Manulife | Comvest Credit Partners, the private credit platform of Manulife Wealth & Asset Management, announced the closing of Comvest Credit 2026-1 CLO, a $428 million private credit collateralized loan obligation.
The transaction marks the platform’s sixth CLO issuance since launching its CLO strategy in 2024 and increases total middle market CLO assets under management to $2.7 billion. According to the company, the latest issuance further broadens its global investor base, which spans the United States, Europe, the United Kingdom, and Asia.
The notes, which received ratings ranging from AAA to A from Standard & Poor’s, are backed by a diversified portfolio of senior secured loans originated and managed by Manulife | Comvest Credit Partners. The CLO was priced on May 11, 2026, and officially closed on June 8, 2026.
The structure includes an approximately four-year reinvestment period and a two-year non-call period. Deutsche Bank served as lead arranger for the transaction.
Manulife | Comvest Credit Partners manages approximately $20.3 billion in assets and combines the private credit capabilities of Manulife Investment Management and Comvest Credit Partners. The platform provides financing solutions to both sponsored and non-sponsored companies and operates alongside Manulife Investment Management’s $24 billion private equity business.
The company said collateralized loan obligations represent an important source of financing that supports the continued growth of its private credit platform while diversifying its sources of capital. Despite a challenging market environment, the firm has continued expanding its CLO strategy and extending its reach into additional geographic markets.
Manulife Wealth & Asset Management, part of Manulife Financial Corporation, provides investment management, financial advice, and retirement services to individuals and institutions globally through investment teams covering equities, fixed income, alternative credit, private markets, and multi-asset solutions.
KEY QUOTE:
“CLOs are a key part of our financing capabilities, enabling us to efficiently fund our growing private credit platform while diversifying our capital base. This approach strengthens our ability to provide flexible, scalable credit capital to middle market borrowers while supporting our goal to deliver consistent performance for our investors across market cycles. We’re grateful for the continued support of our investors, whose confidence in our portfolio quality and disciplined approach has been instrumental to the growth of our CLO strategy in a challenging market environment as we expand into new geographic regions.”
Andrew Goldsmith, Managing Director of Capital Markets, Manulife | Comvest Credit Partners
