
$25B+
in loans outstanding to private equity firms across platform1
200+
private equity firms we currently lend to across platform
25+
years of team experience together in middle-market
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.
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
These are representative transactions executed by the Invesco Direct Lending team through August 2025.

MicroCare
Sponsor: Blue Sea Capital
Facility type: Revolver, First Lien Term Loan and Delayed Draw Term Loan

Gougeon
Sponsor: Iron Path Capital
Facility type: Revolver, First Lien Term Loan & Delayed Draw Term Loan

Western Smokehouse Partners
Sponsor: Monogram Capital Partners
Facility type: Revolver, First Lien Term Loan & Delayed Draw Term Loan
Related insights
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Private credit Private creditDirect Lending’s Evolution: Managing through the current environment
Invesco navigates today’s uncertain environment by remaining highly selective focusing on capital preservation, risk management underpin our direct lending approach.
August 12, 2025 -
Private credit Private creditDirect Lending’s Evolution: Invesco’s comprehensive platform management
Invesco’s commitment to the middle market means there are multiple lines of defense in place that bolster transparency and reporting for investors.
August 12, 2025 -
Private credit Private creditDirect Lending’s Evolution: Mitigating risk through a commitment to the middle market
This short video explains Invesco’s strategy to pursue optimal outcomes for direct lending investors by focusing on the middle market.
August 12, 2025 -
Private credit Private creditDirect Lending’s Evolution: A look into sponsored versus non-sponsored
Explore the evolution of direct lending and the key differences between private equity-sponsored and non-sponsored deals, including risk and returns.
August 12, 2025 -
Private credit Private creditDirect Lending’s Evolution: Adapting Through a Shifting Environment
Through regulatory changes, the direct lending landscape has shifted from a bank-dominated market to one led by private credit managers.
July 17, 2025
Explore more in Private Credit

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.
Transcript

Direct Lending
Our team has decades of experience in sourcing, underwriting, and executing senior secured loans in the core middle market.
Transcript

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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Learn more about Invesco Direct Lending
Please reach out to learn more about our transactions and the team’s capabilities.
Important information
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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.