# Invictus Growth Partners

> 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.

- CRD: 311947
- Filed as: INVICTUS GROWTH PARTNERS
- Legal name: Invictus Growth Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Mateo, CA
- Filing period: October 2026
- Form ADV filing dated: April 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311947
- AdvisorCensus page: https://advisorcensus.com/firm/invictus-growth-partners-san-mateo-ca-311947

## Quick answers

**How is Invictus Growth Partners compensated?**
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. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Invictus Growth Partners located?**
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).

**Is Invictus Growth Partners registered with the SEC or a state?**
Invictus Growth Partners is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 311947.

**How much does Invictus Growth Partners manage?**
Invictus Growth Partners reports $1,263,717,690 in regulatory assets under management in its Form ADV filing dated April 15, 2026 (100% discretionary).

**How have Invictus Growth Partners' assets and staff changed since 2021?**
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.

**What types of clients does Invictus Growth Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (17).

**Does Invictus Growth Partners report any disciplinary disclosures?**
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

**What changed in Invictus Growth Partners' recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $1,263,717,690
- Discretionary: $1,263,717,690
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 17 | $1,263,717,690 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2022 (4 years)
- Employees: 12 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Chicago, IL

### Websites listed on Form ADV (Item 1.I)
- [invictusgrowth.com](https://invictusgrowth.com)
- Facebook @Invictus-Growth-Partners-102949711246173
- LinkedIn @invictusgrowth
- YouTube @invictusgrowthpartners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | September 21, 2021 |
| October 2022 | $309,877,719 | 8 | June 29, 2022 |
| October 2023 | $426,954,984 | 6 | April 14, 2023 |
| October 2024 | $612,441,426 | 8 | April 15, 2024 |
| October 2025 | $1,037,156,597 | 10 | April 22, 2025 |
| October 2026 | $1,263,717,690 | 12 | April 15, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Invictus Growth Partners (CRD 311947): Form ADV filing data as of October 2026.