Sectores
Foley & Lardner LLP co-advised Comvest Credit Partners, the direct lending platform of Comvest Partners, in the formation of its latest flagship fund, Comvest Credit Partners V (“CCP V”), which today completed its final close. The fund closed with more than $1.3 billion of equity commitments and has provided credit to over 35 new and existing portfolio companies to date.
CCP V’s partners include public and private pension plans, financial and insurance companies, foundations and family offices. Its fundraising exceeded Comvest Credit Partners’ target. Foley was instrumental in the formation of CCP V, including establishing the fund offered in the European Union in Luxembourg.
Comvest Credit Partners is known for providing flexible financing to middle-market companies, often in complex and less competitive market segments. Its target borrowers are non-sponsored, independently sponsored and private equity-sponsored companies across various industries, including health care, technology, transportation, logistics, financial services, industrials, and consumer and retail. Transaction sizes are typically in the $25 million to $250 million range.
The Foley team was led by partner Stuart Fross and included partners Raj Tanden and Peter Fetzer, and associates Chris Ullman, Josh Barrom, Ashley May, Ken Nee and Michael Donadio.
