● 83% of completed investments have been sourced with in-house developed AI platform, DIANE
Invictus Growth Partners (“Invictus”), a leading private equity firm focused on growth buyouts of lower middle-market enterprise software businesses in the cloud software, cybersecurity, and fintech sectors, announced the final closing of Invictus Growth Fund II, L.P. (“Fund II”), with total capital commitments of $574 million in its core fund and related co-investment funds. Fund II was oversubscribed at $488 million in fund commitments, surpassing both its target of $350 million and the original hard cap of $450 million.
Invictus' Fund II received strong support from existing investors, and new investors made up more than two thirds of total committed capital, broadening the diversification of the firm’s world class institutional limited partner base.
Ten of the twelve completed investments were sourced with DIANE, Invictus’ proprietary machine learning-powered outbound sales engine for B2B use cases. DIANE is an acronym for Deal Intelligence Assessment Neural Engine, and was built in-house at Invictus starting in 2019. Invictus is now on its third generation of machine learning for operational enhancements powered by DIANE. The first generation focused on in-house investment sourcing. The second and third generations focus on GTM operational enhancements which are exclusively available to Invictus portfolio companies. Portfolio companies have seen a 90% increase in direct sales efficiency leveraging the platform, which also provides access to thousands of potential new enterprise customers.
Zaid Abdul-Aleem, Invictus Partner and Head of Partner and Capital Solutions, led the Fund II fundraise while Cooley served as Legal Advisor.
Invictus Growth Partners ( www.invictusgrowth.com/) is a buyout and growth equity firm that invests in outstanding, bootstrapped, capital-efficient, automation-enabled cloud software, cybersecurity, and fintech companies. The firm is dedicated to supporting companies seeking capital and strategic resources to accelerate their growth.
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