About This Fund
Comvest Credit 2025-2 CLO is a $403 million collateralized loan obligation (CLO) issued by Comvest Credit Partners, the direct lending and alternative credit platform of Comvest Partners. Announced and closed in August 2025, this CLO represents Comvest Credit Partners' fourth new CLO issuance in the preceding twelve months and its second CLO transaction in 2025 alone. It is rated by Standard & Poor's and collateralized by a diversified portfolio of senior secured loans originated and managed by Comvest Credit Partners.
The CLO is structured with a four-and-one-third-year reinvestment period and a two-year non-call period, providing stable, long-duration financing for the underlying loan portfolio. Deutsche Bank served as Lead Arranger for the transaction. The collateral pool consists of senior secured, unitranche, and second lien loans to middle-market companies across North America, with individual credit facilities of up to $300 million or more. Comvest Credit Partners positions CLO vehicles as an efficient, cost-effective portfolio leverage management tool that diversifies financing sources away from traditional bank credit facilities, targeting both sponsored and non-sponsored middle-market companies for leveraged buyouts, acquisitions, growth financings, refinancings, and recapitalizations.
Comvest Credit Partners has rapidly scaled its CLO program since its debut transaction in September 2024 ($500 million), followed by the second CLO (Comvest Credit 2024-2 CLO) at $650 million in March 2025, a third CLO at $403 million, and this fourth transaction. Comvest Partners, the parent firm, manages $16.6 billion in assets as of 2025 and has invested over $19.2 billion since its founding in 2000. Comvest Credit Partners received PitchBook's Gold Badge for Direct Lending in 2024, recognizing it as a top-tier manager for alpha generation in the direct lending space. The firm is headquartered in West Palm Beach, Florida, with offices in Chicago and New York.