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Case 9 Victory Capital Holdings

In: Rising Stars

Author

Listed:
  • B. Rajesh Kumar

    (Institute of Management Technology)

Abstract

Victory Capital is a diversified global asset management firm with $159.1 billion in asset management as of August 31, 2022. The company is headquartered in San Antonio. The company employs approximately 450 employees across 13 offices in the United States and abroad. The operations of the company are based on a next-generation business model which is characterized by boutique investment qualities along with the benefits of a fully integrated, centralized operating and distribution platform. Victory Capital Holdings was named as one of the top fastest-growing companies in Fortune list 2021.Victory Capital consists of 12 autonomous investment franchises which focusses on independent investment approach. Victory Capital Holdings was formed in the year 2013 by acquiring Victory Capital Management and Victory Capital Services from KeyCorp. Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors. Victory Capital offers a diverse array of investment vehicles to manage actively managed mutual funds, rule-based ETFs, separately managed accounts, rule-based ETFs, private funds, and a 529 Education Savings Plan. The employees have personal investments valued at $250 million in the company’s investment products. By December 31, 2021, Victory Capital’s franchises and solutions platform collectively managed a diversified set of 130 investment strategies for a wide range of institutional and retail clients and direct investors. The company has grown organically by distributing a diverse product platform through a variety of business channels and inorganically through acquisitions. An investment of $10,000 in the Victory stock during February 2018 would have grown to $ 21,974 by October 2022. The total revenues and net income grew by 30% and 69%, respectively, on an average basis during the period 2019–2021.

Suggested Citation

  • B. Rajesh Kumar, 2024. "Case 9 Victory Capital Holdings," Management for Professionals, in: Rising Stars, pages 67-74, Springer.
  • Handle: RePEc:spr:mgmchp:978-3-031-50032-9_9
    DOI: 10.1007/978-3-031-50032-9_9
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