West Palm Beach, FL, May 26, 2009 – The ComVest Group (“ComVest” or “Firm”) announced that Louis Colosimo has joined the Firm as a Partner, responsible for Marketing, Fund-Raising and Client Service. Mr. Colosimo will be based in New York, and will work closely with Managing Partner Michael Falk, Vice-Chairman Robert O’Sullivan, Partner Geoffrey Alexander and the entire senior team to broaden and strengthen the institutional investor base of the Firm. He most recently served as a Managing Director and senior member of the Private Equity Fund Advisory and Marketing Group at Lehman Brothers/Neuberger Investment Management. Prior to joining that group, he had been a senior member of the Insurance and Pension Solutions Group since joining Lehman in early 2005, providing senior level strategic coverage of insurance companies and pension clients.
ComVest Managing Partner Michael Falk said: “Louis has had a highly successful career in the institutional arena. We are delighted that he has chosen to continue that success as a ComVest partner. Our organization has been very focused on building the team, infrastructure, and processes required to provide the basis for predictable continued investment success in our niche. We look forward to working closely with Louis in servicing ComVest’s existing and new institutional relationships.”
“I’m delighted to be a part of such an established and well-respected private equity institution. Their history and performance speaks for itself, and with the successful combination of experienced investment professionals, an operational focus, limited use of leverage, lower middle-market niche, strong direct relationships, in addition to a unique sourcing platform, and significant GP commitments, they are extremely well-positioned to grow in the current market and the long term.” said Mr. Colosimo.
Prior to joining Lehman in 2005, Mr. Colosimo was a Managing Director in the Insurance Solutions and Client Management Group of J.P. Morgan Securities, responsible for providing senior level coverage of insurance company clients. Prior to that, Louis was a Managing Director at Morgan Stanley & Co. for 11 years, the last two years as a member of the Insurance Solutions and Senior Relationship Management Group, and prior to that in the Securitized Products Group as Head of CMBS Capital Markets.
He practiced real estate and banking law for two years before beginning his Wall Street career in the mortgage-backed securities department of Salomon Brothers in 1984. Louis holds a B.A. degree from Fordham University, and a J.D. from Fordham Law School.
For more information – (561) 868-6060, (212) 829-5880, or www.comvest.com.
The ComVest Group (“ComVest”) is a leading private investment firm focused on lending, investing in, and acquiring lower middle-market companies with enterprise values of less than $250 million Since 1988, ComVest has led investments of more than $2 billion of capital in over 200 public and private companies worldwide. Through its extensive financial resources and broad network of industry relationships, ComVest is able to offer its companies comprehensive financial sponsorship, critical strategic and operational support and business development assistance.