Comvest Credit Partners announces investment in Above Lending, Inc.
WEST PALM BEACH, Fla., July 20, 2021 (GLOBE NEWSWIRE) – Comvest Credit Partners (“Comvest”) acted as administrative agent and sole lender in providing a senior secured credit facility of $ 50.0 million. dollars (the “Funding”) to Above Lending, Inc. (“Above Lending”), a consumer loan company. The funding will be used to finance the origination and acquisition of consumer loans.
About the above loans:
Above Lending is a consumer finance company that creates and markets unsecured debt consolidation loans to qualifying consumers. For more information, please visit their website.
About Comvest Credit Partners:
Comvest is focused on providing flexible financing solutions to mid-market companies. Comvest provides senior secured, unitranche, second-tier and mezzanine capital to sponsored and unsponsored companies in support of growth, acquisitions, buyouts, refinances and recapitalizations. Credit facilities typically range from $ 25 million to $ 200 million for businesses with revenues over $ 20 million. Comvest has offices located in West Palm Beach, Chicago and New York. For more information, please visit the website.
About Comvest partners:
Comvest Partners is a private investment firm providing capital and debt to mid-market companies in the United States. Since its inception in 2000, Comvest has invested over $ 6.1 billion. Today, Comvest Partners manages approximately $ 5.0 billion in assets. With vast capital resources and an extensive industrial relations network, Comvest Partners provides companies with financial sponsorship, essential strategic and operational support and business development assistance. For more information, please visit the website.