Private Credit
Invesco Private Credit
Invesco Private Credit is one of the world’s largest and longest-tenured private credit managers. We leverage a consistent, cycle-tested fundamental credit process to pursue opportunities across broadly syndicated loans, direct lending, and distressed debt and special situations.
$46B+ Platform assets
Invesco Senior Secured Management, Inc. manages $46+ billion in private credit assets.1
30+ yrs Platform experience
Team members have deep expertise, with an average of more than 30 years of relevant experience.1
150 Dedicated professionals
Our talented team consists of more 150 investment professionals across the US and Europe.1
Why partner with Invesco?
Enhanced deal access
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.
Solutions-oriented partners
Our credit process has been continuously tested and refined, but it has always centered on deep due diligence, cycle-tested 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.
Private Credit Team
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.
Head of Private Debt, Managing Director Ron Kantowitz
Head of Distressed Credit and Special Situations, Managing Director Paul Triggiani
Managing Director, Senior Portfolio Manager / Co-Head of Credit Research Kevin Egan
Managing Director, Senior Portfolio Manager / Co-Head of Credit Research Thomas Ewald
Managing Director, Senior Portfolio Manager / Co-Head of Credit Research David Lukkes
CFA®
Managing Director, Head of European Senior Loans / Senior Portfolio Manager Michael Craig
CFA®
Managing Director, Head of US Trading / Senior Portfolio Manager Seth Misshula
CFA®
Strategies
Invesco Private Credit is one of the world’s largest and longest-tenured private credit managers. We leverage a consistent, cycle-tested fundamental credit process to pursue opportunities across senior secured loans, direct lending, and distressed debt and special situations.
Direct Lending
Our team has decades of experience in sourcing, underwriting, and executing senior secured loans in the core middle market. We are a trusted partner to deal sponsors seeking capital and investors seeking risk-adjusted returns.
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Senior Secured Loans
Our investment philosophy combines detailed asset risk assessments tied to broader economic trend analysis.
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Distressed Credit and Special Situations
Our integrated global credit platform provides a competitive edge in sourcing, diligence, and execution.
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FAQ
Private credit is an asset class that can generally be defined as non-bank lending — privately negotiated loans and debt financing from non-bank lenders. The private credit market typically serves borrowers too small to access public debt markets or have unique circumstances requiring a private lender. Invesco includes senior secured loans within private credit because of the firm’s private-side orientation and consistent due diligence approach across private credit sectors.
In general, private credit and private debt are terms that are used interchangeably to refer to private lending — loans that are provided to companies by private investors and private markets rather than by banks or public debt markets.
Default risk is the leading risk of private credit and emphasises the need for in-depth, thorough due diligence and credit expertise. The risk that a borrower will be unable to pay back a loan (i.e., default) may be elevated because private credit typically involves non-investment-grade borrowers. Liquidity risk is another key risk of private credit because private credit securities generally are illiquid relative to publicly traded securities.
Global private credit assets total over $1 trillion* according to various estimates. Private credit assets have been growing rapidly alongside the steady growth of the private equity industry and as investors seek diversified sources of yield and income.
*Source: Preqin database, as of Dec. 31, 2021.
