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Invictus Growth Partners, a private equity firm, has successfully raised $574 million for its second fund.

Investment group Invictus Growth Partners secures $574 million for its second primary fund and associated co-investment vehicles, surpassing its initial target of $488 million.

Investment firm Invictus Growth Partners manages to collect $574 million for its second main fund...
Investment firm Invictus Growth Partners manages to collect $574 million for its second main fund and linked co-investment vehicles, with Fund II being oversubscribed at $488 million.

Invictus Growth Partners, a private equity firm, has successfully raised $574 million for its second fund.

Title: Invictus Growth Partners on a Roll: $574M Fund II Closure

Divulging some juicy details, those clever cats at Invictus Growth Partners have raised an eye-popping $574 million for their second flagship fund and related co-investment vehicles. That's right! Fund II's target of $350 million was shattered, and it even smashed past the original hard cap of $450 million, reaching an astonishing $488 million in fund commitments!

Founded in 2019 by the savvy duo John DeLoche and William Nettles, this Private equity firm concentrates on growth buyouts of enterprise software companies, with a preference for the cloud, cybersecurity, and fintech sectors. They take a liking to those underdogs who've been self-funded, with at least $10M in annual revenue to boast.

Invictus Fund II: All Aboard!

With their sights set on AI-powered sectors such as manufacturing, autos, and energy, DeLoche shares his conviction: "AI and machine learning are at a critical juncture. Companies adopting them will thrive, leaving those who shy away behind like Blockbuster."

The San Mateo-based venture firm's latest fund haul includes $488 million for Fund II and $86 million for co-investments, and it surpassed the debut fund size, doubling its $216 million counterpart in 2022, accompanied by $106 million for co-investments. The New York State Common Retirement Fund, also an investor in the firm's debut fund, joins the nogoodnicks of the New Mexico State Investment Council, newcomer investors on this unforgettable ride.

A whopping two-thirds of the fund's capital came from brand-spanking new institutional investors, including foundations and university endowments, ensuring that the firm rides this cash wave to the finish line!

So far, Invictus has invested more than a quarter of Fund II's capital across three deals, and the fourth one's been nipped at the heels! The acquisition of ThreatModeler, a cybersecurity company, marked a defining moment—the first investment from the new fund.

The Strategic Guru: Invictus Growth Partners' Master Plan

With a knack for buying out lower middle-market enterprise software businesses in the cybersecurity and financial sectors, Invictus targets companies that generate at least $10 million in annual recurring revenue and are either just scraping by profit-wise or sailing close to the break-even point. Their sweet spot: startups that are hot stuff in the market, profitable or nearly so. Ten out of twelve investments were sourced through DIANE, Invictus' AI-powered sales tool that discovers and evaluates golden investment opportunities. DIANE (Deal Intelligence Assessment Neural Engine) prides itself on high-efficiency outbound sales and deal sourcing.

"We're riding shotgun with must-have, mission-critical software companies that are solving business headaches on a grand scale," Nettles proclaims. For DeLoche, AI has skyrocketed in importance, becoming a cornerstone for Invictus' investment objectives.

Invictus delivers more than just fiscal assistance; they also bring operational expertise, mentorship, and industry best practices to their portfolio companies, with the DIANE platform boosting go-to-market (GTM) strategies by an incredible 90% for these companies!

But wait, there's more! Invictus' portfolio companies benefit from the Invictus Guild, a team of veteran operators who've got the lowdown at tech powerhouses. These all-stars serve as mentors and advisors, working with portfolio companies and even investing in each one of them!

Now You Know...

Since their inception, this power duo has completed a dozen platform investments and add-on acquisitions in cloud software, cybersecurity, and fintech. Invictus has already committed more than a quarter of Fund II's capital across three deals, and there's more to come! With DIANE at the helm and the Invictus Guild by their side, Invictus Growth Partners are setting the stage for a tech takeover!

  1. Invictus Growth Partners, a private-equity firm that specializes in growth buyouts of enterprise software companies, has raised an impressive $574 million for their second flagship fund, Fund II.
  2. The San Mateo-based venture firm is particularly interested in investing in AI-powered sectors like manufacturing, autos, and energy, with a focus on underdog startups in the cybersecurity, cloud, and fintech sectors that have at least $10M in annual revenue.
  3. Invictus Growth Partners not only provides financial resources but also brings operational expertise, mentorship, and industry best practices to their portfolio companies, thereby playing a significant role in the growth and success of technology startups.

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