Comvest PE Advisors

Investment decisions are led by co-founders Michael Falk and Steven Levesque, who serve as Managing Partners. The investment committee also includes senior professionals across the firm's credit, special situations, and private equity verticals (per firm disclosures, 2023).

Comvest sources deals through a combination of direct middle-market outreach, relationships with lower-middle-market investment bankers, and a network of operating partners. The firm's multi-strategy platform allows it to see opportunities that traditional credit or equity funds might miss because its flexible mandate enables solutions for complex situations (per the firm's marketing materials, 2023).

Comvest PE Advisors operates as a registered investment advisor and institutional asset manager, not a family office. The firm raises capital from institutional investors including pension funds, endowments, and insurance companies for its commingled funds and separate accounts (per SEC filings, 2023).

Comvest targets the lower middle market, focusing on companies with EBITDA between $10 million and $250 million. The firm provides capital across the capital structure — senior secured debt, unitranche loans, distressed debt, and control equity — making it stage-agnostic within that size band (per the firm's investor materials, 2023).

Comvest focuses on enterprise software, healthcare services, and industrial technology. The firm explicitly avoids early-stage technology, biopharmaceuticals, and real estate — sectors where its operational value-add model has less relevance (per the firm's sector guidelines, 2023).

Comvest operates almost exclusively through direct investments and direct lending, not through external fund commitments. The firm manages its own commingled funds and does not allocate capital to third-party managers (per the firm's investor reporting, 2023).

Comvest offers co-investment opportunities to limited partners in its funds on a select basis, typically for larger direct lending or special situations deals that exceed the fund's normal ticket size. Co-investments are structured as separately managed accounts or special purpose vehicles (per public filings, 2023).