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Comvest Credit Partners Announces $400MM Credit Facility for Beyond Finance

October 27, 2022, 07:34 AM
Filed Under: Specialty Industries

Comvest Credit Partners acted as Administrative Agent on a $400 million senior secured credit facility to Beyond Finance, a Houston-based provider of success fee-based debt resolution services that has been part of Comvest’s Direct Lending portfolio since 2019. The Financing marks the fifth upsize Comvest has supported for Beyond Finance and will be used toward the Company’s ongoing operations and continued growth.

Founded in 2016, Beyond Finance quickly became a leader in the debt resolution industry by offering personalized debt reduction programs and an array of tools to help consumers successfully consolidate and resolve debt.

“This transaction highlights Comvest’s ability to provide versatile and tailored financing solutions that support the growth trajectories of specialty finance companies,” said Tim Kim, a Managing Director at Comvest and head of the Specialty Finance group. “We are thankful for Beyond Finance’s continued trust in Comvest, as we have expanded our relationship with the Company multiple times over the last three years, enabling the leadership team to pursue key operational initiatives and significantly expand Beyond Finance’s reach to consumers in need of debt resolution services.”

"Over the last four years, Comvest has been able to match our growth with a number of financing transactions,” said Tim Ho, Chief Executive Officer at Beyond Finance. “This new capital will help us continue to strengthen and scale the Beyond Finance platform and further our mission to help even more clients regain control of their finances.”

Pathlight Capital LP served as Documentation Agent on the transaction.







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