.”
In 2025, Comvest Partners marked 25 years of investment management leadership, and says that it currently “manages $15.7 billion in assets, with over $16.8 billion invested since inception.”
Comvest Partners is based in West Palm Beach, with offices in Chicago and New York City.