Public Company Financial Services

Victory Capital Holdings

San Antonio, Texas, United States

Victory Capital (NASDAQ: VCTR) is a diversified global asset management firm that serves institutional, intermediary, and individual clients through an Investment Franchises and Solutions Platform across traditional and alternative asset classes.

Focus Areas
Asset Management, Investment Advisory, Mutual Funds
Website
www.vcm.com

Tracked deals

5

5 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

4 buyout · 1 divestiture

Victory Capital Holdings Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Victory Capital Holdings. 3 2021 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Victory Capital Holdings, Inc.
    Target
    First Eagle Investments
    Seller
    Genstar Capital, First Eagle employees
    Type
    Buyout

    Victory Capital Holdings has entered into a definitive agreement to acquire 100% of First Eagle Investments for approximately $7.0 billion. First Eagle will operate on Victory Capital’s platform while retaining its brand and investment autonomy, with the deal expected to close by the end of Q1 2027.

  • Buyer
    Victory Capital Holdings, Inc.
    Target
    Amundi US (Amundi Holdings US, Inc.)
    Seller
    Amundi (Amundi US / Amundi Holdings US, Inc.)

    Victory Capital has reached a definitive agreement to combine Amundi's US business (formerly Pioneer Investments) into its platform in exchange for Amundi receiving a 26.1% economic stake in Victory Capital. The deal includes reciprocal 15-year distribution agreements, aims to broaden product offerings and global distribution, and is expected to deliver meaningful cost synergies and near-term EPS accretion.

  • Buyer
    Victory Capital Holdings, Inc.
    Target
    WestEnd Advisors, LLC
    Type
    Buyout

    Victory Capital Holdings, Inc. entered into a definitive agreement to acquire 100% of WestEnd Advisors, LLC, a Charlotte-based asset manager that provides ETF-based model allocation strategies and separately managed accounts with approximately $18 billion in assets. The deal was announced November 4, 2021 (upfront consideration of $480 million plus deferred earnouts) and the acquisition closed on December 31, 2021.

  • Buyer
    Victory Capital Holdings, Inc.
    Target
    New Energy Capital Partners
    Type
    Buyout

    Victory Capital Holdings, Inc. agreed to acquire 100% of New Energy Capital Partners (NEC), adding NEC as its 11th investment franchise and launching an alternative investments platform focused on clean energy infrastructure. NEC, a Hanover, New Hampshire–based alternative asset manager specializing in debt and equity investments in clean energy projects, will operate within Victory Capital's centralized operating and distribution infrastructure.

  • Buyer
    Victory Capital Holdings, Inc.
    Target
    THB Asset Management
    Seller
    THB Asset Management
    Type
    Buyout

    Victory Capital Holdings, Inc. completed the acquisition of certain assets of THB Asset Management, adding approximately $555 million in equity assets and incorporating THB as its 10th investment franchise. THB will remain in Norwalk, Connecticut, and the transaction expands Victory Capital's capabilities in capacity-constrained small-/micro-cap strategies and adds offshore distribution relationships.

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