Manulife to acquire 75% of Comvest Credit Partners, creating $18.4B private credit platform

Commonwealth Credit Partners BDC I, Inc.

• Manulife acquires 75% stake in Comvest's private credit business; Comvest retains day-to-day operations.
• Combined platform AUM of $18.4B (Comvest $14.7B + Manulife Senior Credit $3.7B).
• Transaction expected to close in Q4 2025, subject to customary conditions and approvals.
• No changes to Comvest leadership or investment process; business to be co-branded Manulife | Comvest.
• AMG will exit its credit position at close but maintain its interest in Comvest Partners' private equity business.