Victory Capital is an investment management firm operating a next-generation, integrated multi-boutique business model with $123.8 billion in assets under management as of March 31, 2020. Victory Capital serves both institutional and retail investors.
Crestview is effective operationally and a value-add partner. The focus is always on growth and value creation.Dave Brown, Chairman & CEO
Seeing Through the Noise
Victory was a bank-owned captive asset management business that was undergoing a transformation to an independently operated multi-boutique. In addition, Victory faced additional headwinds as a result of outflows in one of its flagship products. Crestview was able to see through the noise to the long-term potential of the company’s diverse product offering, scalable investment platform and strong management team.
Gaining Scale to Enhance Value
Victory acquired Munder Capital Management in 2014. Both Victory and Munder have the same multi-boutique models, and the acquisition added four new platforms to Victory, creating a broader, more scalable business. Victory also acquired Compass EMP and RS Investments in 2015 to further enhance its scale, product diversification and distribution capabilities. In 2019, Victory completed the transformational acquisition of USAA Asset Management Company, representing a substantial expansion and diversification of its investment platform.
Value of the Multi-Boutique Model
Victory’s growth reflects the value of its multi-boutique model. Management has been able to attract best-in-class investment talent who value the ability to focus solely on investment management while leveraging the support of a robust distribution and operational platform.
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