West Palm Beach, FL., January 31, 2012 – The Comvest Group, a leading private investment firm focused on the lower middle-market, today announced the closing of its second private debt fund, Comvest Capital II (“CVC II”), with capital commitments of $250 million. The capital commitments in CVC II are from a diverse group of institutional investors and high net worth investors, including U.S. and European global private equity investors.
This latest Comvest Capital fund will provide direct, flexible debt capital solutions to companies in the lower middle-market across a broad range of industries, including, but not limited to, healthcare, technology, transportation, financial services, media and manufacturing.
Robert O’Sullivan, Managing Partner of CVC II, added, “Our limited partners understand the tremendous opportunities that exist for this underserved segment of the market. Dislocation in the capital markets continues to provide us with a robust pipeline of investment opportunities, and we remain excited about the continued execution of our strategy.”
The Comvest Group provides flexible financing solutions to lower middle-market companies, often meeting time-critical and complex funding requirements. Our firm includes seasoned, senior level operating executives at all levels who partner with managers and owners of companies to operationally improve businesses and create long-term value. Since 2000, Comvest has invested more than $1.3 billion of capital in over 100 public and private companies.