Victory Capital Sets Sights on Trillion-Dollar Asset Milestone

Victory Capital has outlined an ambitious new target: reaching $1 trillion in assets under management. In a strategic shift, the firm’s leadership, including CEO David Brown, has emphasized that large-scale acquisitions will be the primary engine for growth, moving away from smaller, incremental purchases. This approach is designed to bridge the substantial gap from its current $323.2 billion in client assets (as of the end of January) to its ultimate goal.

The asset manager is entering this aggressive expansion phase from a position of strength. Its balance sheet is robust, with debt levels at a record low, providing significant financial flexibility for major transactions. Furthermore, the company has freed up internal capacity Read more...