Invico Credit Opportunities LP
Invico Credit Opportunities (“ICOLP” or “the Fund”) is a private, open-ended limited partnership that seeks to preserve capital and generate consistent USD-denominated income by investing in senior secured corporate debt across North America. These facilities are typically first lien senior secured investments marked daily by a third party and traded over-the-counter (“OTC”) through an institutional market. With a strict focus on risk-managed credit selection, ICOLP targets overlooked segments of the syndicated loan market to deliver high current yield and alpha through disciplined underwriting. The Fund is diversified, industry agnostic, and is primarily invested in US-domiciled companies.
Why
Why Choose ICOLP?
Secure, Contractual Yield & Fundamental Analysis
The majority of income for end investors typically comes from contractual interest paid by the companies in which the Fund invests. ICOLP provides access to a large and growing investment universe exceeding $3T in an asset class that has existed for decades but remains relatively unknown due to its traditional restriction to institutional investors. The Fund targets smaller, underfollowed credits that require rigorous analysis, offering yield potential without sacrificing credit quality.
Diversification &
Liquidity
The portfolio consists of predominantly USD-denominated, senior secured investments across diversified sectors. Investors benefit from capital structure seniority, monthly USD income, low-interest rate sensitivity, institutional OTC-traded loan liquidity, and third-party daily valuations.
Experienced
Management
Backed by a seasoned investment team with over 100 years of combined credit and underwriting experience, the Fund is actively managed to navigate changing markets, minimize risk, and uncover overlooked value.
What Are Syndicated Loans?
Syndicated loans are the core assets in ICOLP, offering strong security and potentially high returns.
What Are Syndicated Loans?
The Advantages of Syndicated Loans
Fund Overview
Invico Credit
Opportunities
LP Overview
Portfolio Overview
ICOLP focuses on syndicated corporate credit opportunities in the U.S., with a preference for secondary market investments in sub-$1Bn loan facility sizes. The Fund targets mispriced, senior secured, first lien loans issued by borrowers with sustainable free cash flow and a low net debt/EBITDA multiple. The portfolio emphasizes identifying loans priced below par with the potential for capital gains, while applying disciplined underwriting that includes fundamental credit analysis, active monitoring, and a focus on liquidity and downside protection. The Fund seeks to deliver alpha by generating more yield than comparable benchmarks with less risk as defined by a net debt/EBITDA multiple.
Fund Details
| Fund Name | Invico Credit Opportunities LP |
|---|---|
| Fund Type | Private Limited Partnership |
| Inception Date | April 23, 2025 |
| Assets Under Management | US$130 million as at September 30, 2025 |
| Fund Manager | Invico Capital Corporation |
| Available Units | Series IU – ICC800IU Series FU – ICC800FU Series AU – ICC800AU |
| Investor Eligibility | Canadian accredited investors under applicable securities law |
| Distributions | Monthly |
| Purchases | Monthly |
| NAV Reporting | Monthly |
| Redemptions | Quarterly |
| Management Fee | Series IU: 0.70% Series FU: 0.95% Series AU: 0.95% |
Please refer to the Fund Facts for additional information and disclosures.
Strategy Performance
| Asset Strategy Performance (Prior to Spinout) | |
|---|---|
| Annualized Return1 | |
| ICOLP (Prior Fund)2 | 15.2% |
| Morningstar LSTA US Leveraged Loan Index Total Return3 | 8.0% |
| Series IU Performance – Monthly Total Return | |
| May 2025 | 1.74% |
| June 2025 | 1.52% |
| July 2025 | 1.22% |
| August 2025 | 1.61% |
| September 2025 | -4.26% |
1 Represents performance from October 10, 2023, to April 30, 2025.
2 Represents the cash internal rate of return on equity of all investments from October 10, 2023, to April 30, 2025, inclusive of debt facility draws, interest paid, and facility standby fees. Portfolio holdings are valued at the midpoint of the bid–ask spread. Returns include accrued interest from holdings, accrued interest expense, and are shown gross before fees.
3 Annualized returns of the Morningstar LSTA US Loan Index from October 10, 2023, to April 30, 2025, as per Bloomberg. The Morningstar LSTA US Leveraged Loan Index is a market value weighted index designed to measure the performance of the US leveraged loan market. To be included in the index loans must (i) be non-investment grade (BB+ or lower), (ii) be senior secured, (iii) be USD-denominated, (iv) have a minimum one-year initial term, (v) have a minimum initial spread of 125bps, (vi) have a minimum initial issue size of $50MM, and (vii) must not be payment-in-kind loans. To date, the investment strategy performance has been 100% invested in non-investment grade securities, over 90% in debt facilities that are senior secured, 100% in USD-denominated securities, 100% in securities with a minimum one-year initial term, and 100% in securities with an initial issue size greater than $50MM.
Fund Materials
Contact us to receive a copy of the Fund Facts.
Investments
Where We Focus Our Investments
Corporate
Credit
We specialize in non-investment grade corporate credit, specifically focusing on first-lien syndicated loans to U.S. corporations.
Smaller, Undervalued
Opportunities
We target smaller loan tranches (typically between $500MM and $1Bn in size) where credit analysis can uncover pricing inefficiencies, offering high yields with manageable risks.
Active
Management
The Fund’s strategy emphasizes security selection and active, hands-on monitoring of investments, aiming to capitalize on market inefficiencies while avoiding loans with weak free cash flow or excessive leverage.
How
How to Invest
Invico offers flexible investment options for both institutional and individual investors.
Institutional Investors & Financial Advisors
Connect with our sales team to learn more about incorporating Invico’s alternative investment funds into your portfolio.
Individual
Investors
Speak to your financial advisor about investing in IDIF and other Invico funds.
Offering
Documents
Contact us to schedule a call with our syndicated credit team to learn how you can gain access to ICOLP.
contact
Get in Touch
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