Private company

John Hancock Comvest Private Income Fund

John Hancock Comvest Private Income Fund is a fund registered in the United States, based in Stamford, active since 2023.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersStamford, United States2
  • Incorporated inDE3
  • Business address360 S. Rosemary Avenue, Suite 1700, West Palm Beach, Fl 334013
  • Filer category, Emerging growth company3
  • Legal formFUND2
  • Kind of organizationFund2
  • LEI254900SMAB5A493XF9122
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withSecurities and Exchange Commission, 00019872212

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income5$34.4M in 2025+357% since 2024
0$10.0M$20.0M$30.0M$40.0M2024: $7.5M$7.5M20242025: $34.4M$34.4M2025+357%
Fiscal year2023202420252026
Operating expenses$9.3M8
Net income$7.5M5$34.4M5
Earnings per share$2.335$2.385
Earnings per share (diluted)$2.335$2.385
Shares (weighted, basic)3.2M shares514.5M shares5
Shares (weighted, diluted)3.2M shares514.5M shares5

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Corporate structure

John Hancock Comvest Private Income Fund sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of John Hancock Comvest Private Income Fund

  • Manulife (International) Ltd Filed SCHEDULE 13G on John Hancock Comvest Private Income Fund, latest Oct 1, 2026
  • John Hancock Comvest Private Income Fund Stamford, Connecticut, United States
    • Comvest SLF Subsidiary · California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What John Hancock Comvest Private Income Fund reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.4M8 Dec 31, 2024$8.5M8 Dec 31, 2023+139.6%

Properties, in its own words

We maintain our principal executive office at 360 S. Rosemary Avenue, Suite 1700, West Palm Beach, FL 33401. We do not own any real estate. We believe that our present facilities are adequate to meet our current needs. If new or additional space is required, we believe that adequate facilities are available at competitive prices in the same area.

Item 2 of the 10-K filed Mar 25, 2026.9

Leadership

Who has led John Hancock Comvest Private Income Fund, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert O'Sullivan2023

Chief financial officer

  1. Cecilio M. Rodriguez2023
2025
Board members and other officers (13)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Comvest SLF California, LLC4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • AMG Comvest Senior Lending FundOct 24, 2023 to Oct 30, 20253
  • Comvest Credit Partners BDC Fund, L.P.Aug 16, 2023 to Oct 23, 20233

Timeline

  1. Oct 5, 20268-K New debt or obligation; Other events24
  2. Sep 30, 20268-K Entered a material agreement; Completed an acquisition or sale; Shareholder vote25
  3. Sep 2, 20268-K Other events26
  4. Aug 4, 20268-K Other events27
  5. Jul 6, 20268-K Other events28
  6. Jun 23, 20268-K Entered a material agreement29
  7. Jun 1, 20268-K Other events30
  8. May 1, 20268-K Other events31
  9. Apr 16, 20268-K Entered a material agreement; New debt or obligation32
  10. Apr 1, 20268-K Other events33
  11. Mar 12, 20268-K Other events34
  12. Feb 23, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote35
  13. Oct 23, 2023New chief executive Robert O'Sullivan becomes CEO10
  14. Jun 28, 2023Founded John Hancock Comvest Private Income Fund is founded2

Filings

131 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 42 major events, 18 insider forms, 3 large holders, 57 other. The latest 20:

  1. Oct 5, 20268-K EDGAR
  2. Oct 1, 20263 PRIMARY DOCUMENT EDGAR
  3. Oct 1, 2026SCHEDULE 13G EDGAR
  4. Oct 1, 2026SCHEDULE 13G/A EDGAR
  5. Oct 1, 2026POS EX EDGAR
  6. Sep 30, 20268-K EDGAR
  7. Sep 23, 2026SC TO-I/A EDGAR
  8. Sep 16, 2026424B3 EDGAR
  9. Sep 15, 2026EFFECT EDGAR
  10. Sep 4, 2026N-14 8C/A EDGAR
  11. Sep 2, 20268-K EDGAR
  12. Aug 19, 2026SC TO-I EDGAR
  13. Aug 13, 202610-Q EDGAR
  14. Aug 12, 2026N-14 8C/A EDGAR
  15. Aug 4, 20268-K EDGAR
  16. Jul 6, 20268-K EDGAR
  17. Jul 6, 2026SCHEDULE 13G EDGAR
  18. Jun 23, 2026SC TO-I/A EDGAR
  19. Jun 23, 2026425 EDGAR
  20. Jun 23, 20268-K EDGAR

The 131 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 23, 2025Rakowski EricDirectorBuy5,922$25.33$150.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How John Hancock Comvest Private Income Fund is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARJohn Hancock Comvest Private Income Fund1
  • CIK0001987221
  • Employer ID (EIN)93-41095719
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company9
  • Incorporated inDelaware9
  • Fiscal year endsDecember 311
  • Business address360 S. Rosemary Avenue, Suite 1700, West Palm Beach, FL 334011
  • Phone(561) 727-22001
  • Shares outstanding20,510,380 as of Aug 13, 20267
  • Public float$0 as of Dec 31, 20255
  • AuditorErnst & Young LLP, Miami, Florida PCAOB ID 42; no auditor attestation of internal control over financial reporting9
  • On EDGAR sinceAug 16, 20231
  • Filings136 in all: 8-K (42), 3 (16), 10-Q (8), SC TO-I (7), SC TO-I/A (7), 40-APP/A (6), 424B3 (6), CORRESP (5)1
    All 33 form types

    10-K (3), 40-17G (3), 40-APP (3), 486BPOS (2), DEF 14A (2), DRS/A (2), EFFECT (2), N-14 8C/A (2), PRE 14A (2), SCHEDULE 13G (2), UPLOAD (2), 10-12G (1), 10-12G/A (1), 3/A (1), 4 (1), 425 (1), APP ORDR (1), APP WDG (1), DRS (1), N-14 8C (1), N-2 (1), N-2/A (1), N-54A (1), POS EX (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Feb 5, 2026
    Latest 8-K (8-K) Oct 5, 2026

Risk factors and legal proceedings

The risks John Hancock Comvest Private Income Fund names in Item 1A of its 10-K filed Mar 25, 2026: 77 risks under these headings, as written.9

  • RISKS RELATING TO OUR BUSINESS AND STRUCTURE
  • We have a limited operating history.
  • We operate in a highly competitive market for investment opportunities and may not be able to compete effectively.
  • We do not expect to replicate the historical performance of other entities managed or supported by Comvest.
  • Our ability to achieve our investment objective depends on key investment personnel of Comvest and the Investment Adviser. If Comvest and the Investment Adviser were to lose any of their key investment personnel, our ability to achieve our investment objective could be significantly harmed.
  • A renewed disruption in the capital markets and the credit markets could adversely affect our business.
  • There is uncertainty as to the value of our portfolio investments because most of our investments are, and may continue to be, in private companies and recorded at fair value. In addition, the fair values of our investments are determined by our Investment Adviser, subject to oversight by our Board, in accordance with our Valuation Policy.
  • Our business, results of operations and financial condition depend on our ability to manage future growth effectively.
  • We may borrow money, which could magnify the potential for gain or loss on amounts invested in us and increase the risk of investing in us.
  • If we are unable to comply with the covenants or restrictions in our borrowings, our business could be materially adversely affected.
  • Although we have commenced a share repurchase program, we have discretion to not repurchase shares, and our Board has the ability to amend or suspend the program.
  • We may need to raise additional capital to grow.
The other 66 risks
  • We are exposed to risks associated with changes in interest rates.
  • We are subject to risks associated with artificial intelligence and machine learning technology.
  • Global economic, political and market conditions, including downgrades of the U.S. credit rating and, ongoing geopolitical conflicts, may adversely affect our business, results of operations and financial condition, including our revenue growth and profitability.
  • The outcome of the U.S. presidential, congressional and other elections creates significant uncertainty with respect to the legal, tax and regulatory regime in which we and our portfolio companies will operate.
  • Changes to U.S. tariff and import/export regulations may have a negative effect on our portfolio companies.
  • We, our wholly-owned direct subsidiaries, the Investment Adviser, and our portfolio companies may maintain cash balances at financial institutions that exceed federally insured limits and may otherwise be materially affected by adverse developments affecting the financial services industry, such as actual events or concerns involving liquidity, defaults or non-performance by financial institutions or transactional counterparties.
  • RISKS RELATING TO OUR OPERATIONS
  • Because we intend to distribute substantially all of our income to our shareholders to maintain our status as a RIC, we will continue to need additional capital to finance our growth. If additional funds are unavailable or not available on favorable terms, our ability to grow may be impaired.
  • Our ability to enter into transactions with our affiliates is restricted.
  • The Investment Adviser has significant potential conflicts of interest with us and, consequently, your interests as shareholders which could adversely impact our investment returns.
  • The Investment Adviser’s liability is limited under the Investment Management Agreement, and we have agreed to indemnify the Investment Adviser against certain liabilities, which may lead the Investment Adviser to act in a riskier manner than it would when acting for its own account.
  • The Investment Adviser can resign upon 120 days’ notice, and a suitable replacement may not be found within that time, resulting in disruptions in our operations that could adversely affect our business, results of operations and financial condition.
  • If we fail to maintain our status as a BDC, our business and operating flexibility could be significantly reduced, and we may be subject to numerous restrictions on our activities, including restrictions on leverage and on the nature of our investments.
  • If we do not invest a sufficient portion of our assets in qualifying assets, we could be precluded from investing in certain assets or could be required to dispose of certain assets, which could have a material adverse effect on our business, financial condition and results of operations.
  • Our ability to invest in public companies may be limited in certain circumstances.
  • Regulations governing the operations of BDCs may affect our ability to raise additional equity capital as well as our ability to issue senior securities or borrow for investment purposes, any or all of which could have a negative effect on our investment objectives and strategies.
  • Our business model in the future may depend to an extent upon our referral relationships and the inability of the investment professionals of the Investment Adviser to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business strategy.
  • Determinations by Our Board.
  • Our Board may change our investment objective, operating policies and strategies without prior notice or shareholder approval, the effects of which may be adverse to your interests as shareholders.
  • We will be subject to corporate-level U.S. federal income tax on all of our income if we are unable to maintain tax treatment as a RIC under Subchapter M of the Code, which would have a material adverse effect on our financial performance.
  • We may not be able to pay you distributions on our Shares, our distributions to you may not grow over time and a portion of our distributions to you may be a return of capital for U.S. federal income tax purposes.
  • We may have difficulty paying our required distributions if we recognize taxable income before or without receiving cash representing such income.
  • If we are not treated as a “publicly offered regulated investment company,” as defined in the Code, U.S. shareholders that are individuals, trusts or estates will be taxed as though they received a distribution of some of our expenses.
  • Risks arising from potential controlled group liability.
  • Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy.
  • We cannot predict how tax reform legislation will affect us, our investments, or our shareholders, and any such legislation could adversely affect our business.
  • Our business and operations could be negatively affected if we become subject to any securities litigation or shareholder activism, which could cause us to incur significant expense and hinder execution of investment strategy.
  • Internal and external cyber threats, disease pandemics, as well as other disasters, could impair our ability to conduct business effectively.
  • The Fund is Subject to Risks Arising from Compliance with the SEC’s Regulation Best Interest.
  • RISKS RELATING TO OUR INVESTMENTS
  • Investment risks generally.
  • Senior Secured Loans and Senior Secured Bonds.
  • Unitranche Debt.
  • Unfunded Loans.
  • Loan Syndication Risk.
  • Subordinated Debt.
  • Equity Investments.
  • Preferred Securities.
  • Non-U.S. Securities.
  • Junior, Unsecured Securities.
  • Mezzanine Loans.
  • A portion of the loans in which we may invest may be covenant-lite loans.
  • Bridge Financings.
  • Restructurings.
  • Breach of Covenant.
  • Our investments in portfolio companies may be risky, and we could lose all or part of any of our investments.
  • Our investment strategy, which is focused primarily on privately held companies, presents certain challenges, including the lack of available information about these companies.
  • Our investments in securities rated below investment grade are speculative in nature and are subject to additional risk factors such as increased possibility of default, illiquidity of the security, and changes in value based on changes in interest rates.
  • Our portfolio may be concentrated in a limited number of industries, which may subject us to a risk of significant loss if there is a downturn in a particular industry in which a number of our investments are concentrated.
  • Defaults by our portfolio companies may harm our operating results.
  • The lack of liquidity in our investments may adversely affect our business.
  • Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing our NAV through increased net unrealized losses.
  • If we are unable to make follow-on investments in our portfolio companies, the value of our investment portfolio could be adversely affected.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • The disposition of our investments may result in contingent liabilities.
  • There may be circumstances where our debt investments could be subordinated to claims of other creditors or we could be subject to lender liability claims.
  • We may enter into repurchase agreements or reverse repurchase agreements.
  • We generally do not control our portfolio companies.
  • Economic recessions, downturns or government spending cuts could impair our portfolio companies and harm our operating results.
  • Inflation could adversely affect the business, results of operations and financial condition of our portfolio companies.
  • We may invest in derivatives or other assets that expose us to certain risks, including market risk, liquidity risk and other risks similar to those associated with the use of leverage.
  • Risks associated with leverage.
  • We may be subject to additional risks if we invest in foreign securities and/or engage in hedging transactions.
  • Transactions denominated in foreign currencies subject us to foreign currency risks.
  • Prepayment Risk.
  • Priority of Repayment.
  • Enforcement Delays.
  • Fraud, Misrepresentation or Omission by a Borrower.

Legal proceedings

We are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, we do not expect that these proceedings will have a material effect upon our financial statements.

The opening of Item 3, Legal Proceedings.9

Sources

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    SEC EDGAROther events
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