NasdaqGS:VCTRCapital Markets
Victory Capital Holdings (VCTR) Agreed A $7 Billion Asset Management Deal
Victory Capital Holdings (NasdaqGS:VCTR) agreed to acquire First Eagle Investments in a US$7b transaction.
The combined company will oversee about US$571b in assets under management once the deal closes.
The acquisition adds CLOs and alternative credit strategies to Victory Capital's product lineup and broadens its global reach.
The transaction highlights ongoing consolidation in the asset management industry as firms respond to fee pressure.
Investors following Victory Capital's move into...