Insight

Comvest raises $881m for sixth fund

CIP VI's limited partners include foundations, insurance companies, pension funds, asset managers, consultants and family offices.

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  • The fund will invest in middle-market companies in North America
  • Kirkland & Ellis LLP served as legal advisor to Comvest in the formation of CIP VI
  • Based in West Palm Beach, Comvest manages $10.4 billion in assets

Comvest Partners has closed its sixth private equity fund at $881 million.

CIP VI’s limited partners include foundations, insurance companies, pension funds, asset managers, consultants and family offices.

The fund will invest in middle-market companies in North America.

“We appreciate the strong reception CIP VI received from new and existing investors,” said Michael Falk, Comvest’s founder and CEO in a statement. “We believe our successful fundraise reflects Comvest’s deep experience in the middle market, our nearly 25-year history of delivering results for our investors, and the strength of our private equity strategy. We are grateful for the continued confidence our investors have placed in us and remain committed to meeting that trust.”

CIP VI seeks to deploy up to $150 million of equity per investment in targeted industries including consumer, healthcare services, infrastructure and field services and professional and managed services.

Kirkland & Ellis LLP served as legal advisor to Comvest in the formation of CIP VI.

Based in West Palm Beach, Comvest manages $10.4 billion in assets, and has invested over $12.4 billion since inception.