Victory Capital to Acquire First Eagle Investments

Victory Capital agreed to acquire 100% of First Eagle Investments from Genstar Capital and First Eagle employees for approximately $7 billion, consisting of cash, Victory Capital equity and assumed debt. The acquisition would expand Victory Capital’s investment capabilities, alternative-credit platform, distribution reach and scale; it remains subject to regulatory approvals, client consents and Victory Capital shareholder approval, and is expected to close by the end of Q1 2027.