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Laxman Pai, Opalesque Asia: Comvest Partners, a private investment firm that provides equity and debt capital to lower middle-market companies, announced that its direct lending platform Comvest Credit Partners has completed the final close of the sixth vintage of its flagship Comvest Credit Partners fund.
The $9.3 billion private investment firm said in a media release that Comvest Credit Partners VI raised $2bn in equity commitments, exceeding its initial target fund size of $1.7bn, and will provide loan financing to mid-sized North American businesses.
The fund's limited partner base includes public and private pension plans, asset management firms, insurance companies, foundations, and family offices.
Robert O'Sullivan, Managing Partner and a co-founder of Comvest Credit Partners said: "Comvest Credit Partners has been committed to providing flexible debt financing solutions that help drive meaningful growth of companies in our industries of expertise since 2006. We believe the strength of our fundraising 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."
"We believe our extensive originations network, highly experienced team, and ability to leverage the operating resources and sector expertise of the broader Comvest investment platform are differentiating capabilities that position Comvest Credit Partners as a strong and enduring source of non-bank...................... To view our full article Click here
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