Invictus Growth Partners

Invictus Growth Management LLC, established in 2019 by John De Loche and William Nettles, specializes in executing a private equity strategy focused on investing in and scaling outstanding technology companies. The firm manages $1,037,156,597 in Gross Asset Value on a discretionary basis as of December 31, 2023. Clients typically compensate Invictus through a Management Fee and Carried Interest. The Management Fee is calculated quarterly based on the Capital Commitments of Limited Partners. Carried Interest is a performance-based fee ranging from 0% to 20% of net appreciation. Invictus acts as a fiduciary, placing clients' interests above its own, and has adopted a Code of Ethics to prevent violations of securities laws. The firm advises pooled investment vehicles exempt from registration under the U.S. Investment Company Act of 1940, with a focus on growth equity and buyout investments in the technology industry. Investment strategies include investing in technology and technology-enabled businesses with a focus on financial technology. Invictus discloses potential risks associated with investments, such as lack of operating history, reliance on management, and geopolitical risks. The firm does not vote public equity proxies on behalf of clients and maintains custody of client assets with qualified custodians. Investment advice is provided directly to the Clients, and Invictus does not vote public equity proxies on their behalf. Invictus does not anticipate voting public equity proxies in the future.