Kirkland & Ellis LLP advised Comvest Credit Partners on its final close of Comvest Capital IV, L.P., and affiliated funds (the Fund) with total equity commitments of $836 million, exceeding the initial fundraising target of $650 million. Together with fund-level leverage, total available capital is expected to exceed $1.2 billion. Comvest Credit Partners is the middle-market direct lending platform of Comvest Partners, a leading private investment firm. Since it was founded in 2000, Comvest Partners has raised more than $3.7 billion across its private equity and private credit funds. The full release is available here.
The Kirkland team was led by private funds partners Chris Kallos and Nicholas DiCrescenzo and included private funds associate Patrick Valenti; tax partners Donald Rocap and Daniel Meehan; employee benefits partner Elizabeth Dyer; European regulatory partner Prem Mohan; and investment management partners Scott Moehrke and Michael Chu.
In the past three years alone, Kirkland has advised nearly 300 private investment fund sponsors, raising more than 400 funds representing in excess of $315 billion of capital commitments.