John Hancock Comvest Private Income Fund - EvergreenLink

John Hancock Comvest Private Income Fund

John Hancock Comvest Private Income Fund is a Delaware statutory trust and diversified, closed-end management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, with a continuous public offering of multiple share classes. The Fund seeks to generate current income and capital appreciation by investing primarily in middle-market companies, generally with EBITDA between $10 million and $100 million. Under normal circumstances, at least 80% of total assets are invested in senior private credit, including first-lien senior and unitranche loans, notes, bonds, bridge loans and other corporate debt, with smaller allocations to second-lien, subordinated and opportunistic credit. Comvest Credit Managers, LLC serves as the Fund’s investment adviser.

News and Notices

ManagerComvest Partners

Inception DateOct 17, 2023

Fund TypeNon-Traded BDC

Registration'40 Act

Repurchase FrequencyQuarterly

Subscription FrequencyDaily

CurrencyUSD

Fiscal Year EndDecember 31

News and Notices

Portfolio Holdings

Portfolio Composition

Growth

Capital Flows

Tender Offers

Share Classes

Returns

Fees

Ownership

Operating Metrics

Notices

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Dec 05, 2024

17:02

Debt Issuance

John Hancock Comvest Private Income Fund assumed Manulife Private Credit Fund’s JPMorgan loan obligations after the acquisition, with $467 million of debt outstanding and a 0.91x debt-to-equity ratio. The fund is now party to that financing arrangement.

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Oct 01, 2026

13:18

Ownership

Manulife (International) disclosed beneficial ownership of 1.4 million Class I common shares of John Hancock Comvest Private Income Fund, representing 5%. Manulife certified ordinary-course ownership without intent to influence control.

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May 01, 2025

13:14

Ownership

Manulife Private Credit Plus Fund reported that its beneficial ownership of John Hancock Comvest Private Income Fund's Class I common shares increased from 1,672,168 shares, or 8%, to 6,396,115 shares, or 23%, as of 09/30/2026.

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May 01, 2026

11:22

Ownership

Manulife Private Credit Plus Fund disclosed direct ownership of approximately 6.4 million common shares of John Hancock Comvest Private Income Fund as a ten percent owner as of September 30, 2026.

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Jul 30, 2026

17:31

Ownership

John Hancock Comvest Private Income Fund updated merger-related exhibits for its proposed combination with Manulife Private Credit Fund, including a tax opinion stating Manulife Private Credit Fund shareholders would recognize no gain or loss in the share exchange.

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Oct 30, 2023

17:09

Ownership, Subscription

John Hancock Comvest Private Income Fund completed its acquisition of Manulife Private Credit Fund on September 30, 2026, after 20.5 million votes supported the merger and none opposed. Manulife shareholders receive net asset value-based Class I shares, including fractional book-entry shares.

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May 23, 2025

11:01

Redemption

John Hancock Comvest Private Income Fund reported final repurchase offer results: the offer expired at 11:59 p.m. Eastern Time on September 18, 2026, with no shares validly tendered or accepted for purchase.

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Mar 16, 2024

16:28

Marketing Material, Ownership

John Hancock Comvest Private Income Fund proposed combining with Manulife Private Credit Fund, indicating about 0.82 Class I shares per Manulife share, with cash for fractional shares, based on June 30, 2026 values.

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Mar 16, 2024

00:15

Other

John Hancock Comvest Private Income Fund’s registration statement became effective on September 15, 2026 at 2:00 p.m., marking regulatory effectiveness under file number 333-296956.

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Sep 04, 2026

17:13

Marketing Material, Ownership, Performance

John Hancock Comvest Private Income Fund updated its merger proxy/prospectus with June 30, 2026 net asset values of $25.09 per share and $20.47 per Manulife Private Credit Fund share, implying 0.82 Class I shares per Manulife share.

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Debt

BDCs

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Manulife, John Hancock to merge BDCs into $1.3 billion platform

Jun 23, 2026

John Hancock Comvest Private Income Fund will absorb Manulife Private Credit Fund in a NAV-for-NAV transaction.

Who manages John Hancock Comvest Private Income Fund?Comvest Partners is responsible for managing John Hancock Comvest Private Income Fund.

When was John Hancock Comvest Private Income Fund incepted?John Hancock Comvest Private Income Fund launched in 2023.

How is John Hancock Comvest Private Income Fund registered?John Hancock Comvest Private Income Fund is registered as a '40 Act fund.

What type of fund is John Hancock Comvest Private Income Fund?John Hancock Comvest Private Income Fund is structured as a Non-Traded BDC fund.

How can investors access John Hancock Comvest Private Income Fund?You can invest in John Hancock Comvest Private Income Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.

How often can investors buy shares of John Hancock Comvest Private Income Fund?You can invest in John Hancock Comvest Private Income Fund daily, subject to eligibility and fund subscription deadlines.

How often can investors sell shares of John Hancock Comvest Private Income Fund?You can redeem shares of John Hancock Comvest Private Income Fund quarterly, subject to redemption limits and notice requirements.

What currency is John Hancock Comvest Private Income Fund offered in?Shares of John Hancock Comvest Private Income Fund can be purchased in USD.

When does John Hancock Comvest Private Income Fund close its fiscal year?John Hancock Comvest Private Income Fund's fiscal year end is December 31.

How big is John Hancock Comvest Private Income Fund?John Hancock Comvest Private Income Fund's net asset value was $477.5 million and its portfolio had a fair value of $937.9 million as of June 30, 2026.

What types of investments does John Hancock Comvest Private Income Fund make?Among other deal types, John Hancock Comvest Private Income Fund primarily makes Debt Investments.

What strategies does John Hancock Comvest Private Income Fund invest in?Among other asset classes, John Hancock Comvest Private Income Fund primarily invests in Direct Lending.

What geographies does John Hancock Comvest Private Income Fund have exposure to?Among other regions, John Hancock Comvest Private Income Fund primarily invests in the USA.

What management fee does John Hancock Comvest Private Income Fund charge?John Hancock Comvest Private Income Fund charges a 1.25% annual management fee, which is calculated based on NAV.

How much do investors need to invest for their first purchase of shares in John Hancock Comvest Private Income Fund?You can invest in CVEST-I shares with a minimum initial investment of $10,000.

How much are investors able to invest after their first purchase of shares in John Hancock Comvest Private Income Fund?You can invest in CVEST-I shares with a minimum subsequent investment of $500.

What happens if an investor sells shares of John Hancock Comvest Private Income Fund early?You will be subject to paying an early repurchase/redemption fee of 2%.

How has John Hancock Comvest Private Income Fund performed?John Hancock Comvest Private Income Fund's CVEST-I share class generated an annualized 1-month return of 10.31% and 2-year return of 9.48% as of June 30, 2026.

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