Investment adviser · CRD 106189

VICTORY CAPITAL MANAGEMENT INC.

Investment adviser filing (IA)

SAN ANTONIO, TX, United States · Form ADV filed Sep 30, 2026

Regulatory AUM: $283B
Client accounts: 4,061
Employees: 699
Advisory professionals: 170

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Investment companies	420	$199,760,907,156	70.7%
Pooled investment vehicles	75	$50,494,047,703	17.9%
Corporations & businesses	116	$8,892,608,477	3.1%
Retirement plans	85	$6,175,740,969	2.2%
Government entities	19	$4,507,652,888	1.6%
Sovereign wealth & foreign institutions	7	$3,945,051,820	1.4%
Other clients	14,067	$3,241,320,242	1.1%
Charities	45	$1,868,101,545	0.7%
Insurance companies	11	$1,369,413,088	0.5%
Individuals	3,238	$1,212,171,493	0.4%
Banks & thrifts	Fewer than 5	$1,152,161,762	0.4%
High-net-worth individuals	37	$94,002,513	0.0%

Filing source

Form ADV 2133032 · Sep 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

25 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

INSTITUTIONAL MULTI SECTOR FIXED INCOME PORTFOLIOHedge Fund · Last reported Sep 30, 2026$1.17BGross asset value

Form D fundraising filings

Institutional Multiple Investment Fund, LLC-Institutional Multi-Sector Fixed Income Portfolio

Fund administrator GREAT GRAY TRUST COMPANY BALTIMORE, Maryland, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP BOSTON, Massachusetts, United States

Custodian BNY MELLON EVERETT, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-5438473024
Reported beneficial owners: 9
Minimum commitment: $3M
Form D file number: 021-166796

Form ADV 2133032 · Sep 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND II, LPPrivate Equity Fund · Last reported Sep 30, 2026$154MGross asset value

Form D fundraising filings

New Energy Capital Infrastructure Credit Fund II LP

Fund administrator ULTIMUS LEVERPOINT CLIFTON PARK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICE WATERHOUSE COOPERS HARTFORD, Connecticut, United States

Custodian SILICON VALLEY BANK NEWTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICE WATERHOUSE COOPERS
PCAOB 238

Fund details & source

Fund ID: 805-5596467913
Reported beneficial owners: 98
Minimum commitment: $250K
Form D file number: 021-322367

Form ADV 2133032 · Sep 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

NECICF II AGGREGATOR 2, LLCPrivate Equity Fund · Last reported Sep 30, 2026$109MGross asset value

Fund administrator ULTIMUS LEVERPOINT CLIFTON PARK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICE WATERHOUSE COOPERS HARTFORD, Connecticut, United States

Custodian SILICON VALLEY BANK NEWTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICE WATERHOUSE COOPERS
PCAOB 238

Fund details & source

Fund ID: 805-9591574560
Reported beneficial owners: 114
Minimum commitment: $250K

Form ADV 2133032 · Sep 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

NECICF II AIV2, LPPrivate Equity Fund · Last reported Sep 30, 2026$80.7MGross asset value

Fund administrator ULTIMUS LEVERPOINT CLIFTON PARK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICE WATERHOUSE COOPERS HARTFORD, Connecticut, United States

Custodian SILICON VALLEY BANK NEWTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICE WATERHOUSE COOPERS
PCAOB 238

Fund details & source

Fund ID: 805-3591237314
Reported beneficial owners: 90
Minimum commitment: $250K

Form ADV 2133032 · Sep 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

NEC FUND VI, L.P.Private Equity Fund · Last reported Sep 30, 2026$79.8MGross asset value

Form D fundraising filings

NEC Fund VI, L.P.

Fund administrator ULTIMUS LEVERPOINT CLIFTON PARK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICE WATERHOUSE COOPERS HARTFORD, Connecticut, United States

Custodian SILICON VALLEY BANK NEWTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICE WATERHOUSE COOPERS
PCAOB 238

Fund details & source

Fund ID: 805-3496301474
Reported beneficial owners: 54
Minimum commitment: $250K
Form D file number: 021-479080

Form ADV 2133032 · Sep 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

EMERGING MARKETS EQUITY FOCUS PORTFOLIOHedge Fund · Last reported Sep 30, 2026$62.7MGross asset value

Form D fundraising filings

Institutional Multiple Investment Fund, LLC-Emerging Markets Equity Focus Portfolio

Fund administrator GREAT GRAY TRUST COMPANY BALTIMORE, Maryland, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELLOITTE & TOUCHE LLP BOSTON, Massachusetts, United States

Custodian BNY MELLON EVERETT, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELLOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-5230685521
Reported beneficial owners: 2
Minimum commitment: $3M
Form D file number: 021-453150

Form ADV 2133032 · Sep 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

NECICF II CAYMAN BLOCKER CORP.Private Equity Fund · Last reported Sep 30, 2026$33.4MGross asset value

Fund administrator ULTIMUS LEVERPOINT CLIFTON PARK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICE WATERHOUSE COOPERS HARTFORD, Connecticut, United States

Custodian SILICON VALLEY BANK NEWTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICE WATERHOUSE COOPERS
PCAOB 238

Fund details & source

Fund ID: 805-6826216924
Reported beneficial owners: 15
Minimum commitment: $250K

Form ADV 2133032 · Sep 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Sep 30, 2026. View historical filings

Reported services

Individual portfolio management · Investment company portfolio management · Pooled investment vehicle management · Business portfolio management · Selection of other advisers

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

15935 LA CANTERA PKWY
SAN ANTONIO, TX, 78256, United States

CRD 106189

Filing source

Form ADV 2133032 · Sep 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.