Experience
Seasoned team with 25+ years of experience together providing over $10 billion in loans to middle market companies across multiple cycles.
Private Credit Invesco Direct Lending
Invesco Private Credit is one of the leading financiers of global private equity, with $25+ billion of capital outstanding to 200+ sponsors. For decades, our veteran Direct Lending team has served as a reliable, long-term partner to premier private equity sponsors seeking middle-market debt solutions.
Why partner with Invesco?
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.
$25B+
Loans Outstanding
Capital provided to private equity firms across our platform.1
$35B+
AUM
Financing companies backed by Private Equity firms.
25+ yrs
Team experience
Decades of combined expertise in middle-market direct lending.
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Partnership approach
History of building multi-decade partnerships with private equity firms and investors.
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Integrated platform
Fully integrated, private-side senior loan platform with the ability to support portfolio.
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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.
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Institutional support
Extensive resources and infrastructure of a large, diversified global asset manager with $1.8 trillion of client capital and one of the largest senior loan managers with over $47 billion of AUM.1
Direct Lending team
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Ron Kantowitz
Head of Private Debt, Managing Director
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Michael Cavounis
Managing Director
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Paul Chuong
Managing Director
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Steve Crino
Managing Director
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Paul Horton
Managing Director
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Jeffrey Schmidt
Principal
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Katelyn Bayone
Vice President
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Joshua Elman
Vice President
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Jack Linker
Vice President
Transactions
Our veteran Direct Lending team has been a reliable partner to leading private equity sponsors, providing debt financing for core middle-market companies across a broad range of industries. We focus on leveraged buyouts, acquisitions, refinancings, recapitalizations, and platform builds.
Target investment criteria
- Company size: Middle market companies with EBITDA of $10 million - $75 million
- Investment size: Target holds of $20 million - $100 million
- Target assets: Revolver, First Lien, Delayed Draw Term Loan, Unitranche, Second Lien
- Geographic focus: US, Canada, with capability to invest in Europe
Recent transactions
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80/20
Sponsor: Littlejohn & Co.
Facility type: Revolver, First Lien Term Loan and Delayed Draw Term Loan
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Netrix Global
Sponsor: OceanSound Partners
Facility type: Revolver and First Lien Term Loan
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MicroCare
Sponsor: Blue Sea Capital
Facility type: Revolver, First Lien Term Loan and Delayed Draw Term Loan
Related insights
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Why CLO Equities - Cash flow modeling and stress testing
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Explore more in Private Credit
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Private Credit
We are a leading, long-tenured private credit manager, using a conservative credit process to pursue opportunities across syndicated loans, direct lending, and distressed debt.
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Direct Lending
Our team has decades of experience in sourcing, underwriting, and executing senior secured loans in the core middle market.
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Broadly Syndicated 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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Multi-Strategy Private Credit
This approach has the ability to leverage the Invesco Private Credit platform and allocate across private asset classes based on market environment or investor risk/return objectives.
Learn more about Invesco Direct Lending
Please reach out to learn more about our transactions and the team’s capabilities.
Important information
NA5061702
While portfolio managers may consider Environmental, Social, and Governance (ESG) aspects, there is no guarantee that the evaluation of ESG considerations will be additive to a strategy’s performance.
Whilst the manager considers ESG+R aspects they are not bound by any specific ESG+R criteria and have the flexibility to invest across the ESG+R spectrum from best to worst in class.
