Comvest Partners, a middle-market private investment firm, promoted three key leaders of Comvest Credit Partners, its direct lending investment platform. Robert O’Sullivan has been appointed as CEO, Jason Gelberd as chief operating officer and Greg Reynolds as chief investment officer, effective immediately. With these appointments, Michael Falk, Comvest’s founder and CEO, assumes the role of executive chairman.
“We are fortunate to have an outstanding direct lending executive leadership team, and I am proud to announce the formalization of the strategic roles Robert, Jason and Greg have been fulfilling for quite some time,” Falk said. “They are all insightful and results-driven leaders whose extensive investment management experience, vision and contributions have been instrumental to Comvest Credit Partners’ growth and success.”
O’Sullivan, who was most recently managing partner, will continue to oversee management of Comvest Credit Partners. He joined Comvest in 2002 and, together with Falk, co-founded Comvest Credit Partners four years later. O’Sullivan’s responsibilities have encompassed every facet of Comvest’s credit investment business, including capital formation, investor relations oversight, investment product development and management, complex credit oversight and the expansion of Comvest’s investment product offerings to Limited Partners globally. O’Sullivan also serves as chairman and CEO of Commonwealth Credit Partners BDC I and AMG Comvest Senior Lending Fund, business development companies that invest in directly originated middle-market loans.
“I am excited about the opportunity to continue to partner with Michael and my exceptional colleagues in Comvest Credit Partners’ next phase of growth,” O’Sullivan said. “With its long-term performance record, strong support from our Limited Partners, and outstanding and committed investment team, Comvest Credit Partners remains uniquely positioned as a premier source of flexible debt financing solutions for midsize North American companies.”
In addition to their new roles, Gelberd and Reynolds will continue to serve as co-heads of direct lending. Gelberd joined Comvest in 2013. As chief operating officer, he will continue to oversee portfolio management and operations for both Comvest’s direct lending and special opportunities strategies.
Reynolds joined Comvest in 2010. As chief investment officer, he will continue to oversee the structuring and underwriting functions of both Comvest’s direct lending and special opportunities strategies.
As executive chairman, Falk will remain actively involved in Comvest’s leadership. He will continue to serve on all investment and operating committees and manage key relationships in addition to focusing on strategic and new growth opportunities for the firm.
