Ownership stake · Activity not yet classified

Victory Capital Holdings, Inc.

Transaction overview

Announced

Announced:

Exact closing date not established.

As part of the proposed First Eagle transaction, Genstar Capital is expected to own approximately 14.6% of Victory Capital on a fully diluted, as-converted basis, with voting interest limited to 4.9%. The proposed equity issuance requires Victory shareholder approval and remains subject to transaction closing.

Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.

Source evidence

  1. LATEST GENSTAR NEWS ↗

    Genstar Capital · Published Aug 26, 2026

    As part of the proposed First Eagle transaction, Genstar Capital is expected to own approximately 14.6% of Victory Capital on a fully diluted, as-converted basis, with voting interest limited to 4.9%. The proposed equity issuance requires Victory shareholder approval and remains subject to transaction closing.

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Victory Capital Holdings, Inc. · RIA Monitor