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Invictus Closes $574 Million Fund II

  • 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.

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