Form D · Private Equity Fund

Invictus Growth Fund II, L.P.

San Mateo, CA · CIK 0002002048

Offering snapshot reported May 20, 2025 · SEC filing

Reported sold: $488M
Investors reported: 46
Minimum accepted: $0
First sale: Dec 14, 2023

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 46

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
May 20, 2025	Amendment	$487,678,571	No comparison	46	SEC filing
Dec 11, 2023	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-499244

Source: Form D, filed May 20, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

INVICTUS GROWTH FUND II, L.P.

Investment adviser: INVICTUS GROWTH MANAGEMENT, LLC

Gross asset value: $551M
Beneficial owners: 48
ADV minimum commitment: $50K

Reported in Form ADV on Apr 15, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG SAN FRANCISCO, California, United States

Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG
PCAOB 185

Filing source

Form ADV 2095000 · Apr 15, 2026 · Schedule D 7.B.(1), fund 805-4053356453

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Invictus Growth Fund I, L.P.	Dec 8, 2022	$210,950,000	22
Invictus Growth Fund II, L.P. (this fund)	May 20, 2025	$487,678,571	46

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
John De Loche	Director
N/A Invictus Growth Partners Ii Gp, Llc	Director
William Nettles	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

160 Bovet Road, Suite 300
San Mateo, CA, 94402