Invesco Private Credit, a leading global private credit platform of Invesco, announced the closing of its flagship Invesco Direct Lending Fund II. Together with similar vehicles, this fund totals $1.4 billion of investable capital.
Invesco Private Credit’s direct lending team originates senior secured loans of sponsored and core middle market companies primarily in North America (EBITDA of $20-75 million). This strategy favors capital preservation, focusing on disciplined asset selection and rigorous underwriting.
The strategy also 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 well-established middle-market companies with proven business models of stable cash generation and operating in industries with favorable long-term trends.
KEY QUOTES:
“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. 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.”
- Scott Baskind, CIO and Global Head of Invesco Private Credit
“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. 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.”
- Ron Kantowitz, Managing Director and Head of Direct Lending
