News Release - 1/3/2022

Victory Capital Closes Acquisition of WestEnd Advisors
SAN ANTONIO--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”) today
announced that it successfully closed the previously announced acquisition of WestEnd Advisors (“WestEnd”) on
December 31, 2021.
David Brown, Chairman and CEO of Victory Capital, said, “WestEnd represents our third acquisition that closed in 2021.
“We are looking forward to deepening WestEnd’s penetration on existing platforms and introducing them to new financial
intermediaries and platforms where we have long-standing relationships. We are excited to leverage the complementary
capabilities of both organizations and maximize the opportunity ahead of us.”
WestEnd will become Victory Capital’s 12th Investment Franchise and represents a new dimension of growth anddiversification. Founded in 2004, and headquartered in Charlotte, North Carolina, WestEnd provides financial advisors
with turnkey, core model allocation strategies serving as holistic solutions and complementary sources of alpha. The firmoffers four primary ETF strategies and one large cap core strategy, all in tax efficient Separately Managed Account (SMA)structures.
About Victory Capital
Victory Capital is a diversified global asset management firm with $160.5 billion in assets under management as ofNovember 30, 2021. It was ranked ninth on Fortune’s list of the 100 Fastest Growing Companies for 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 andindividual investors. With 12 autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a widearray of investment products, including mutual funds, ETFs, separately managed accounts, alternative investments, thirdparty ETF model strategies, collective investment trusts, private funds, and a 529 Education Savings Plan.
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FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation ReformAct of 1995. These statements may include, without limitation, any statements preceded by, followed by or includingwords such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “assume,” “budget,” “continue,” “estimate,”1

“future,” “objective,” “outlook,” “plan,” “potential,” “predict,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could”
and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known
and unknown risks, uncertainties and other important factors beyond Victory Capital’s control such as the COVID-19
pandemic and its effect on our business, operations and financial results going forward, as discussed in Victory Capital’sfilings with the SEC, that could cause Victory Capital’s actual results, performance or achievements to be materiallydifferent from the expected results, performance or achievements expressed or implied by such forward-looking
statements.
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and is used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products orservices of, Victory Capital Management, Inc.
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Investors:
Matthew Dennis, CFA
Chief of Staff
Director, Investor Relations
216-898-2412
mdennis@vcm.com
Media:
Tricia Ross
310-622-8226
tross@finprofiles.com
Source: Victory Capital Holdings, Inc.

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