SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Invesco Group Services, Inc. (Last) (First) (Middle) 1331 SPRING STREET NW, SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 08/28/2023	3. Issuer Name and Ticker or Trading Symbol Invesco Commercial Real Estate Finance Trust, Inc. [ NONE ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class E Common Stock, $0.01 par value	153,400	I(1)	See Footnote
Class I Common Stock, $0.01 par value	153,400	I(1)	See Footnote
Class S Common Stock, $0.01 par value	153,400	I(1)	See Footnote
Class D Common Stock, $0.01 par value	153,400	I(1)	See Footnote

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Invesco Group Services, Inc. (Last) (First) (Middle) 1331 SPRING STREET NW, SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* OppenheimerFunds, Inc. (Last) (First) (Middle) 225 LIBERTY STREET (Street) NEW YORK NY 10281 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* OPPENHEIMER ACQUISITION CORP (Last) (First) (Middle) 1331 SPRING STREET NW, SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* IVZ Inc (Last) (First) (Middle) 1331 SPRING STREET NW, SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* INVESCO HOLDING CO LTD (Last) (First) (Middle) 1555 PEACHTREE STREET NE, SUITE 1800 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. As indicated in a Form 3 for Invesco Realty, Inc. filed with the Securities and Exchange Commission on September 7, 2023 (SEC Accession No. 0001213900-23-075142), the common stock of Invesco Commercial Real Estate Finance Trust, Inc. described above is owned directly by Invesco Realty, Inc., which is a wholly owned subsidiary of Invesco Advisers, Inc. (the issuer's adviser), which is a wholly owned subsidiary of Invesco Group Services, Inc., which is a wholly owned subsidiary of OppenheimerFunds, Inc., which is a wholly owned subsidiary of Oppenheimer Acquisition Corp., which is a wholly owned subsidiary of Invesco Holding Company (US), Inc., which is a wholly owned subsidiary of Invesco Holding Company Limited and which is a wholly owned subsidiary of Invesco Ltd., the ultimate parent entity. As a result, all entities other than Invesco Realty, Inc. are indirect beneficial owners.

Remarks:

Exhibit 24.1 - Power of Attorney for Invesco Group Services, Inc. Exhibit 24.2 - Power of Attorney for OppenheimerFunds, Inc. Exhibit 24.3 - Power of Attorney for Oppenheimer Acquisition Corp. Exhibit 24.4 - Power of Attorney for Invesco Holding Company (US), Inc. Exhibit 24.5- Power of Attorney for Invesco Holding Company Limited

	/s/ Liz Day, Attorney-in-Fact, for Invesco Group Services, Inc.	09/15/2023
	/s/ Liz Day, Attorney-in-Fact, for OppenheimerFunds, Inc.	09/15/2023
	/s/ Liz Day, Attorney-in-Fact, for Oppenheimer Acquisition Corp.	09/15/2023
	/s/ Liz Day, Attorney-in-Fact, for Invesco Holding Company (US), Inc. (FKA IVZ Inc.)	09/15/2023
	/s/ Liz Day, Attorney-in-Fact, for Invesco Holding Company. Limited	09/15/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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