127 Public Square
Cleveland, OH 44114
Google Maps
Contact
Main Phone: 877-660-4400
Web Site:
http://www.victoryconnect.com/
Mutual Fund Brand(s)
Victory Funds
Research Links
SEC Fund Filings by CIK
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Background:
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On December 31, 2021, Victory Capital Holdings bought WestEnd Advisors, and WestEnd became Victory's 12th investment franchise. The deal was unveiled back in November 2021.
The Victory team traces their history back to 1894, to the formation of Cleveland Trust. 100 years later, the asset manager's parent, Cleveland-based Society Corporation, merged with Albany-based KeyCorp. The combined company (known as KeyCorp, parent of KeyBank) stayed in Cleveland and rebranded its asset manager as Key Asset Management Inc. (KAMI). In 2001, KeyCorp rebranded KAMI as Victory Capital Management, Inc.
In 2013, a $246-million management-led buyout backed by Crestview Partners freed Victory from KeyCorp. Then, after several acquisitions, Victory Capital IPOed on the Nasdaq on February 8, 2018. In 2019, after yet another acquisition, Victory moved its headquarters from Cleveland to San Antonio.
Victory Capital now has 12 "investment franchises" (what they call their boutiques), including:
-Birmingham, Michigan-based InCore Capital Management, which was known as the Munder Fixed Income team (see below) prior to a 2015 rebranding;
-Rocky River, Ohio-based Integrity Asset Management, which dates back to 1999, specializes in value equities, and was a subsidiary of Munder (see below);
-Birmingham, Michigan-based Munder Capital Management, which launched in 1998, focuses on growth and core equities, and which Victory bought in 2014;
-Hanover, New Hampshire-based New Energy Capital, which launched in 2004, specializes in clean energy infrastructure investing, and was purchased by Victory in 2021;
-New York City-based NewBridge Asset Management, which dates back to 1996, specializes in focused large-cap, and was known as the Victory Large Cap Growth Team prior to a 2015 rebranding;
-San Francisco-based RS Investments, which dates back to 1986, specializes in active equities, and was purchased by Victory in 2016;
-Des Moines, Iowa-based Sophus Capital, which was the RS Investments Emerging Markets team before the Victory acquisition in 2016;
-Cincinnati-based Sycamore Capital, which specializes in small- and mid-cap value;
-Norwalk, Connecticut-based THB Asset Management, which was founded in 1982, specializes in equities, and was purchased by Victory in 2021;
-Boston-based Trivalent Investments, which was founded in 1998, specializes in international equities and was known as the Munder International Equity Team prior to a 2015 rebranding;
-USAA Investments, which goes back to 1970 and which Victory bought in 2019, after which Victory HQ moved from Cleveland to San Antonio; and
-Charlotte, North Carolina-based WestEnd, which was founded in 2004, specializes in SMAs made out of portfolios of ETFs, and was purchased by Victory in 2021.
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Sponsored Opportunities
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Key People:
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David Brown
Chairman, CEO, Victory Capital Management | Kelly S. Cliff
President of Investment Franchises , Victory Capital Management | Michael D. Policarpo
Chief Operating Officer and Chief Financial Officer, Victory Capital Management | Mannik Dhillon
President of VictoryShares and Solutions, Victory Capital Management | Mark J. Van Meter
Head of Capital Markets and Trading, Victory Capital Management | Paul G. Pasicznyk
Head of Institutional, Victory Capital Management | Kevin Schmeits
Head of Intermediary & Retirement Sales, Victory Capital Management | Caroline Churchill
Chief Marketing Officer, Victory Capital Management | Nina Gupta
Chief Legal Officer, Victory Capital Management | Derrick A. MacDonald
Chief Technology and Operations Officer, Victory Capital Management | Lori A. Swain
Head of Human Resources, Victory Capital Management | Christopher Ohmacht
Co-CEO, Victory Capital (KeyCorp) | Gregory River
Senior Managing Director, Head of Equities, Victory Capital Management | Kevin Schmeits
Senior Managing Director, Head of Retail Sales, Victory Capital Management | Craig Ruch
Managing Director, Head of Fixed Income, Chief Investment Officer, Victory Capital Management |
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