New hires for Comvest, Monroe

Comvest Partners has hired Bradley Nii while Monroe Capital has brought on Steve Hinrichs. Both will be based in Southern California.

Bradley Nii joined Comvest from Monroe to help manage the firm's direct lending, according to the company website. Nii, who will be based in Los Angeles, is responsible for originating, structuring and managing investments in the firm's direct lending platform.

Through the direct-lending division, Comvest offers secured and unsecured debt alongside equity co-investments to public and private companies with more than $3 million in EBITDA. The minimum investment size for Comvest's direct lending is $10 million.

At Monroe, Nii served as managing director and head of West Coast originations.  Before heading to the Chicago-based middle market lender, Nii was head of the west region sponsor finance group at American Capital. Nii also worked at B. Riley & Company, Lehman Brothers and at Ernst & Young, according to the Comvest website.

A Monroe representative declined to comment on Nii's departure. 

Monroe announced Wednesday (29 June) that it has hired Hinrichs as a managing director and Southern California region group head. He will be based in the firm's Los Angeles office and report to Tom Aronson, head of originations.

Hinrichs  came to Monroe after working as a managing director at Capital One Business Credit, where  he focused on establishing and growing the bank's presence on the West Coast.

Previously, he spent 16 years with Bank of America Business Capital, where he was a senior vice president and manager of a team responsible for asset-based financing transactions. Hinrichs also held positions at General Electric Capital Corporation, according to the announcement.  

A representatives for Comvest did not return calls seeking further detail by press time.

Comvest provides equity and debt capital to middle-market companies in the North America. Founded in 2000,the firm's funds manage $2.1 billion in assets. Comvest's headquarters is in West Palm Beach, Florida and it also maintains an office in Chicago .

Monroe Capital is a middle-market lender with approximately $3.2 billion in assets under management. Founded in 2004, the firm is based in Chicago and maintains seven other US offices and one in Toronto.