TMCnet News
Victory Capital Completes THB Asset Management AcquisitionVictory Capital Holdings, Inc. (NASDAQ: VCTR) ("Victory Capital" or the "Company") today announced that it has completed the previously announced acquisition of certain assets of THB Asset Management ("THB"). Founded in 1982, THB is based in Norwalk, CT, and will remain in its current location. With approximately $555 million in equity assets, as of January 31, 2021, the team manages strategies in the U.S. micro-cap, small-cap and mid-cap asset classes as well as international small cap and global small cap portfolios. THB serves clients in the U.S. and in Europe and Australia through long-established partnerships with Carolon Capital and Brookvine, providing Victory Capital with additional offshore distribution relationships and opportunities. "THB is an early adopter of socially responsible investment practices and manages investment strategies in capacity constrained asset classes in which we have substantial experience," said David Brown (News - Alert), Chairman and CEO. "The team has a stellar investment performance track record. The THB strategies have consistently outperformed their respective benchmarks over the one-, three- and five-year periods ended December 31, 2020. We are pleased to welcome THB as our 10th Investment Franchise." Table: THB Investment Performance
About Victory Capital Victory Capital is a diversified global asset management firm with $146.2 billion in assets under management as of January 31, 2021. The Company operates a next-generation business model combining 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 10 autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment styles and investment vehicles including, actively managed mutual funds, separately managed accounts, active ETFs, multi-asset class strategies, custom-designed solutions and a 529 College Savings Plan. For more information, please visit www.vcm.com or follow us: Twitter and LinkedIn
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