Technology investor Invictus Growth Partners has secured $574 million for its second flagship fund and related co-investment vehicles, as first reported by the Wall Street Journal. Founded in 2019 by John DeLoche and William Nettles, Invictus specializes in growth buyouts of lower middle-market businesses in sectors such as cloud, cybersecurity, and fintech. Invictus targets founder-led, bootstrapped companies generating at least $10 million in annual recurring revenue. Betting Big On AI With its new fund, the California-based firm will strengthen its focus on AI and machine learning technologies driving key industries.