ATLANTA, Feb. 11,
2025 /PRNewswire/ -- Invesco Private Credit, a
market-leading global private credit platform of Invesco, Ltd.,
today announced the successful close of its flagship Invesco Direct
Lending Fund II, which along with similar vehicles, total
$1.4 billion of investable
capital.
"Our dedicated direct lending team is part of the $48 billion Invesco Private Credit platform with
deep resources and expertise built over its 36-year history," said
Scott Baskind, CIO and Global Head
of Invesco Private Credit. "The direct lending team's capabilities
and experience have made the group a trusted partner in the core
middle market with leading private equity sponsors seeking flexible
financing and investors seeking compelling sources of risk-adjusted
returns."
"We are grateful to our investors for their support and
partnership as we continue to capitalize on the attractive
opportunities in this growing asset class," said Ron Kantowitz, Managing Director and Head of
Direct Lending. "We continue to see significant market and economic
tailwinds which, combined with record sums of capital raised in the
private equity sector, should drive robust M&A activity and
create the opportunity to deploy capital in high quality
companies.
Invesco Private Credit's direct lending team originates senior
secured loans of sponsored, core middle market companies primarily
in North America (EBITDA of
$20-75 million). The strategy is
heavily skewed towards capital preservation, with a keen focus on
disciplined asset selection and rigorous underwriting. The strategy
focuses on senior secured loans that inherently benefit from
downside risk mitigation given their priority position in the
capital structure and the significant junior capital and/or equity
cushion. The group targets middle market companies that are
well-established, have proven business models of stable cash
generation, and operate in industries with favorable long-term
trends.
About Invesco Private Credit
Invesco Private
Credit is a market-leading global private credit platform with
$48 billion in AUM, as of
December 31, 2024, and capabilities
across direct lending, broadly syndicated loans, and distressed
credit / special situations. With over 125 dedicated professionals
across four global offices, Invesco Private Credit is
well-resourced with a culture of collaboration and information
sharing. Invesco Private Credit is the business name of
Invesco Senior Secured Management, Inc., an indirect, wholly owned
subsidiary of Invesco Ltd.
About Invesco Ltd.
Invesco Ltd. is a global
independent investment management firm dedicated to delivering an
investment experience that helps people get more out of life. Our
distinctive investment teams deliver a comprehensive range of
active, passive, and alternative investment capabilities. With
offices in more than 20 countries, Invesco managed $1.85 trillion in assets on behalf of clients
worldwide as of December 31, 2024.
For more information, visit www.invesco.com.
Contact: Matthew Chisum |
212-652-4368 | matthew.chisum@invesco.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/invesco-private-credit-closes-1-4-billion-for-direct-lending-strategy-302373634.html
SOURCE Invesco Ltd.
