New Head of PE at Invesco

Publicly-traded Invesco (NYSE: IVZ) has expanded its Invesco Private Capital business by naming Carl Stanton as a Managing Partner and Head of Private Equity.  Mr. Stanton was previously a managing partner at Wellspring Capital Management.

In his new role at Invesco, Mr. Stanton will broaden the scope of the firm’s existing private equity focus to include opportunistic buyouts and special situations.  As part of this expansion, the domestic activities of the firm’s WL Ross & Co unit (acquired in 2007) have been rolled into Mr. Stanton’s group.

Mr. Stanton is a private equity veteran with over 20 years of experience leading private equity investments and managing private equity teams. From October 1998 to May 2017 he was with Wellspring Capital Management. He became a partner of Wellspring in 2001 and led or co-sponsored a number of acquisitions for the firm in the industrial and consumer sectors and also led much of the firm’s distressed investing efforts, including its credit investment vehicle, Spring Capital.

“We are excited about the contributions that Carl can make to offer a broader array of financial solutions for our partners and investors,” said Greg Stoeckle who Co-Heads Invesco Private Capital along with Stephen Toy.

The hiring of Mr. Stanton further defines the capabilities of Invesco Private Capital into four closely connected areas:  private equity, distressed credit, WL Ross & Co., and venture capital. “The alignment of these capabilities and the ability to share ideas across our private capital business along with access to the broader resources of Invesco create a uniquely strong platform that we can further build upon with the addition of Carl to our leadership team,” added Mr. Stoeckle.

“I’m excited to be working amongst a world-class team at Invesco, and I’m looking forward to helping us expand our private equity platform,” said Mr. Stanton.

Invesco is an investment management company that is headquartered in Atlanta with branch offices in 20 countries. At November 30, 2017, the firm had $938 billion in assets under management with $143 billion invested in alternatives (www.invesco.com).

© 2018 Private Equity Professional | February 22, 2018

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