Manulife | Comvest Credit Partners Closes Fifth CLO Fundraising $377 Million

Manulife | Comvest Credit Partners Closes Fifth CLO at $377 Million

On December 16, 2025, Manulife | Comvest Credit Partners announced the successful closing of its latest collateralized loan obligation (CLO), the South Cove 2025-3, valued at $377 million. This marks an important milestone for the private credit platform as it is the third CLO issuance of 2025 and the fifth overall since the business began issuing CLOs in 2024, significantly contributing to a total exceeding $2.3 billion in middle-market CLO assets.

Andrew Goldsmith, Managing Director of Capital Markets at Manulife | Comvest Credit Partners, stated, "We continue to demonstrate our capabilities as a CLO issuer, leveraging our CLO platform to diversify lending relationships and further scale our private credit franchise." The comments reflect a commitment to uphold robust investor trust in their disciplined credit assessment while ensuring sustainable performance results through various market cycles.

The newly closed South Cove 2025-3 CLO benefits from a diversified portfolio of senior secured loans, which have been originated and managed by the firm itself. This CLO was officially closed on November 21, 2025, including a three-year-plus reinvestment period, along with a one-year non-call period. Pricing for the CLO was established on October 31, 2025, ahead of the majority acquisition of Comvest Credit Partners by Manulife Investment Management on November 3, 2025.

In this transaction, Scotiabank played the role of Lead Arranger, enhancing the funding's reliability and broadening investor engagement. Manulife | Comvest Credit Partners emphasizes its mission of flexibility and innovation in providing tailored private credit solutions for both sponsored and non-sponsored companies. With a portfolio amounting to $19.5 billion in assets under management, the platform seeks to deliver attractive risk-adjusted returns to its investors.

Since its inception, the firm has focused on meeting the needs of the North American middle market, becoming an important player within that sector. The strategic merger with Manulife Investment Management allows for the integration of comprehensive resources and expertise, thus amplifying its market influence and operational capabilities.

In a landscape where private credit solutions are becoming essential for numerous companies, Manulife | Comvest Credit Partners has shown resilience and adaptability in its efforts to address the evolving needs of clients. Hence, the fifth CLO represents a firm step towards reinforcing its position in the financial services industry.

Furthermore, as companies navigate the complexities of market challenges and capital access, platforms like Manulife with its dedicated private credit approach become invaluable. Manulife has a history of prioritizing risk management and aims to empower individuals and institutions worldwide, making investment decisions simpler and enhancing their overall financial stability. As the firm progresses, the anticipation remains around how its continued growth will contribute to the broader investment landscape.

Manulife | Comvest Credit Partners stands poised for future opportunities, aiming to harness its strengths while remaining vigilant about market trends. Their forthcoming initiatives will undoubtedly focus on both maximizing investor value and maintaining a commitment to responsible financial stewardship.

For additional inquiries or information about Manulife | Comvest Credit Partners, interested parties are encouraged to visit their official website.