Filing Details

Accession Number:
0001193125-24-033805
Form Type:
13G Filing
Publication Date:
2024-02-12 19:00:00
Filed By:
Reverence Capital Partners Opportunities Fund I, L.p.
Company:
Victory Capital Holdings Inc. (NASDAQ:VCTR)
Filing Date:
2024-02-13
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Reverence Capital Partners Opportunities Fund I 0 0 0 0 0 0.0%
Reverence Capital Partners Opportunities Fund I (Cayman) 0 0 0 0 0 0.0%
Reverence Capital Partners Opportunities Fund I (AI) 0 0 0 0 0 0.0%
RCP Opp Fund I GP 0 1,234,795 0 1,234,795 1,234,795 1.87%
RCP GenPar 0 1,234,795 0 1,234,795 1,234,795 1.87%
RCP GenPar HoldCo 0 1,234,795 0 1,234,795 1,234,795 1.87%
RCP Co-Invest GP 0 113,127 0 113,127 113,127 0.17%
Reverence Capital Partners 0 113,127 0 113,127 113,127 0.17%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)*

 

 

Victory Capital Holdings, Inc.

(Name of Issuer)

Class A Common Stock, $0.01 par value

(Title of Class of Securities)

92645B103

(CUSIP Number)

December 31, 2023

(Date of Event Which Requires Filing of this Statement)

 

 

Check the Appropriate Box to Designate the Rule Pursuant to Which this Schedule Is Filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


 1.   

 Names of Reporting Persons

 

 Reverence Capital Partners Opportunities Fund I, L.P.

 2.  

 Check The Appropriate Box if a Member of a Group (See Instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC Use Only

 

 4.  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.    

 Sole Voting Power

 

 0

   6.   

 Shared Voting Power

 

 0

   7.   

 Sole Dispositive Power

 

 0

   8.   

 Shared Dispositive Power

 

 0

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 0

10.  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 ☐

11.  

 Percent of Class Represented by Amount in Row (9)

 

 0.0%

12.  

 Type of Reporting Person (See Instructions)

 

 PN


 1.   

 Names of Reporting Persons

 

 Reverence Capital Partners Opportunities Fund I (Cayman), L.P.

 2.  

 Check The Appropriate Box if a Member of a Group (See Instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC Use Only

 

 4.  

 Citizenship or Place of Organization

 

 Cayman Islands

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.    

 Sole Voting Power

 

 0

   6.   

 Shared Voting Power

 

 0

   7.   

 Sole Dispositive Power

 

 0

   8.   

 Shared Dispositive Power

 

 0

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 0

10.  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 ☐

11.  

 Percent of Class Represented by Amount in Row (9)

 

 0.0%

12.  

 Type of Reporting Person (See Instructions)

 

 PN


 1.   

 Names of Reporting Persons

 

 Reverence Capital Partners Opportunities Fund I (AI), L.P.

 2.  

 Check The Appropriate Box if a Member of a Group (See Instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC Use Only

 

 4.  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.    

 Sole Voting Power

 

 0

   6.   

 Shared Voting Power

 

 0

   7.   

 Sole Dispositive Power

 

 0

   8.   

 Shared Dispositive Power

 

 0

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 0

10.  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 ☐

11.  

 Percent of Class Represented by Amount in Row (9)

 

 0.0%

12.  

 Type of Reporting Person (See Instructions)

 

 PN


 1.   

 Names of Reporting Persons

 

 RCP Opp Fund I GP, L.P.

 2.  

 Check The Appropriate Box if a Member of a Group (See Instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC Use Only

 

 4.  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.    

 Sole Voting Power

 

 0

   6.   

 Shared Voting Power

 

 1,234,795

   7.   

 Sole Dispositive Power

 

 0

   8.   

 Shared Dispositive Power

 

 1,234,795

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 1,234,795

10.  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 ☐

11.  

 Percent of Class Represented by Amount in Row (9)

 

 1.87%(1)

12.  

 Type of Reporting Person (See Instructions)

 

 PN

 

(1)

Calculated based on 65,989,429 shares of Class A common stock (Class A Shares) outstanding as of October 31, 2023 as reported on the Issuers Form 10-Q filed on November 3, 2023.


 1.   

 Names of Reporting Persons

 

 RCP GenPar LP

 2.  

 Check The Appropriate Box if a Member of a Group (See Instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC Use Only

 

 4.  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.    

 Sole Voting Power

 

 0

   6.   

 Shared Voting Power

 

 1,234,795

   7.   

 Sole Dispositive Power

 

 0

   8.   

 Shared Dispositive Power

 

 1,234,795

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 1,234,795

10.  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 ☐

11.  

 Percent of Class Represented by Amount in Row (9)

 

 1.87%(1)

12.  

 Type of Reporting Person (See Instructions)

 

 PN

 

(1)

Calculated based on 65,989,429 Class A Shares outstanding as of October 31, 2023 as reported on the Issuers Form 10-Q filed on November 3, 2023.


 1.   

 Names of Reporting Persons

 

 RCP GenPar HoldCo LLC

 2.  

 Check The Appropriate Box if a Member of a Group (See Instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC Use Only

 

 4.  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.    

 Sole Voting Power

 

 0

   6.   

 Shared Voting Power

 

 1,234,795

   7.   

 Sole Dispositive Power

 

 0

   8.   

 Shared Dispositive Power

 

 1,234,795

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 1,234,795

10.  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 ☐

11.  

 Percent of Class Represented by Amount in Row (9)

 

 1.87%(1)

12.  

 Type of Reporting Person (See Instructions)

 

 OO

 

(1)

Calculated based on 65,989,429 Class A Shares outstanding as of October 31, 2023 as reported on the Issuers Form 10-Q filed on November 3, 2023.


 1.   

 Names of Reporting Persons

 

 RCP Co-Invest GP LLC

 2.  

 Check The Appropriate Box if a Member of a Group (See Instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC Use Only

 

 4.  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.    

 Sole Voting Power

 

 0

   6.   

 Shared Voting Power

 

 113,127

   7.   

 Sole Dispositive Power

 

 0

   8.   

 Shared Dispositive Power

 

 113,127

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 113,127

10.  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 ☐

11.  

 Percent of Class Represented by Amount in Row (9)

 

 0.17%(1)

12.  

 Type of Reporting Person (See Instructions)

 

 OO

 

(1)

Calculated based on 65,989,429 Class A Shares outstanding as of October 31, 2023 as reported on the Issuers Form 10-Q filed on November 3, 2023.


 1.   

 Names of Reporting Persons

 

 Reverence Capital Partners LLC

 2.  

 Check The Appropriate Box if a Member of a Group (See Instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC Use Only

 

 4.  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.    

 Sole Voting Power

 

 0

   6.   

 Shared Voting Power

 

 113,127

   7.   

 Sole Dispositive Power

 

 0

   8.   

 Shared Dispositive Power

 

 113,127

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 113,127

10.  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 ☐

11.  

 Percent of Class Represented by Amount in Row (9)

 

 0.17%(1)

12.  

 Type of Reporting Person (See Instructions)

 

 OO

 

(1)

Calculated based on 65,989,429 Class A Shares outstanding as of October 31, 2023 as reported on the Issuers Form 10-Q filed on November 3, 2023.


Item 1(a).    Name of Issuer:
   Victory Capital Holdings, Inc. (the Issuer)
Item 1(b).    Address of Issuers Principal Executive Offices:
  

15935 La Cantera Parkway

San Antonio, Texas 78256

Item 2(a).    Names of Persons Filing:
  

This statement is filed by the entities and persons listed below, each of whom is referred to herein as a Reporting Person and together as the Reporting Persons:

 

1.  Reverence Capital Partners Opportunities Fund I, L.P. (RCPO)

 

2.  Reverence Capital Partners Opportunities Fund I (Cayman), L.P. (RCPO Cayman)

 

3.  Reverence Capital Partners Opportunities Fund I (AI), L.P. (RCPO AI)

 

4.  RCP Opp Fund I GP, L.P. (Fund I GP), general partner of RCPO, RCPO Cayman, and RCPO AI

 

5.  RCP GenPar LP (GenPar LP), general partner of Fund I GP

 

6.  RCP GenPar HoldCo LLC (GenPar HoldCo), general partner of GenPar LP

 

7.  RCP Co-Invest GP LLC (Co-Invest GP)

 

8.  Reverence Capital Partners LLC (RCP LLC), managing member of Co-Invest GP

Item 2(b).    Address of the Principal Business Office or, if None, Residence:
  

C/O Reverence Capital Partners LLC

590 Madison Ave., 29th Floor

New York, NY 10022

Item 2(c).    Citizenship:
   See responses to Item 4 on each cover page.
Item 2(d).    Title of Class of Securities:
   Class A Common Stock, $0.01 par value
Item 2(e).    CUSIP Number:
   92645B103
Item 3.    If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n):
   Not Applicable.
Item 4.    Ownership.
  

(a)   Amount beneficially owned:

 

See responses to Item 9 on each cover page.

 

(b)  Percent of Class:

 

See responses to Item 11 on each cover page.


  

(c)   Number of shares as to which the Reporting Person has:

 

(i) Sole power to vote or to direct the vote:

 

See responses to Item 5 on each cover page.

 

(ii)  Shared power to vote or to direct the vote:

 

See responses to Item 6 on each cover page.

 

(iii)  Sole power to dispose or to direct the disposition of:

 

See responses to Item 7 on each cover page.

 

(iv) Shared power to dispose or to direct the disposition of:

 

See responses to Item 8 on each cover page.

 

Fund I GP directly holds 1,234,795 Class A Shares. GenPar LP is the general partner of Fund I GP, and GenPar HoldCo is the general partner of GenPar LP, and accordingly each of GenPar LP and GenPar HoldCo may be deemed to have beneficial ownership of the aggregate 1,234,795 Class A Shares held by Fund I GP, constituting 1.87% of the Issuers outstanding common stock.

 

Co-Invest GP directly holds 113,127 Class A Shares. RCP LLC is the managing member of Co-Invest GP, and accordingly may be deemed to have beneficial ownership over the 113,127 Class A Shares held by Co-Invest GP, constituting 0.17% of the Issuers outstanding common ctock.

 

All calculations of percentage ownership are based on 65,989,429 Class A Shares outstanding as of October 31, 2023 as reported on the Issuers Form 10-Q filed on November 3, 2023.

 

This filing of this Statement shall not be construed as an admission that any of the Reporting Persons are, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement.

Item 5.    Ownership of Five Percent or Less of a Class.
   If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.
Item 6.    Ownership of More than Five Percent on Behalf of Another Person.
   Not Applicable.
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
   Not Applicable.
Item 8.    Identification and Classification of Members of the Group.
   Not Applicable.
Item 9.    Notice of Dissolution of Group.
   Not Applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 13, 2024

 

Reverence Capital Partners Opportunities Fund I, L.P.
By:   RCP Opp Fund I GP, L.P., its general partner
By:   RCP GenPar LP, its general partner
By:   RCP GenPar HoldCo LLC, its general partner
By:  

/s/ Milton Berlinski

  Name: Milton Berlinski
  Title: Authorized Signatory
Reverence Capital Partners Opportunities Fund I (Cayman), L.P.
By:   RCP Opp Fund I GP, L.P., its general partner
By:   RCP GenPar LP, its general partner
By:   RCP GenPar HoldCo LLC, its general partner
By:  

/s/ Milton Berlinski

  Name: Milton Berlinski
  Title: Authorized Signatory
Reverence Capital Partners Opportunities Fund I (AI), L.P.
By:   RCP Opp Fund I GP, L.P., its general partner
By:   RCP GenPar LP, its general partner
By:   RCP GenPar HoldCo LLC, its general partner
By:  

/s/ Milton Berlinski

  Name: Milton Berlinski
  Title: Authorized Signatory
RCP Opp Fund I GP, L.P.
By:   RCP GenPar LP, its general partner
By:   RCP GenPar HoldCo LLC, its general partner
By:  

/s/ Milton Berlinski

  Name: Milton Berlinski
  Title: Authorized Signatory

RCP GenPar LP
By:   RCP GenPar HoldCo LLC, its general partner
By:  

/s/ Milton Berlinski

  Name: Milton Berlinski
  Title: Authorized Signatory
RCP GenPar HoldCo LLC
By:  

/s/ Milton Berlinski

  Name: Milton Berlinski
  Title: Authorized Signatory
RCP Co-Invest GP LLC
By:   Reverence Capital Partners, LLC, its managing member
By:  

/s/ Milton Berlinski

  Name: Milton Berlinski
  Title: Authorized Signatory
Reverence Capital Partners LLC
By:  

/s/ Milton Berlinski

  Name: Milton Berlinski
  Title: Authorized Signatory

EXHIBIT LIST

 

Exhibit 1    Joint Filing Agreement, dated as of February 13, 2024.