Invictus Growth Management LLC (“Invictus”) was founded on May 17, 2019, by John DeLoche and William
Nettles. Invictus, by and through Invictus Growth Partners I GP, LLC, a Delaware limited liability company,
and Invictus SPV Partners, LLC, a Delaware limited liability company (collectively the “General Partner”), that
is managed by Mr. John DeLoche and Mr. William Nettles. The General Partner has engaged Invictus to
provide investment advisory and administrative services.
Invictus executes a private equity strategy that invests capital into and acquires outstanding technology
companies then helps them scale with expertise and access to our network. Our services include engaging in
the business of making, managing, supervising, and disposing of investments and engaging in activities
incidental or related to this purpose, including sourcing investment opportunities and negotiating investments.
We execute this strategy by providing advisory services through private fund vehicles, to a limited number of
qualified select investors offering the opportunity to realize long-term appreciation. The companies in which
the Funds invest are sometimes referred to as a “Portfolio Company” or collectively as the “Portfolio
Companies.”
The Firm’s advisory services include providing investment advice to a private fund vehicle, the Invictus Growth
Fund I, L.P., (the “Fund”) and co-investment vehicles structured as private funds offered as separate and
distinct legal entities which have separate assets, Portfolio Companies, investors and terms (the “SPVs” and
collectively
with the Fund each a “Client” and collectively the “Clients”). These services are further described
in each Client’s respective governing documents and generally described below under “Methods of Analysis,
Investment Strategies and Risk of Loss.” Each Portfolio Company investment will generally be made through
our commingled private fund vehicles and or through single purpose vehicles established where appropriate or
when investments require a larger equity commitment. Each co-investment vehicle is a private fund offered as
a separate and distinct legal entity which may have separate assets, Portfolio Companies, investors, and terms.
The Clients and the Firm may enter into consulting arrangements, side letter arrangements or other similar
agreements with investors that have the effect of establishing rights under or altering or supplementing a
Client’s governing documents with respect to such investors, including provisions relating to specific
investments, as well as provisions relating to the Firm’s compensation. For more information regarding
provisions that allow an investor’s investment to be altered or varied in certain circumstances, investors should
refer to the relevant Client’s governing documents.
The investment objective and guidelines of the Clients are not specifically tailored to the individual needs of
investors.
As of December 31, 2022, Invictus managed $426,954,984 in Regulatory Assets Under Management on a
discretionary basis. The Firm does not currently manage any non-discretionary assets and does not participate
in wrap fee programs.