# EDGAR Filing Document

**Accession Number:** 0001976927
**File Stem:** 0000020430-25-000026
**Filing Date:** 2025-8
**Character Count:** 16584
**Document Hash:** 2176414251eac9335759d47335f7c8a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000020430-25-000026.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0000020430-25-000026

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250801

**FILED AS OF DATE**: 20250804

**DATE AS OF CHANGE**: 20250804

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Invesco Advisers, Inc.
- **CENTRAL INDEX KEY:** 0000020430
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56564
- **FILM NUMBER:** 251178813

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 SPRING STREET NW
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 3226410173

**MAIL ADDRESS:**
- **STREET 1:** 1331 SPRING STREET NW
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Invesco Institutional (N.A.), Inc.
- **DATE OF NAME CHANGE:** 20080429

**FORMER NAME:**
- **FORMER CONFORMED NAME:** INVESCO INSTITUTIONAL NA INC
- **DATE OF NAME CHANGE:** 20011108

**FORMER NAME:**
- **FORMER CONFORMED NAME:** INVESCO INC
- **DATE OF NAME CHANGE:** 20000510
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** OppenheimerFunds, Inc.
- **CENTRAL INDEX KEY:** 0000728889

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56564
- **FILM NUMBER:** 251178811

**BUSINESS ADDRESS:**
- **STREET 1:** 225 LIBERTY STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10281-1008
- **BUSINESS PHONE:** 212-323-0200

**MAIL ADDRESS:**
- **STREET 1:** 225 LIBERTY STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10281-1008

**FORMER NAME:**
- **FORMER CONFORMED NAME:** OPPENHEIMER FUNDS INC
- **DATE OF NAME CHANGE:** 20020227

**FORMER NAME:**
- **FORMER CONFORMED NAME:** OPPENHEIMER MANAGEMENT CORP
- **DATE OF NAME CHANGE:** 19940131
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** OPPENHEIMER ACQUISITION CORP
- **CENTRAL INDEX KEY:** 0000869013

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56564
- **FILM NUMBER:** 251178810

**BUSINESS ADDRESS:**
- **STREET 1:** 3410 SO GALENA ST
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80231
- **BUSINESS PHONE:** 3036713200

**MAIL ADDRESS:**
- **STREET 1:** 3410 SO GALENA ST
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80231
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Invesco Group Services, Inc.
- **CENTRAL INDEX KEY:** 0001993081

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56564
- **FILM NUMBER:** 251178812

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 SPRING ST. NW SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** (404) 898-0771

**MAIL ADDRESS:**
- **STREET 1:** 1331 SPRING ST. NW SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** INVESCO HOLDING CO LTD
- **CENTRAL INDEX KEY:** 0001464185

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56564
- **FILM NUMBER:** 251178808

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 SPRING STREET NW
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 404-892-0896

**MAIL ADDRESS:**
- **STREET 1:** 1331 SPRING STREET NW
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** IVZ Inc
- **CENTRAL INDEX KEY:** 0001464186

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56564
- **FILM NUMBER:** 251178809

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 SPRING STREET NW
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 404-892-0896

**MAIL ADDRESS:**
- **STREET 1:** 1331 SPRING STREET NW
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Invesco Ltd.
- **CENTRAL INDEX KEY:** 0000914208
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56564
- **FILM NUMBER:** 251178807

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 SPRING STREET NW
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 404-892-0896

**MAIL ADDRESS:**
- **STREET 1:** 1331 SPRING STREET NW
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Invesco Asset Management Deutschland GMBH
- **DATE OF NAME CHANGE:** 20211102

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Invesco Ltd.
- **DATE OF NAME CHANGE:** 20080520

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Invesco Ltd
- **DATE OF NAME CHANGE:** 20080508
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Commercial Real Estate Finance Trust, Inc.
- **CENTRAL INDEX KEY:** 0001976927
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 921080856
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 2300 N FIELD STREET, SUITE 1200
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 972-715-7400

**MAIL ADDRESS:**
- **STREET 1:** 2300 N FIELD STREET, SUITE 1200
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Invesco Advisers, Inc.<br><sub>(Last) (First) (Middle)</sub><br>1331 SPRING STREET NW, SUITE 2500<br><sub>(Street)</sub><br>ATLANTA, GA 30309<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Invesco Commercial Real Estate Finance Trust, Inc. [ N/A ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Invesco Group Services, Inc.<br><sub>(Last) (First) (Middle)</sub><br>1331 SPRING STREET, NW<br>SUITE 2500<br><sub>(Street)</sub><br>ATLANTA, GA 30309<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Invesco Commercial Real Estate Finance Trust, Inc. [ N/A ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>OppenheimerFunds, Inc.<br><sub>(Last) (First) (Middle)</sub><br>1331 SPRING STREET, NW<br>SUITE 2500<br><sub>(Street)</sub><br>ATLANTA, GA 30309<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Invesco Commercial Real Estate Finance Trust, Inc. [ N/A ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>OPPENHEIMER ACQUISITION CORP<br><sub>(Last) (First) (Middle)</sub><br>1331 SPRING STREET, NW<br>SUITE 2500<br><sub>(Street)</sub><br>ATLANTA, GA 30309<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Invesco Commercial Real Estate Finance Trust, Inc. [ N/A ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>IVZ Inc<br><sub>(Last) (First) (Middle)</sub><br>1331 SPRING STREET, NW<br>SUITE 2500<br><sub>(Street)</sub><br>ATLANTA, GA 30309<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Invesco Commercial Real Estate Finance Trust, Inc. [ N/A ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>INVESCO HOLDING CO LTD<br><sub>(Last) (First) (Middle)</sub><br>1331 SPRING STREET, NW<br>SUITE 2500<br><sub>(Street)</sub><br>ATLANTA, GA 30309<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Invesco Commercial Real Estate Finance Trust, Inc. [ N/A ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Invesco Ltd.<br><sub>(Last) (First) (Middle)</sub><br>1331 SPRING STREET, NW<br>SUITE 2500<br><sub>(Street)</sub><br>ATLANTA, GA 30309<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Invesco Commercial Real Estate Finance Trust, Inc. [ N/A ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class E Common Stock, $0.01 par value | 2025-08-01 |  | A |  | 52636<sup>(1)</sup> | A | $25.6104 | 234757 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Represents the acquisition by Invesco Advisers, Inc. (the issuer's adviser) of Class E Common Stock as payment of its management fee. The Reporting Persons are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

**Signature:** /s/ Tina Carew, Attorney-in-Fact, for Invesco Advisers, Inc  
**Date:** 2025-08-04

**Signature:** /s/ Tina Carew, Attorney-in-Fact, for Invesco Group Services, Inc.  
**Date:** 2025-08-04

**Signature:** /s/ Tina Carew, Attorney-in-Fact, for OppenheimerFunds Inc.  
**Date:** 2025-08-04

**Signature:** /s/ Tina Carew, Attorney-in-Fact, for Oppenheimer Acquisition Corp  
**Date:** 2025-08-04

**Signature:** /s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company (US), Inc. (FKA IVZ Inc.)  
**Date:** 2025-08-04

**Signature:** /s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company Limited  
**Date:** 2025-08-04

**Signature:** /s/ Tina Carew, Attorney-in-Fact, for Invesco Ltd.  
**Date:** 2025-08-04

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**