Foley Advises Comvest Credit Partners in Formation of $2B Credit Fund

Foley & Lardner LLP served as co-legal advisor to Comvest Credit Partners, the direct landing platform of the operationally focused middle-market private investment firm Comvest Partners, in the final close of its sixth flagship credit fund Comvest Credit Partners VI (CCP VI).

CCP VI raised $2 billion in equity commitments, exceeding its initial target fund size of $1.7 billion, to provide financing to mid-sized North American businesses. CCP VI’s Limited Partner base includes public and private pension plans, asset management firms, insurance companies, foundations, and family offices. CCP VI supports both private equity-sponsored and non-sponsored companies within targeted industries that include health care, financial services and specialty finance, business and technology services, consumer and retail, and manufacturing.

Through its private equity, direct lending and special opportunities investment platforms, Comvest Partners 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 more than $9.3 billion in assets, and has invested over $11 billion since its inception.

The Foley deal team included partners Stuart Fross and Raj Tanden, senior counsel Frank White, and associates Leslie Pinney, Mickey Luiz, and Patrick Kerrigan.