Comvest Partners (a leading middle-market private equity and credit investment firm) announced the final closing of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (CIP VI), with total capital commitments of $881 million.
Comvest’s private equity strategy features specialized investment, industry and operational expertise with the principles of partnership and collaboration for helping company founders and management teams scale their businesses, heighten operational performance and drive value creation to realize their full potential.
CIP VI has received commitments from a diverse investor group that includes foundations, insurance companies, pension funds, asset managers, consultants and family offices.
Just like with its predecessor funds, CIP VI pursues control investments in market-leading middle-market companies throughout North America. And the fund seeks to deploy up to $150 million of equity per investment in targeted industries such as consumer, healthcare services, infrastructure/field services, and professional/managed services.
Kirkland & Ellis LLP served as legal advisor to Comvest in the formation of CIP VI.
KEY QUOTES:
“We appreciate the strong reception CIP VI received from new and existing investors. We believe our successful fundraise reflects Comvest’s deep experience in the middle market, our nearly 25-year history of delivering results for our investors, and the strength of our private equity strategy. We are grateful for the continued confidence our investors have placed in us and remain committed to meeting that trust.”
– Michael Falk, Comvest’s founder and Chief Executive Officer
“This fundraising milestone is a testament to the experienced and proven investment team we have built at Comvest. Comvest has a long tenure supporting middle-market companies that seek a seasoned partner to help grow their businesses. We are excited about the continued momentum of our firm, our private equity investment approach, and our team.”
– Maneesh Chawla, a Managing Partner of Comvest and head of the firm’s private equity strategy
