Kirkland Advises Comvest Partners on Closing $450 Million Comvest Capital III Above Target

Kirkland & Ellis LLP represented West Palm Beach, Fla.-based private equity firm Comvest Partners, which announced today the final closing of its third direct lending fund, Comvest Capital III, with $450 million in capital commitments. The $450 million amount is above the original cap, and is substantially higher than the original target of $350 million. The full release can be found here.

Comvest Capital III provides flexible financing solutions to companies in the lower middle-market across a broad range of industries, with a focus on companies in the healthcare, technology, transportation, financial services, media and manufacturing industries.

The Kirkland team was led by private funds partners Chris Kallos and Nicholas DiCrescenzo and included private funds associates Jonathan McPike and Brian Kolva, tax partners Donald Rocap and Daniel Meehan, employee benefits partner Laura Bader and associate Jake Glazeski, European regulatory partner Lisa Cawley, and investment management partner Scott Moehrke.

The Private Funds Practice at Kirkland & Ellis is one of the largest and most experienced sponsor-side practices in the world. Since 1995, Kirkland's private funds lawyers have represented approximately 430 unique private equity sponsors in more than 800 total funds, raising more than $570 billion.