Victory Capital is an investment management firm operating a next-generation, integrated multi-boutique business model with $63.6 billion in assets under management as of September 30, 2018. 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. In April 2015, Victory acquired Compass EMP, a smart beta firm, adding another unique strategy to the platform. In late 2015, the company also announced plans to acquire RS Investments to further enhance its scale, product diversification and distribution capabilities.
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.
Munder is an investment advisory firm offering actively managed investment products to institutional and retail clients. It offers a broad array of equity, fixed income and balanced investment disciplines and was acquired by Victory Capital in October 2014.
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