Invesco

Invesco Ltd. is a prominent global independent investment management firm, headquartered in Atlanta, United States. Established in 1978, Invesco has grown to become a significant player in the financial industry, serving a diverse client base that includes retail investors, institutional clients, and high-net-worth individuals across more than 20 countries. The firm is renowned for its comprehensive suite of investment solutions, encompassing a wide array of active, passive, and alternative strategies, including mutual funds, exchange-traded funds (ETFs) like the popular QQQ, and institutional separate accounts.

As of March 31, 2024, Invesco managed an impressive $1.66 trillion in assets under management (AUM), underscoring its vast scale and influence in global capital markets. While Invesco's portfolio includes private market investments, these are primarily focused on areas such as private equity, real estate, and private credit, catering to institutional investors seeking exposure to less liquid asset classes. These investments typically involve later-stage companies or established assets, differing significantly from the early-stage, high-risk investments characteristic of traditional venture capital.

It is important to note that Invesco does not operate as a typical venture capital firm that provides "first cheques" to nascent startups in seed or Series A funding rounds. Their investment approach in private markets is more aligned with growth equity or private equity strategies, which target more mature companies with proven business models and established revenue streams, often requiring substantial capital injections for expansion or buyouts. Consequently, the concept of a "typical first cheque size" as understood in the venture capital ecosystem does not directly apply to Invesco's core investment activities.