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Laxman Pai, Opalesque Asia: Invesco Private Credit, the $48 billion private credit arm of global investment manager Invesco, held the final close of its Invesco Direct Lending Fund II and related investment vehicles with $1.4 billion in total investable capital.
The second vintage, Invesco Direct Lending Fund II, focuses on providing senior secured debt for sponsor-backed companies in North America, generally with earnings before interest, taxes, depreciation, and amortization between $20 million and $75 million. The raise is inclusive of leverage and separately managed accounts.
"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," Scott added.
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.
Ron Kantowitz, Managing Director and Head of Direct Lending said: "We continue t...................... To view our full article Click here
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