Comvest Partners has hired Jason Gelberd as a Managing Director in its lending business, Comvest Capital. In his new position, Mr. Gelberd will be responsible for originating, structuring, and managing Comvest Capital debt investments.
“We are delighted to have Jason join our lending team. He comes to us with a very strong credit background, and has demonstrated excellence developing creative structures to serve specialty industries that are relatively under-banked,” said Robert O’Sullivan, a partner of Comvest Capital. “Jason’s expertise lending to the specialty finance, education and healthcare industries is particularly complementary given that these are core industries of focus for Comvest. His addition marks a significant milestone as we continue to strengthen our lending platform serving less competitive segments of the lower middle market.”
Mr. Gelberd has nearly 20 years experience financing sponsored and non-sponsored middle-market companies in a variety of industries throughout the capital structure. Previously, Mr. Gelberd was a Director with Goldman Sachs Specialty Lending Group where he focused on underwriting and structuring senior and junior debt transactions to middle-market companies. Prior to Goldman Sachs, he was a Vice President at Antares Capital, providing senior and junior capital to private equity sponsor backed middle-market companies. He began his lending career at First Source Financial and LaSalle National Bank. Mr. Gelberd received an MBA from DePaul and a BBA in Finance from the University of Iowa.
The Comvest Group provides debt and equity to middle-market companies. For debt investments the firm will invest from $2 million to $20 million per transaction in companies with $10 million to $200 million of revenue that have positive or negative EBITDA. For equity investments the firm will invest from $10 million to $50 million per transaction in companies with $15 million to $500 million of revenue that have positive or negative EBITDA. Since 2000, Comvest has invested more than $1.7 billion of capital in over 115 public and private companies worldwide. The firm is based in West Palm Beach (www.comvest.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-15-13