Alternatives Q2 Alternative Opportunities report
Invesco solutions
June 11, 2026
Private credit Direct Lending’s Evolution: Mitigating risk through a commitment to the middle market
Ron Kantowitz talks about Invesco’s strategy to take a conservative approach to middle market direct lending, prioritizing capital preservation through disciplined structures and deep sponsor relationships with Capital Allocators podcast. By focusing on senior secured loans to stable, private equity-backed companies, our team has built a resilient platform that thrives on partnership, rigorous risk management, and data-driven oversight.
Conservative, disciplined strategy
Invesco targets senior secured, first-lien unitranche loans with full collateralization and strong covenants, lending only to private equity-sponsored middle market companies with stable, predictable cash flows.
Relationship-driven sourcing and management
Our team leverages Invesco’s broad platform, emphasizing partnership, flexibility, and fair treatment — especially when navigating challenges or covenant breaches.
Collaborative middle market dynamics
Middle market lending is “clubby” and collaborative, with lenders often partnering on deals and competing on expertise and service rather than aggressive pricing.
Listen to the full podcast interview here.
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Important information
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Capital Allocators and Invesco are not in any way affiliated.
This information is intended for Institutional Investors that are US residents.
Investment risks
The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
Alternative investment products may involve a high degree of risk, may engage in leveraging and other speculative investment practices that may
increase the risk of investment loss, can be highly illiquid, may not be required to provide periodic pricing or valuation information to investors, may
involve complex tax structures and delays in distributing important tax information, are not subject to the same regulatory requirements as mutual funds, often charge higher fees which may offset any trading profits, and in many cases the underlying investments are not transparent and are known only to the investment manager.
Important information
Information is provided as at June 9, 2025 and sourced from Invesco Private Credit unless otherwise stated.
This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. Views and opinions are based on current market conditions and are subject to change.
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