Victory Capital, an independent investment management firm, completed the acquisition of a 15% stake in Alderwood Partners, a London-based investment advisory firm. Financial terms were not disclosed. "This investment in a proven M&A capability provides Victory Capital with a number of compelling strategic advantages. It significantly broadens our international scope for future growth, particularly in the UK and on the European continent. In addition to expanding opportunities for complementary distribution alliances and strategic partnerships leveraging organizational and regulatory platforms in non-US jurisdictions, it also provides attractive return opportunity on our investment," David Brown, Victory Capital Chairman and CEO.