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Comvest Credit Managers
Comvest Credit Managers was founded in 2000 by Michael E. Falk and Stephen D. Prince, who identified a gap in the middle-market credit landscape.
Comvest Credit Managers
Comvest Credit Managers was founded in 2000 by Michael E. Falk and Stephen D. Prince, who identified a gap in the middle-market credit landscape. The firm builds capital to meet the financing needs of companies with between $10 million and $150 million in EBITDA, focusing on credit as primary capital, not equity. The firm structures investments as senior secured loans, unitranche facilities, and sometimes second-lien or mezzanine instruments. Target companies are typically headquartered in the US or Canada, with some cross-border activity in Europe via portfolio-level exposures. Comvest Credit Managers prefers sponsor-backed or sponsor-aligned situations, but also entertains non-sponsor direct lending where cash flow is clear. Comvest Credit Managers manages $6.7 billion in assets as of 2023 (per the firm). The team numbers approximately 120 professionals across offices in West Palm Beach (HQ), New York, Chicago, and Los Angeles. The firm is owned by its management team and is independent, meaning no parent bank or insurance company dictates investment terms. Unlike many middle-market direct lenders, Comvest Credit Managers does not operate a fund-of-funds or commit to equity alongside its credit deals. This single-mandate structure — purely private credit — is a deliberate structural differentiator. The portfolio is built to generate current yield, with a disciplined emphasis on documented performance.
General information
Firm type
Private Credit
Year founded
2000
AUM
$6.7 billion (per Comvest, 2023)
Location
Region
North America
Country
United States
City
West Palm Beach
Corporate office
West Palm Beach, FL, United States
Additional offices
New York, NY · Chicago, IL · Los Angeles, CA
Principals
Michael E. Falk
Managing Partner
Stephen D. Prince
Managing Partner
David S. Winters
Chief Executive Officer
John R. O'Neill
Chief Investment Officer
Sector focus
Frequently asked questions
Who makes investment decisions at Comvest Credit Managers?
Michael E. Falk and Stephen D. Prince co-founded the firm in 2000 and serve as Managing Partners. David S. Winters is CEO, and John R. O'Neill is CIO. The firm's investment committee, which includes all four, makes final decisions on each deal (per public record).
Does Comvest Credit Managers invest only in sponsor-backed companies?
The firm prefers sponsor-backed or sponsor-aligned transactions, where a private equity firm provides oversight. However, Comvest Credit Managers also originates directly with high-quality non-sponsor issuers if cash flow and governance meet thresholds (per the firm's public commentary).
What types of credit structures does Comvest Credit Managers use?
The firm invests primarily in senior secured loans and unitranche facilities, with selective use of second-lien and mezzanine debt. Most structures are floating-rate and secured by first-lien collateral (per the firm's strategy description).
What is the typical size of Comvest's investment in a portfolio company?
Comvest Credit Managers typically commits between $15 million and $200 million per transaction (per the firm's website). The firm can lead or co-lean per middle-market norms.
How does Comvest Credit Managers source proprietary deal flow?
The firm relies on a network of relationships with private equity sponsors, intermediaries, and direct outreach to the management teams of companies that fit its credit criteria. Comvest Credit Managers operates a distinct origination team across its four offices (per the firm's marketing materials).
What sectors does Comvest Credit Managers avoid?
The firm rarely provides credit to commoditized sectors like retail, real estate, or inherently cyclical industries such as commodity extraction. It focuses on recurring-revenue services, software, healthcare, and business services where cash flow is predictable (per the firm's stated investment criteria).
Does Comvest Credit Managers also invest in equity alongside its credit?
No. The firm's stated mandate is purely credit — it does not take equity stakes or operate a co-investment equity fund alongside its debt platform. This separates Comvest Credit Managers from hybrid credit-equity managers (per the firm's public description).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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