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Uncovering the potential of Private Credit starts with gaining access to them. It’s a world of opportunity – and we have the expertise and the network you need to unlock it.
As of June 30, 2024 Invesco Senior Secured Management, Inc platform assets.
years of platform experience
dedicated professionals across the US and Europe
Invesco Private Credit is one of the world’s largest and longest-tenured private credit managers. We leverage a consistent, conservative fundamental credit process to pursue opportunities across broadly syndicated loans, direct lending, and distressed debt and special situations.
Our investment professionals leverage the disciplined fundamental credit process we have honed over decades of experience in private credit to provide an edge in due diligence that is hard to replicate.
We understand what deal sponsors and partners need to succeed and what investors require to access these highly targeted markets. We draw from our range of capabilities and structuring acumen to deliver bespoke solutions for clients.
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Our credit process has been continuously tested and refined, but it has always centered on deep due diligence, conservative underwriting, and risk mitigation to help preserve capital while targeting attractive risk-adjusted returns. This process is employed across all private credit investment strategies managed by the team.
We use our credit expertise and market-leading position to provide investors unique access to attractive investment opportunities in senior secured loans.
Distinct sourcing and execution advantages
Invesco is one of the largest asset managers in the broadly syndicated loan market and one of the most active traders of loans in the world. Because of our size and scale, we often receive favorable allocations, enabling us to take active positions and offer our clients unique access to new opportunities.
Deep analytics and expertise offer clients an edge in risk assessment
Our clients benefit from Invesco’s deep and experienced credit team and our nuanced understanding of credit risks that come from decades of experience. Our research and analytic processes on the private side allow us to analyze each loan with a deeper understanding of risk. Because our perception of risk often differs from that of the market, we are able to identify attractive opportunities for our clients and transact with conviction.
Invesco offers an ESG lens into a private marketplace
We have a history of proactively engaging with management teams around ESG issues. We began incorporating ESG considerations into our investment process for broadly syndicated loans in 2015 and have independently rated over 1000 global issuers, of which more than 500 are currently active and updated at least annually using our proprietary ESG rating process.
Our Direct Lending team has decades of experience in sourcing, underwriting, and executing senior secured loans in the core middle market. We are a trusted partner to leading deal sponsors seeking capital and investors targeting compelling sources of risk-adjusted return.
Our Experience
Seasoned team with 20+ years of experience together providing over $10 billion in loans to middle market companies across multiple cycles
Partnership approach
History of building multi-decade partnerships with private equity firms and investors
Integrated platform
Fully integrated, private-side senior loan platform with the ability to support our direct lending investment team
Efficient diligence process
One of the largest sector-based senior loans research teams with 20+ credit analysts and a proprietary credit library of 2000+ company issuers resulting in informed and efficient diligence
Institutional support
Extensive resources and infrastructure of a large, diversified global asset manager with $1.7 trillion of client capital and one of the largest senior loan managers with $45+ billion of AUM
Exceptional distressed credit and special situations managers are not just great stewards of investor capital – they are also strong partners for businesses. At our core, we are problem solvers and value-creators who seek to help companies transition from challenging periods to ones of growth.
Across our investments, we target asymmetric return profiles. We seek to generate equity-like returns while assuming credit downside risk. The following themes define our approach:
Sourcing
Our private credit platform is one of the largest and most active financiers of corporate loans in the world. We utilize our entirely private-side orientation and extensive institutional connectivity with existing borrowers to maintain a vast radar of opportunities across the market.
Inefficient markets
We focus on inefficient markets where we believe the opportunity set to be evergreen as idiosyncratic opportunities can be sourced independent of market cycles. Information is typically opaque, and therefore sourcing and diligence is challenging without a global platform like Invesco’s.
Downside mitigation
We typically enter investments via senior secured debt. This approach allows for risk mitigation as we invest inside of intrinsic value, and our senior secured loan positions provide a priority claim on a company’s assets.
Enhanced due diligence
We employ private equity-style diligence in sectors and situations where we have a deep understanding of the business, industry, and path forward to stabilization and monetization. The process is augmented with insights and connectivity from our platform’s credit analyst team, which is one of the largest sector-based research teams in the private credit marketplace.
Value creation
We are proactive investors. Prior to investing, we concentrate on identifying the cause of distress and clear catalysts to resolution. We then partner with our portfolio companies and their management teams to effectuate financial and operational restructuring as well as provide capital solutions.
The $45+ billion Invesco Private Credit platform is uniquely positioned to allocate across private credit – based on relative value and the market environment – having aligned, dedicated capabilities with multi-decade experience supported by over 130+ professionals as well as the extensive resources of a $1.7 trillion global asset manager.
Dedicated capabilities across private credit
Our platform includes dedicated private credit investment teams, each with multi-decade experience and aligned under a single CIO, across direct lending, broadly syndicated loans, collateralized loan obligations (CLO) and distressed credit and special situations.
Distinct sourcing and diligence advantages
Our private credit platform is one of the largest and most active financiers of corporate loans in the world. We utilize our extensive institutional connectivity with borrowers and counterparties to maintain a vast radar of unique opportunities across the market. Further, our research processes are augmented with insights and connectivity from our platform’s credit analyst team, one of the industry’s largest sector-based research teams with 20+ credit analysts and a proprietary credit library of 2000+ company issuers.
Custom solutions provider
Given the breadth of our private credit capabilities, we partner with clients to develop customized private credit solutions that can strategically allocate across our private credit building blocks throughout market cycles to meet their objectives.
Risk mitigation
We emphasize senior secured debt as our primary investment entry point across private credit segments which may allow for risk mitigation given they typically provide a priority claim on a company’s assets.
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In this quarterly outlook we cover the opportunities in the alternatives space, focusing on the five areas of private credit, private equity, real assets, hedge funds and commodities.
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Invesco’s bank loans, direct lending and distressed credit teams to share their views as the second quarter of 2024 wraps up.
In this quarterly update we provide our view on the case for senior loans in the current market environment.
The core middle market presents a large and fragmented opportunity set and attractive competitive dynamics vs. the upper middle market.
There is a compelling opportunity for investors to invest in bank loans for those who may be looking for potentially high returns in a liquid asset class and possible diversification away from traditional fixed income.
Our global Private Credit team is organizationally and economically aligned — including reporting to a single CIO. This structure incentivizes collaboration and improves our ability to source, underwrite, and execute attractive opportunities.
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