Invictus Growth Partners successfully closed its second flagship fund, Invictus Growth Fund II LP, with total capital commitments of $574 million, surpassing its initial hard cap of $450 million.
Limited partners in the fund consist of a mix of returning investors and predominantly new limited partners, including institutions like the New York State Common Retirement Fund and the New Mexico State Investment Council.
Invictus focuses on investing in B2B technology companies with at least $10 million in recurring revenue across sectors such as automation, cloud software, cybersecurity, and fintech.
The firm, founded in 2019, has already deployed more than a quarter of Fund II's capital through acquisitions of companies like ThreatModeler, Campfire Interactive, and StructuredWeb.