---
title: "Victory Capital to Acquire First Eagle, Creating $571B Asset Manager; $7B Deal ~35% 2027 EPS Accretion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297086130.md"
description: "Victory Capital announced a definitive agreement to acquire First Eagle Investments for approximately $7.0 billion, creating a combined asset manager with roughly $571 billion in total client assets. The deal, expected to close by the end of Q1 2027, is projected to be ~35% accretive to 2027 adjusted EPS and includes ~$280 million in net expense synergies. First Eagle will retain its brand and investment autonomy."
datetime: "2026-08-26T20:33:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297086130.md)
  - [en](https://longbridge.com/en/news/297086130.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297086130.md)
generator: "portal-rs"
---

# Victory Capital to Acquire First Eagle, Creating $571B Asset Manager; $7B Deal ~35% 2027 EPS Accretion

**Victory Capital announced a definitive agreement to acquire First Eagle Investments, creating a combined firm with about $571 billion in total client assets.**

**Key Highlights:**

-   Victory Capital will acquire First Eagle for ~ $7.0 billion: ~$4.4B cash, ~$2.0B new Victory equity, and assumption of $575M notes.
-   Combined AUM expected to be ~ $571B (Victory $348.8B + First Eagle ~$222B as of Jul 31, 2026), positioning Victory among largest public traditional U.S. managers.
-   Transaction expected ~35% accretive to 2027E adjusted EPS, including ~$280M of net expense synergies; pro forma revenue ~ $3.2B.
-   First Eagle will retain its brand and investment autonomy and contribute a scaled $41B CLO and alternative credit platform to Victory.
-   Deal subject to customary closing conditions, regulatory approvals, client consents and Victory shareholder approval; expected close by end of Q1 2027.

Original SEC Filing: Victory Capital Holdings, Inc. \[ VCTR \] - 8-K - Aug. 26, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**