– Invictus Growth Partners is a private equity firm focused on growth buyouts of lower middle-market enterprise software businesses in cloud software, cybersecurity, and fintech.
– Fund II (Invictus Growth Fund II, L.P.) closed with total capital commitments of $574 million, including core fund and related co-investment funds.
– Fund II was oversubscribed at $488 million in fund commitments, exceeding its $350 million target and $450 million original hard cap.
– John DeLoche, Co-founder and Managing Partner: “We are honored and grateful for the support from our returning and new investors, which include pension plans, endowments, foundations, insurance companies, healthcare institutions, and family offices.”
– William Nettles, Co-founder and Managing Partner: “The early support and leadership from our existing investors helped to drive investor demand and facilitate a successful fundraise despite a challenging environment. We will continue our strategy of bringing a partnership approach and deep operating expertise and resources to our portfolio companies to help them scale.”
– The fund attracted commitments from a diverse base of investors including pension plans, endowments, foundations, insurance companies, healthcare institutions, and family offices.
– More than two-thirds of total committed capital came from new investors, broadening the institutional investor base.
– Invictus will continue its strategy of combining partnership approach, operational expertise, and proprietary technology to scale portfolio companies.
– The firm leverages DIANE (Deal Intelligence Assessment Neural Engine), its proprietary machine learning-powered sales engine, for investment sourcing and GTM (go-to-market) enhancements.
– 90% increase in direct sales efficiency has been achieved by portfolio companies using DIANE.
– 10 out of 12 platform investments were sourced through DIANE.
– Fund focus: companies with $10M+ annual recurring revenue, bootstrapped or with ARR exceeding capital raised, and with strong product-market fit and profitability (or near profitability).
– Portfolio companies benefit from the Invictus Guild, a team of seasoned operating executives across ten disciplines (e.g., sales, marketing, data science, HR, finance, CEO coaching).
– Guild members also invest personally in every portfolio company and serve as mentors and advisors.
– Zaid Abdul-Aleem, Partner and Head of Partner and Capital Solutions, led the Fund II raise.
