San Francisco – (Business Line) – Invictus Growth Partners (“Invictus” or “Firm”) closed its first over-subscription fund, Invictus Growth Fund I, LP, with a total commitment of $ 322 million to its core fund and Related Mutual Funds. Invictus acquires and invests in capitalized and efficient enterprise cloud applications, online security and fintech. Companies use the machine learning platform owned by the Deal Intelligence Assessment Neural Engine (“Diane”) to source investments and then streamline their operations. Invictus is a minority-owned company co-founded by John DeLoche and William Nettles, who have worked together for 27 years since starting their careers at CS First Boston in 1995. .
The fund includes $ 216 million in over-subscribed I funds, which closed beyond the $ 200 million fundraising target, as well as $ 106 million in related capital invested by the institution’s limited partners (“LP”). ) Which is part of the Invictus program. – Investment program. Institutional LP bases include state pension funds, corporate pension funds, insurance companies, fundraisers, and family offices.
“Our mission is to provide the ultimate power in our portfolio company and our people,” said John DeLoche, co-founder and managing partner at Invictus. “We achieve it based on our values of integrity, humility, teamwork, diversity and relationships. “We are grateful to our team, our LPs and our portfolio company for their partnership.”
William Nettles, co-founder and managing partner at Invictus, said: “We bring a deep approach to partnerships and operations to our portfolio to help them scale. “This includes the expertise of our team and the improvement of machine-driven B2B operations through the Diane platform, as well as the expertise of the Invictus Guild.”
Invictus has completed investments in seven platforms in its major segment of cloud, cybersecurity and fintech applications. The company targets companies with annual revenues of at least $ 10 million that are discontinued or have annual revenues greater than the stated capital. Invictus targets companies with strong product markets that are profitable or close to profitable when investing. The first seven investments of Invictus were stopped by a balance of more recurring income than previously mentioned capital.
Five of the seven completed investments were sourced by Diane. Diane is a machine learning machine powered by B2B for B2B use cases. Invictus’s use case is to seek low middle market acquisitions and growth equity investment opportunities. All Invictus portfolio companies have access to Diane in addition to Invictus’ dedicated data science team for their specific B2B use cases to help streamline their operations and create systems for sustainable growth.
Portfolio companies also benefit from access to the Invictus Guild. The Invictus Guild is composed of successful CEOs with experience working at some of the most successful technology companies. Invictus Guild members work on nine key areas for technology companies, including sales, marketing, customer success, business development, corporate development, data science, human resources, product development and finance. Members of the Invictus Guild serve as mentors, operations advisors and a source of best practices and talent for the Invictus portfolio company. They also invest individually in each portfolio company.
Moelis & Company LLC served as the exclusive agent.
About Invictus Growth Partners | www.invictusgrowth.com
Invictus Growth Partners is a growth equity and acquisition company that invests in cloud-enabled automation, online security, and fintech companies looking for capital and strategic resources to accelerate their growth. The company is based in San Francisco, California.