Manulife | Comvest Credit Partners, the private credit platform within Manulife Wealth & Asset Management focused on the North American middle market, closed South Cove 2025-3 CLO, a $377 million private credit collateralized loan obligation (CLO). The transaction marks the platform’s third new CLO issuance in 2025 and fifth since launching its debut CLO vehicle in 2024, for a total of more than $2.3 billion in middle market CLO assets.
“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,” Andrew Goldsmith, managing director of capital markets at Manulife | Comvest Credit Partners, said. “We appreciate the strong support from investors, which reflects their confidence in our disciplined credit approach and our ability to seek out consistent and durable performance results across market cycles.”
South Cove 2025-3 CLO, rated by Standard & Poor’s, is collateralized by a diversified portfolio of senior secured loans originated and managed by Manulife | Comvest Credit Partners. The CLO, which closed Nov. 21, 2025, features a three-year-plus reinvestment period and a one-year non-call period. The CLO was priced on Oct. 31, 2025, prior to Comvest Credit Partners’ majority acquisition by Manulife Investment Management on Nov. 3, 2025.
Scotiabank acted as the lead arranger in connection with the transaction.
