AMG takes minority stake in Comvest

Affiliated Managers Group (AMG) announced this week it has acquired a minority equity interest in private equity firm Comvest Partners, with the proceeds from the transaction going directly into future funds to support the firm’s growth initiatives.

With $3.7 billion, Comvest offers a middle-market private debt and equity strategy to AMG’s existing stable of managers. AMG said it plans to accelerate Comvest’s growth initiatives.

Comvest has 100 employees, of which 54 are investment professionals, and is celebrating its 20-year anniversary this year, officials said.

“Comvest operates in . . .

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