With 2024 coming to a close, we wanted to take a moment to celebrate some of this year’s top stories and highlights.
IDIF Acquires Texas-Based Royalty Assets
In January, Invico Diversified Income Fund (“IDIF” or “the Fund”) announced it had closed an oil and gas royalty package in Texas’ Eagle Ford Basin, marking the Fund’s first Texas-based upstream oil and gas acquisition. This transaction, purchased from a leading mineral and royalties firm, was expected to add 320 boe/d of royalty production from 49 wells, serving as a high-quality addition to the Fund’s existing land and royalty position. Read our full press release and see what Portfolio Manager, Jason Brooks, had to say.
IDIF Wins at 2024 Canadian Hedge Fund Awards
IDIF was the recipient of two awards at the 2024 Canadian Hedge Fund Awards, taking home third-place finishes in the Best 3-Year Return, Private Debt and Best 5-Year Return, Private Debt categories. These accolades mark the eleventh and twelfth Hedge Fund Awards issued to IDIF since 2019. Read a full recap of the awards gala and see what our Portfolio Manager, Allison Taylor, had to say.
Invico Celebrates Significant Milestones
Invico and IDIF achieved several milestones in 2024. Invico’s Diversified Investment Team successfully executed $130 million in transactions through September 30, 2024. Notably, over 99% of all loans were performing as at the same period, speaking to Invico’s rigorous approach to evaluation and monitoring to ensure each deal aligns with our investment mandate and criteria. In September, Invico celebrated its 19th anniversary and IDIF’s 11th year of fund operations, marking over a decade of delivering positive annual returns. These achievements speak to the Firm and Fund’s ability to withstand challenging market conditions and continue to deliver a powerful solution for investors.
Invico Gives Back through Community Initiatives
Invico has always been committed to giving back by investing in our local and national communities and by promoting equal opportunities - this year was no different. We were pleased to support various causes through volunteering and charitable donations, including Grow Calgary, the Calgary Drop-In Centre, Made by Momma, UNICEF Canada, and a local K-12 institution in Calgary.
In alignment with one of Invico’s core values of promoting gender equity, the Firm also participated in several women-focused initiatives this year, such as speaking engagements for the Women in Business chapter at the University of Calgary’s Haskayne School of Business. We were also pleased to commence the second year of our Women in Finance Internship Program, which is designed to address gender equality in the field of finance and reflects our passion for hands-on support and dedication to nurturing the next generation of female talent.