Invesco Private Credit, the global private credit arm of Invesco Ltd, has held the final closing of its flagship Invesco Direct Lending Fund II and related vehicles, with a total of $1.4bn in committed investable capital.
In a press statement, Scott Baskind, CIO and Global Head of Invesco Private Credit, credited the firm’s 36-year history and robust resources for the achievement. “Our dedicated direct lending team is part of the $48bn Invesco Private Credit platform, and our deep expertise has established us as a trusted partner in the core middle market,” Baskind said. Noting that leading private equity sponsors have increasingly turned to the group for flexible financing, while investors are drawn to its attractive risk-adjusted returns.
Ron Kantowitz, Managing Director and Head of Direct Lending meanwhile, highlighted the favourable market conditions that have bolstered investor confidence. “We are grateful to our investors for their support as we capitalide on attractive opportunities in this growing asset class,” he said. “Significant market tailwinds, coupled with record capital raised in the private equity sector, are driving robust M&A activity and creating ample opportunities to deploy capital in high-quality companies.”
Invesco Private Credit’s direct lending strategy focuses on originating senior secured loans to core middle market companies in North America, typically targeting businesses with EBITDA between $20m and $75m. The strategy emphasises capital preservation through disciplined asset selection and rigorous underwriting. By prioritising loans with a priority position in the capital structure and significant equity or junior capital cushions, the team aims to mitigate downside risk while capturing compelling returns.
With over 125 professionals operating across four global offices, Invesco Private Credit has built a market-leading platform that spans direct lending, broadly syndicated loans, and distressed credit/special situations.
