Invictus Capital Management, Lp
- Regulatory AUM
- $7.3B
- Discretionary
- $6.5B
- Clients
- 29
- Avg AUM / client
- $250M
- Accounts
- 29
- Employees
- 53
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 15 | $3.0B | 41.1% |
| State or municipal government entities | 1 | $1.0B | 13.8% |
| Other investment advisers | 8 | $1.6B | 22.3% |
| Insurance companies | 5 | $1.7B | 22.8% |
Private funds (12)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $3.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Invictus Opportunity Fund Ii, L.P. master | Real Estate Fund | Delaware | $1.0B | 61 |
| Invictus Opportunity Fund Iii, L.P. master | Real Estate Fund | Delaware | $1.0B | 28 |
| Invictus Opportunity Fund Iii R, L.P master | Real Estate Fund | Delaware | $469M | 5 |
| Invictus Opportunity Offshore Fund Ii, L.P. master | Real Estate Fund | Cayman Islands | $328M | 22 |
| Invictus Opportunity Fund Iii Co Invest, L.P. master | Real Estate Fund | Cayman Islands | $264M | 9 |
| Invictus Opportunity Offshore Fund Iii, L.P. master | Real Estate Fund | Cayman Islands | $248M | 11 |
| Invictus Opportunity Offshore Fund L.P. master | Real Estate Fund | Cayman Islands | $67.4M | 27 |
| Invictus Recovery Opportunity Master Fund, L.P. master | Real Estate Fund | Delaware | $43.5M | 15 |
| Invictus Gladiator Fund, L.P. | Real Estate Fund | Delaware | $39.5M | 3 |
| Invictus Alternative Credit Fund, L.P. master | Hedge Fund | Cayman Islands | $27.0M | 2 |
| Invictus Opportunity Fund, L.P. master | Real Estate Fund | Delaware | $10.1M | 15 |
| Invictus Managed Account P, L.P. master | Real Estate Fund | United Kingdom | $5.6M | 2 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Warden, Michael, Wayne | Chief Executive Officer | Oct 2008 (18y) | Less than 5% | |
| Konigsberg, Robert, Charles | Chief Operating Officer | Jan 2015 (12y) | Less than 5% | |
| Beasley, Duane, Kevin | Chief Compliance Officer | May 2019 (7y) | Less than 5% | |
| Rosenberg, Daniel, Brett | Chief Financial Officer | Jan 2021 (6y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Invictus Capital Partners, Lp | Limited Partner | Dec 2014 | A | 75% or more |
| Invictus Capital Gp, Llc | General Partner | Dec 2014 | A | Less than 5% |
| Icm Investors, Lp | Limited Partner | Jun 2016 | A | Less than 5% |
| Invictus Capital Gp, Llc | General Partner | Dec 2014 | B | GP / trustee / elected manager of Invictus Capital Partners, Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (12, $3.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Invictus Opportunity Fund Ii, L.P. | Real Estate Fund | $1.0B | $100K | 61 |
| Invictus Opportunity Fund Iii, L.P. | Real Estate Fund | $1.0B | $100K | 28 |
| Invictus Opportunity Fund Iii R, L.P | Real Estate Fund | $469M | $100K | 5 |
| Invictus Opportunity Offshore Fund Ii, L.P. | Real Estate Fund | $328M | $250K | 22 |
| Invictus Opportunity Fund Iii Co Invest, L.P. | Real Estate Fund | $264M | $100K | 9 |
| Invictus Opportunity Offshore Fund Iii, L.P. | Real Estate Fund | $248M | $100K | 11 |
| Invictus Opportunity Offshore Fund L.P. | Real Estate Fund | $67.4M | $250K | 27 |
| Invictus Recovery Opportunity Master Fund, L.P. | Real Estate Fund | $43.5M | $250K | 15 |
| Invictus Gladiator Fund, L.P. | Real Estate Fund | $39.5M | $50.0K | 3 |
| Invictus Alternative Credit Fund, L.P. | Hedge Fund | $27.0M | $300K | 2 |
| Invictus Opportunity Fund, L.P. | Real Estate Fund | $10.1M | $100K | 15 |
| Invictus Managed Account P, L.P. | Real Estate Fund | $5.6M | $25.8M | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 5.04 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Computershare Trust Company, N.A. $2.8B (39% of AUM) Mar 2026
- Wells Fargo $869M (21% of AUM) Jun 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗