ExitWednesday, August 26, 2026
Victory Capital agrees to buy Genstar-backed First Eagle for $7 billion
New York-based independent asset manager First Eagle Investments, backed by Genstar Capital, has agreed to a $7 billion sale to Victory Capital.
First Eagle is an independent asset manager headquartered in New York and is backed by Genstar Capital, which would be the seller.
Deal facts
- Target
- First Eagle Investments
- Business
- New York-headquartered independent asset manager
- Buyer
- Victory Capital
- Seller
- Genstar Capital
- Deal type
- Exit
- Headquarters
- New York, NY
- Value
- $7 billion
- Status
- Announced, not yet closed
- Announced
- Wednesday, August 26, 2026
Sources
- PEI Private EquityAug 26, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.