Manulife | Comvest Credit Partners has raised $5.4 billion of total investable capital through the final close of Comvest Credit Partners VII and related transaction vehicles, representing the largest fundraising effort in the private credit platform’s history.
CCP VII is the latest fund in the platform’s flagship North American direct lending strategy and focuses on financing middle-market companies through both cash-flow and asset-based lending opportunities.
The strategy invests across sponsored and non-sponsored companies and is designed to shift capital toward opportunities offering attractive relative value as market conditions change.
Rather than competing primarily for broadly syndicated transactions, Manulife | Comvest Credit Partners focuses on credit situations where complexity, structuring capabilities, and relationship-driven sourcing can create differentiated opportunities.
The fund is already substantially deployed. It attracted commitments from both existing and new institutional investors, expanding the platform’s global limited partner relationships.
Manulife | Comvest Credit Partners manages approximately $21.5 billion in assets and combines Manulife Investment Management’s scale with Comvest’s private credit expertise and middle-market origination capabilities.
The private credit platform operates alongside Manulife Investment Management’s approximately $24 billion private equity program and broader global distribution network.
KEY QUOTES:
“CCP VII builds on the momentum we’ve established over the past 20 years. Rather than competing in the most broadly syndicated segments of the market, we focus on differentiated lending opportunities where complexity, structuring expertise, and relationship-driven origination create the potential for compelling risk-adjusted returns.”
Robert O’Sullivan, Global Head of Manulife | Comvest Credit Partners
“This milestone reflects the sustained demand we’re seeing for private credit, particularly for scaled platforms in the middle market. In a dynamic market environment, institutional investors are increasingly focused on managers with the breadth of platform, sourcing capabilities, and discipline to deploy capital effectively and who seek to consistently deliver for clients.”
Anne Valentine Andrews, Global Head of Private Markets at Manulife Investment Management
