Invesco Senior Secured Management

The unit falls under Invesco's Global Credit platform, led by Jennifer Hartviksen, who was named Head of Global Credit in early 2024. She oversees investment strategy across private credit, senior secured loans, and liquid bank loan funds. Individual deal decisions are made by dedicated senior underwriters and portfolio managers on the direct lending desk, subject to Invesco's internal investment committee process.

It operates as a wholly owned subsidiary and distinct investment arm within Invesco Ltd., not a separate legal entity. This captive structure gives it access to Invesco's balance sheet, centralized risk management, and retail distribution channels, including the Invesco Senior Income Trust BDC. The trade-off is that it must operate within a publicly traded firm's compliance and quarterly earnings framework.

The group originates and underwrites direct senior secured loans, primarily as lead arranger or co-lead. It does not operate as a fund-of-funds allocating to external direct lenders. Capital is deployed through Invesco's proprietary private credit funds, interval funds, and publicly traded vehicles like the Invesco Senior Income Trust.

The team targets first-lien, floating-rate loans typically ranging from $25 million to $150 million in facility size. Borrowers are generally private equity-backed middle-market companies with $5 million to $50 million in EBITDA. The group focuses on sponsor-backed transactions and can participate in both bilateral originations and broadly syndicated club deals.

Active sector coverage includes software, healthcare services, industrial technology, and business services. As a secured lender, the team generally avoids deeply cyclical commodity-exposed industries, pre-revenue biotech, and high-litigation-risk sectors where collateral quality is harder to underwrite. The emphasis remains on cash-flow-generating businesses with tangible asset coverage.

Origination is concentrated in North America, with a primary focus on US-headquartered borrowers. The group also has lending capacity in Western Europe through Invesco's London credit desk, targeting UK and select continental borrowers. The European capability was expanded through internal credit hires and structured partnerships.

The platform benefits from multiple capital sources: Invesco's corporate balance sheet, permanent-capital vehicles like the Invesco Senior Income Trust, and traditional drawdown private credit funds. The mix of permanent and fund-life capital provides flexibility to hold assets longer than independent sponsors might, while still satisfying the liquidity requirements of publicly traded vehicles.