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Victory Capital Invests in Alderwood Partners to Broaden Scope for Future Growth
Tuesday 22 September 2020

A subsidiary of Texas-based global asset management firm Victory Capital Holdings, Inc. (NASDAQ: VCTR) has acquired a 15% interest in UK-based investment startup Alderwood Partners LLP to broaden scope for future growth in the UK and in Europe, the company said.

Financial terms were not disclosed.

Alderwood's operating entity, Alderwood Capital, is a London-based investment advisory firm focussed on taking minority stakes in specialist boutique asset management businesses. Alderwood is planning to raise a single fund to deploy its strategy.

Victory Capital is a diversified global asset management firm with USD 136.8bn in assets under management as of August 31, 2020.

The company provides specialised investment strategies to institutions, intermediaries, retirement platforms and individual investors.
Date Published: 22/09/2020