Investment veteran Comvest Partners has launched a structured capital investment platform amid the huge volatility and uncertainty in the global markets.
The firm has raised just over $250m for the firm’s debut fund, which will provide custom financing combine structured credit and non-control equity investments.
Comvest said the new platform adds an opportunistic hybrid approach to its long-standing stable of senior credit and control private equity investment platforms.
Firm senior partner Tom Clark said, “CSO I comes at a time when many companies seek targeted, non-traditional capital solutions to better navigate fast-moving market- or event driven challenges and opportunities.”
The vehicle will target North American companies with enterprise values of more than
$50m, in sectors including business and technology services, consumer and e-commerce, financial services and specialty finance, healthcare, industrial services, and transportation and logistics.
It said investment situations of interest include companies seeking growth capital, liquidity solutions, debt recapitalizations, dividends, purchases of shareholder stakes, distressed credits, and forward flow asset purchases.
ComVest closed its most recent credit fund on $1.3bn late last year. The firm filed to raise up to $1.7bn for a new vehicle, Credit Partners VI, in March this year.
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