Manulife | Comvest Credit Partners has closed a $428m (£319.5m) private credit collateralised loan obligation (CLO).
The transaction, dubbed Comvest Credit 2026-1 CLO, brings the firm’s total middle-market CLO assets under management to $2.7bn and expands its investor base across the US, Europe and Asia.
It also marks Manulife | Comvest Credit Partners’ sixth CLO since the launch of the strategy in 2024.
The CLO is backed by notes rated AAA through A and has a four-year reinvestment period and a two-year non-call period, the firm said.
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“CLOs are a key part of our financing capabilities, enabling us to efficiently fund our growing private credit platform while diversifying our capital base,” said Andrew Goldsmith, managing director of capital markets at Manulife | Comvest Credit Partners.
Deutsche Bank acted as lead arranger on the transaction.
Manulife | Comvest Credit Partners is the $20.3bn private credit platform of Manulife Wealth & Asset Management. The deal comes after insurer Manulife agreed to acquire a 75 per cent stake in Comvest Credit Partners in August 2025.
