Invesco Private Credit Successfully Completes $1.4 Billion Direct Lending Fund Close

Invesco Private Credit, a premier player in the global private credit arena, has successfully closed its flagship fund, Invesco Direct Lending Fund II. This significant financial milestone marks the accumulation of $1.4 billion in investable capital, solidifying Invesco's strong position in the direct lending space.

Scott Baskind, the Chief Investment Officer and Global Head of Invesco Private Credit, expressed gratitude towards investors for their unwavering support. He highlighted the depth of resources and expertise that the dedicated direct lending team brings to the table. This team operates under the broader umbrella of Invesco Private Credit, which commands a massive $48 billion authorized under its management.

The Direct Lending Fund II will concentrate on originating senior secured loans primarily for core middle-market companies across North America, mainly those with an EBITDA ranging between $20 million and $75 million. The strategic focus is geared toward capital preservation, with disciplined asset selection and rigorous underwriting processes ensuring robust management of risks.

Invesco's capital deployment strategy emphasizes forming partnerships with established companies known for their stable cash-generating capabilities. The team aims to invest in businesses operating in industries with promising long-term growth trends. Given the high demands of private equity sponsors requiring flexible financing solutions and the significant demand for reliable sources of risk-adjusted returns, Invesco seeks to position itself as a leading partner in this market.

Ron Kantowitz, Managing Director and Head of Direct Lending, remarked on the market's favorable conditions and the burgeoning opportunities in the private equity sector. He noted that substantial amounts of capital have been raised, which is expected to lead to increased mergers and acquisitions activity. This flourishing environment allows Invesco to deploy funds efficiently into high-quality, reliable enterprises.

Invesco Private Credit is known for its collaborative culture, housing over 125 specialized professionals across four global offices. The firm is well-equipped to share knowledge and insights maximally, aiming to deliver superior investment experiences. By focusing on direct lending, broad syndicated loans, and distressed credit/special situations, Invesco has established itself as a leading private credit platform worldwide.

Invesco Ltd., the parent company of Invesco Private Credit, operates as a global investment management firm that aims to enhance the investment experience, helping clients make the most out of life. With a stellar market presence, managing approximately $1.85 trillion in assets for clients around the globe as of the end of 2024, Invesco continues to innovate within the financial investment landscape. As they move forward, their efforts to navigate the turbulent waters of economic changes and seize new opportunities remain steadfast. The recent close of the Direct Lending Fund II is a testament to their strategic planning and commitment to quality investment practices.

Topics Financial Services & Investing)

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