Middle-market private equity and credit investment firm Comvest Partners has closed its sixth flagship private equity fund, Comvest Investment Partners VI (CIP VI), with total capital commitments of $881m.
CIP VI attracted commitments from foundations, insurance companies, pension funds, asset managers, consultants and family offices.
According to a press release, CIP VI — as with the firm’s predecessor funds — pursues control investments in middle-market companies in North America, seeking to deploy up to $150m of equity per investment across consumer goods, healthcare services, infrastructure and field services and professional and managed services.
CIP VI supports founder and family transitions, leveraged recapitalisations, corporate divestitures, buyouts, complex situations and public-to-private transactions.
In a statement, Maneesh Chawla, a Managing Partner at Comvest who leads the firm’s private equity strategy, said: “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.”
Kirkland & Ellis advised Comvest in the formation of CIP VI.
