{
  "crd_number": 311947,
  "slug": "invictus-growth-partners-san-mateo-ca-311947",
  "primary_business_name": "INVICTUS GROWTH PARTNERS",
  "legal_name": "INVICTUS GROWTH MANAGEMENT, LLC",
  "dbas": [],
  "city": "San Mateo",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-08-03",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-04-15",
  "carried_forward": false,
  "raum_total": 1263717690.0,
  "raum_discretionary": 1263717690.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 12,
  "advisory_employees": 12,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 1263717690.0,
      "count": 17
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://facebook.com/Invictus-Growth-Partners-102949711246173",
    "https://invictusgrowth.com",
    "https://linkedin.com/company/invictusgrowth",
    "https://youtube.com/@invictusgrowthpartners"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/311947",
  "city_as_filed": "SAN MATEO",
  "url": "https://advisorcensus.com/firm/invictus-growth-partners-san-mateo-ca-311947",
  "display_name": "Invictus Growth Partners",
  "summary": "Invictus Growth Partners is an SEC-registered investment advisory firm in San Mateo, CA, registered since 2022, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 15, 2026.",
  "citation": "AdvisorCensus. Invictus Growth Partners (CRD 311947): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Invictus Growth Partners compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Invictus Growth Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Invictus Growth Partners located?",
      "a": "Invictus Growth Partners' principal office is in San Mateo, CA, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Invictus Growth Partners registered with the SEC or a state?",
      "a": "Invictus Growth Partners is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 311947."
    },
    {
      "q": "How much does Invictus Growth Partners manage?",
      "a": "Invictus Growth Partners reports $1,263,717,690 in regulatory assets under management in its Form ADV filing dated April 15, 2026 (100% discretionary)."
    },
    {
      "q": "How have Invictus Growth Partners' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Invictus Growth Partners: Regulatory assets under management: $309,877,719 in the October 2022 data and $1,263,717,690 in the October 2026 data, up 308%. Total employees: 8 in October 2022 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Invictus Growth Partners serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (17)."
    },
    {
      "q": "Does Invictus Growth Partners report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/311947"
    },
    {
      "q": "What changed in Invictus Growth Partners' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 10 to 12. Regulatory assets under management went from $1,037,156,597 to $1,263,717,690 (+22%). Added an office in Chicago, IL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2021-09-21"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 309877719.0,
      "total_employees": 8,
      "filing_date": "2022-06-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 426954984.0,
      "total_employees": 6,
      "filing_date": "2023-04-14"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 612441426.0,
      "total_employees": 8,
      "filing_date": "2024-04-15"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1037156597.0,
      "total_employees": 10,
      "filing_date": "2025-04-22"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1263717690.0,
      "total_employees": 12,
      "filing_date": "2026-04-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 10 to 12.",
        "Regulatory assets under management went from $1,037,156,597 to $1,263,717,690 (+22%).",
        "Added an office in Chicago, IL."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/invictus-growth-partners-san-mateo-ca-311947.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 17,
      "fewer_than_5": false,
      "raum": 1263717690.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/311947",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}