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About Victory Capital

Victory Capital is a diversified global asset management firm with $175.5 billion in total client assets as of March 31, 2024. The Company employs a next-generation business strategy that combines boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.

Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 11 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan, and brokerage services.

Victory Capital is headquartered in San Antonio, Texas, with offices and investment professionals in the U.S. and around the world. 



A message from Chairman and CEO David Brown

david brown

We are in an industry that is faced with constant change and uncertainty. The year 2022 provided a tangible example of this dynamic. Despite a very challenging and historically unusual market environment in which stocks and bonds both faced severe headwinds, Victory Capital delivered excellent investment performance, achieved strong financial results, and strengthened our commitment to being an outstanding corporate citizen.

For the second straight year, we were honored to be named to the Fortune 100 Fastest-Growing Companies list. We were one of only 24 companies to make the list for the past two consecutive years and the only traditional asset manager to be included. We were ranked fourth in Texas and the only company in our headquarters city of San Antonio to earn a place in the prestigious rankings.

Our ability to consistently deliver on behalf of our clients and shareholders is tied to three important components of our long-term strategy, which have been both persistent and purposeful throughout our history as an independent company.

The first is our culture. We have worked hard to foster a culture of ownership in our products, in our company and in the work that we do, so that our interests are aligned with those of our clients and shareholders. As of December 31, 2022, our employees have personally invested approximately $200 million in our investment products by choice and are material owners in our business through VCTR stock. That means when our clients and shareholders win, we also win. It’s a simple concept, but one that we believe has been a critical success factor for us over the years.

Second, is our integrated platform. Our platform is built to ensure that our investment capabilities are broadly diversified across a range of asset classes and vehicles, so that we are better able to weather challenging market conditions. Moreover, our clients are as diversified as our investment capabilities, ranging from individuals just starting their financial journeys to large intermediary platforms to some of the most sophisticated institutions in the world.

Finally, it is our people, who are our greatest asset. We are in a people business and have built a team of more than 500 professionals who refuse to accept anything short of excellence in the investment performance and service we provide to our clients, the financial results we deliver to our shareholders, and the work environment we create for each other. I am extremely humbled to work alongside them.

Commitment to Investment Excellence

Foundational to our business and our clients is delivering consistently strong investment performance.

We were honored to report that our Victory Funds complex ranked second overall among Barron’s Best Fund Families for the one-year period ended December 31, 2022. Victory Funds also ranked first in the Mixed Asset category and second in the U.S. Equity category. USAA® Mutual Funds ranked 26th overall for the one-year period. Read more

Our Funds also received eight 2023 U.S. Refinitiv Lipper Awards for the period ended November 30, 2022. The Funds receiving the awards represent a range of asset classes spanning from equity to fixed income to specialized sector strategies. Read more.

These accolades, which measure our performance relative to our industry peers, are a true testament to our investment professionals, who strive for excellence on behalf of our clients and investors every day.

Innovation and Growth

A key component of our culture has been our commitment to continually innovating and evolving our product set to meet the needs of our clients.

In the first half of 2023, we expanded our Direct Investor Business to include Marketplace, our new brokerage platform, which provides individual investors with greater choice and flexibility. With Marketplace, investors can choose from mutual funds and ETFs from Victory Capital as well as mutual funds and ETFs from other providers. They’ll also have access to trade individual stocks, all on a single platform. Read more.

At the same time, we’ve continued to grow our VictoryShares ETF offerings, which now include 25 ETFs representing a wide range of innovative and in-demand strategies.

Service to Our Communities

We remain committed to being an outstanding corporate citizen. We continue to grow and expand our alliance with Xavier University of Louisiana (XULA), which is designed to promote diversity in the asset management industry and prepare XULA students for careers in business. In late 2022, we visited the campus to meet with University leadership and engage with students interested in learning about our industry. We also met with members of the investment club that we helped to start through funding and educational resources and discussed ways to get more students involved in this exciting student-led learning opportunity. Additionally, we continue to provide financial support to students through the Victory Capital Scholars Program and explore ways to mentor students interested in careers in asset management.

Giving back to the communities in which we live and work is also core to our culture. We moved swiftly to support families impacted by the tragedy in Uvalde, Texas, and, through our work with Red Cross Disaster Relief, our employees provided assistance to Florida communities impacted by Hurricane Ian. Serving the Military through financial readiness tools and programs remains a priority as well, and our Employee Resource Groups continue to have an impact through support of organizations such as Toys for Tots, and many more.

Looking to the Future

History shows that challenging market environments like the one we experienced in 2022 create opportunity, and the foundation that we have set over the past several years has positioned us to take full advantage of the opportunities ahead.

For more insights on our business, I invite you to look around our website. Be sure to follow us on our social media channels as well.

David Brown
Chairman and Chief Executive Officer




Responsible business

Victory Capital is committed to making a difference, not only in the products and services we deliver to our clients and investors, but also in the way that we conduct our business, look out for our employees and how we serve the communities in which we live and work.


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Our history

We’re proud to share our history, which dates back more than 100 years when we began managing tax-exempt assets. We have grown organically by distributing our diverse product platform through a variety of business channels and inorganically through acquisitions.

Throughout our history we have fostered a culture of ownership in which our employees have meaningful ownership in our company and in our products. We believe that aligns our interests with those of our clients and that’s important to us.

Serving with purpose

Every investor, regardless of investment size, is equally important to us and we’re here to guide you every step of the way. Call us today to talk with a live U.S.-based investment specialist and get investment guidance without the wait and at no additional cost you.

Connect with Victory Capital

Contact the Relationship Managers in your region to learn more about Victory Capital. 

Connect with Victory Capital

Our Institutional Relationship Managers welcome your inquiries!