Victory Capital to acquire New Energy Capital Partners.

Victory Capital, an independent investment management firm, agreed to acquire New Energy Capital Partners, an alternative asset management firm focused on debt and equity investments in clean energy infrastructure projects and companies. Financial terms were not disclosed. “Launching an alternative investment platform creates an additional path for future growth. The same principles that have led to success in our traditional asset management business will guide the strategy for this part of our business. This includes adding autonomous Investment Franchises, with excellent investment performance track records and managing strategies designed to add value to client portfolios. Our operating and distribution infrastructure will support these Investment Franchises to allow them to stay focused on managing assets and serving clients," David Brown, Victory Capital Chairman and CEO.