Invesco Private Credit, the private credit division of Invesco Ltd, closed its flagship Invesco Direct Lending Fund II and related vehicles, securing $1.4bn in committed investable capital.

Scott Baskind, chief investment officer and global head of Invesco Private Credit, attributed the strong fundraising outcome to the firm’s 36-year track record and extensive private credit expertise. He highlighted that leading private equity sponsors continue to turn to Invesco for flexible financing, while investors are drawn to the platform’s attractive risk-adjusted returns.

Ron Kantowitz, managing director and head of direct lending, pointed to favourable market conditions, noting that record capital raised in the private equity sector is driving increased M&A activity and generating strong deal flow. “We are grateful to our investors for their support as we capitalise on high-quality opportunities in this expanding asset class,” Kantowitz said.

The direct lending strategy targets senior secured loans for core middle-market companies in North America, typically focusing on businesses with EBITDA between $20m and $75m. Invesco prioritises capital preservation through disciplined asset selection and rigorous underwriting, aiming to mitigate downside risk while delivering competitive returns.

With over 125 professionals across four global offices, Invesco Private Credit has built a diversified platform spanning direct lending, broadly syndicated loans, and distressed credit and special situations.