Victory Capital acquires USAA's $69bn asset manager in $850m deal

Photograph: Unsplash, Renan Kamikoga
Vicky Ge Huang

Victory had $63.6 billion in assets under management as at the end of September and will pay $850 million, plus conditional contingent payments based on future performance, for USAA Asset Management, which has $69.2 in assets under management.

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