Victory Capital agrees to buy First Eagle from Genstar for $7 billion

Reuters2026/08/26 14:55

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Victory Capital agreed to buy First Eagle Investments from Genstar Capital and First Eagle employees for about USD 7 billion.
First Eagle had about USD 222 billion of AUM as of July 31, 2026; the combined firm is expected to have about USD 571 billion.
Consideration includes about USD 4.4 billion cash, USD 2 billion in newly issued Victory Capital equity, and assumption of USD 575 million 7.25% senior secured notes due 2032.
Genstar is expected to own about 14.6% of Victory Capital on a fully diluted basis, with voting interest capped at 4.9%.
Closing is expected by end of the first quarter of 2027, subject to regulatory approvals, client consents, and Victory Capital shareholder approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genstar Capital LLC published the original content used to generate this news brief on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Victory Capital agrees to buy First Eagle from Genstar for $7 billion

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