Comvest hires Goldman Sachs director

Tom Goila joins as the low mid-market lender expands its direct lending. 

Comvest Partners direct lending group has added a former Goldman Sachs executive as managing director, the firm said on Monday.

Tom Goila will lead originations, structuring, and management of debt investments for the group, according to a statement.

Jason Gelberd, partner at Comvest, said in the statement that Goila and his team share a similar “credit and risk insight shaped by institutions that have demonstrated to be best in class”.

Goila has worked in mid-market finance for 15 years and was most recently a director of the specialty lending group at Goldman Sachs. While at the New York-based investment bank, he focused on originating debt investments and minority equity transactions in mid-market companies.

Prior to Goldman Sachs, Goila worked with BNP Paribas on providing senior and junior capital to private equity sponsored healthcare companies. He began his career in finance in the healthcare and investment banking division of First Union.

The hire comes as Comvest’s direct lending arm is expanding into the Northeast, opening a brand new office in New York this March. The West Palm Beach, Florida-based firm also has offices in Los Angeles and Chicago.

Goila will work from the Florida offices, according to a source familiar with the matter. The firm declined to comment on where he would be based.

Comvest has been raising its fourth direct lending fund since June 2016, as Private Debt Investor exclusively reported. The fund will seek $650 million.

The lower mid-market lending firm’s direct lending platform offers senior secured, unitranche, first-in last-out facilities, second lien and mezzanine loans as well as equity co-investments to publicly and privately owned companies  revenue greater than $15 million. Its typical investment size is between $10 million and $50 million, though some transactions have clocked in as high as $100 million.