Comvest completes majority sale of Comvest Credit Partners to Manulife

Comvest Partners announced the completion of a previously announced strategic partnership involving the sale of a 75% interest in Comvest Credit Partners, its direct lending investment platform, to Manulife Financial (MFC) Corporation, through its more than $900B Global Wealth and Asset Management segment. Comvest Private Equity, Comvest’s private equity platform, is not part of this transaction, will remain independent, and will be rebranded in the coming months. The new private credit platform, Manulife Comvest Credit Partners, will unite Comvest’s deep expertise in U.S. middle-market direct lending with Manulife Investment Management’s extensive private equity sponsor network, deal sourcing capabilities, and global distribution network. The combined platform will enhance origination strength, broaden access to potential third-party capital, and deliver differentiated credit solutions to founder-owned and sponsor-backed businesses. It will be led by Robert O’Sullivan, Global Head of Private Credit, previously the Co-Founder and CEO of Comvest Credit Partners