Sign In  |  Register  |  About Daly City  |  Contact Us

Daly City, CA
September 01, 2020 1:20pm
7-Day Forecast | Traffic
  • Search Hotels in Daly City

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Comvest Partners Announces Close of Sixth Flagship Private Equity Fund at $881 Million

Comvest Partners (“Comvest”), a leading middle-market private equity and credit investment firm, today announced the final close of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (“CIP VI”, or the “Fund”), with total capital commitments of $881 million.

“We appreciate the strong reception CIP VI received from new and existing investors,” said Michael Falk, Comvest’s founder and Chief Executive Officer. “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.”

Comvest’s private equity strategy integrates specialized investment, industry and operational expertise with the principles of partnership and collaboration to help company founders and management teams scale their businesses, heighten operational performance and drive value creation to realize their full potential.

“This fundraising milestone is a testament to the experienced and proven investment team we have built at Comvest,” said Maneesh Chawla, a Managing Partner of Comvest and head of the firm’s private equity strategy. “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.”

CIP VI received commitments from a diverse global investor group that includes foundations, insurance companies, pension funds, asset managers, consultants and family offices.

As with its predecessor funds, CIP VI pursues control investments in market-leading middle-market companies throughout North America. The Fund seeks to deploy up to $150 million of equity per investment in targeted industries including consumer, healthcare services, infrastructure and field services and professional and managed services. CIP VI’s approach supports founder and family transitions, leveraged recapitalizations, corporate divestitures, buyouts, complex situations, and public-to-private transactions.

Kirkland & Ellis LLP served as legal advisor to Comvest in the formation of CIP VI.

About Comvest Partners

Comvest Partners is an operationally focused 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 special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $10.4 billion in assets, and has invested over $12.4 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit www.comvest.com.

“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.”

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 DalyCity.com & California Media Partners, LLC. All rights reserved.