Key Takeaways
- • Manulife | Comvest Credit Partners has raised $5.4bn (£4bn) at the final close of Comvest Credit Partners VII, its North American direct lending strategy and the largest fundraise to date for the platform.
- • The fund focuses on middle-market cash flow and asset-based lending to both sponsored and non-sponsored companies, per the publication's report.
- • The latest vintage is described as already substantially deployed, with commitments from existing and new institutional investors.
- • Manulife acquired a 75 per cent stake in Comvest Credit Partners in August 2025, creating the combined $21.5bn private credit platform.
Summary
Manulife | Comvest Credit Partners has raised $5.4bn (£4bn) at the final close of its North American direct lending strategy, marking the largest fundraise to date for the platform, according to Alternative Credit Investor. The vehicle, Comvest Credit Partners VII, is the latest vintage of the manager's private credit strategy and focuses on middle-market cash flow and asset-based lending opportunities for both sponsored and non-sponsored companies.
Robert O'Sullivan, global head of Manulife | Comvest Credit Partners, said the strategy focuses on differentiated lending rather than the broadly syndicated segments of the market. The $21.5bn credit platform of Manulife Wealth & Asset Management said the fund is already substantially deployed and has attracted commitments from existing and new institutional investors.
Anne Valentine Andrews, global head of private markets at Manulife Investment Management, said: "This milestone reflects the sustained demand we're seeing for private credit, particularly for scaled platforms in the middle market."
The close follows Manulife's acquisition of a 75 per cent stake in Comvest Credit Partners, the direct lending platform of Comvest Partners, in August 2025. That transaction created the combined private credit platform now known as Manulife | Comvest Credit Partners.
Robert O'Sullivan, global head of Manulife | Comvest Credit Partners, said the strategy focuses on differentiated lending rather than the broadly syndicated segments of the market. The $21.5bn credit platform of Manulife Wealth & Asset Management said the fund is already substantially deployed and has attracted commitments from existing and new institutional investors.
Anne Valentine Andrews, global head of private markets at Manulife Investment Management, said: "This milestone reflects the sustained demand we're seeing for private credit, particularly for scaled platforms in the middle market."
The close follows Manulife's acquisition of a 75 per cent stake in Comvest Credit Partners, the direct lending platform of Comvest Partners, in August 2025. That transaction created the combined private credit platform now known as Manulife | Comvest Credit Partners.
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