Invictus Growth Partners - Fund II
$574M Raised
They say private equity is all spreadsheets and suits, but Invictus Growth Partners just proved it's a lot more savage, if you’ve got the tech, the team, and the track record to back it up. Founded in 2019 by longtime collaborators John DeLoche and William Nettles, Invictus just closed a monster $574 million for Fund II. Let’s not skip past that, oversubscribed, outpaced their $350M target, and blew past their $450M hard cap like it was a speed bump on Sand Hill. And they didn’t just bring old money back, they pulled in fresh capital with two-thirds of commitments coming from new institutional LPs. That’s pensions, endowments, insurance giants, healthcare systems, and the kind of family offices that don’t mess with first drafts.
Invictus isn’t spraying cash hoping something sticks. They’re locked into a play that targets bootstrapped, capital-efficient enterprise software companies pulling at least $10M in ARR. These are the founders who built real businesses in the dark, before the spotlight, before the likes, before the deck was even clean. And Invictus comes in not just with checks but with a machine, literally. DIANE, short for Deal Intelligence Assessment Neural Engine, is the inhouse AI platform that fuels both sourcing and scale. 83% of their 12 platform investments came straight from DIANE’s data pipes. And when their portfolio companies plugged into it? Sales efficiency jumped 90%, ARR growth accelerated 25%, and onboarding timelines dropped by nearly half.
They didn’t build this in a vacuum. The Guild, a collective of 50+ operators across 10 growth-critical disciplines, think sales, GTM, finance, and CEO coaching, is where boardroom theory meets real-world execution. And Guild members don’t just talk. They put skin in the game, investing alongside the firm in every deal. That's not advisory, that's accountability.
Zaid Abdul-Aleem architected the Fund II raise, bringing in heavyweight capital while Heather Brien drove operational integration across the portfolio. Jeremy Lai doubled down on cybersecurity, fueling plays like ThreatModeler Software, Inc and Axiad. The whole shop runs like a DJ set, precise, layered, and built for the long game.
This isn’t the venture narrative you’ve heard before. Invictus is betting on substance over hype, margins over moonshots, and real businesses over burn rates. They’re not flipping anything, they’re building machines that do the heavy lifting, led by operators who’ve already scaled the mountain and are now drawing new maps. So if you’re running a company that’s profitable, proven, and flying under the radar, Invictus is already looking for you. The question is: Are you ready to be found?
Let’s connect and keep the momentum going across the tech ecosystem. Whether you’re a founder shaping the future, a leader driving change, a VC backing bold ideas, or an investor spotting the next big thing—together, we’re pushing boundaries. Proud to be building the future with you.
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