Comvest Credit Partners has acted as Syndication Agent on the funding of a Senior Term Loan to CarbonLITE Industries, LLC., the largest producer of FDA-approved, bottle-grade post-consumer recycled polyethylene terephthalate (PET) resins in the United States. CVC Credit Partners acted as Administrative Agent for the Financing.

“We are impressed with CarbonLITE’s value proposition and management team. The Company is well positioned in the industry with a proven track record in the recycling space. We look forward to working with CarbonLITE as they execute on their growth initiatives,” said Jason Gelberd, Partner at Comvest Credit Partners.

Comvest Partners has rebranded its direct lending investment strategy as Comvest Credit Partners.

“We have made significant progress since launching our direct lending strategy in 2006. Our experience investing through credit cycles and our ability to cultivate relationships with intermediaries and private equity firms have allowed us to not only enhance our reputation in the market, but also grow Comvest Credit Partners’ AUM over time. Going forward, we believe our name change will more clearly reflect our investment strategy with our clients and partners,” noted Robert O’Sullivan, Managing Partner of Comvest Credit Partners.