Victory Capital (VCTR) 8-K Regulation FD Disclosure

Exhibit 99.2

 Launch of Alternative Investments Platform/Acquisition of New Energy Capital Partners September 13, 2021  

 Forward Looking Statements  2  This presentation may contain “forward-looking” statements that are based on our beliefs and assumptions and on information currently available to us. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, competitive position and potential organic and inorganic growth opportunities. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “seek,” “estimate,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or similar expressions and the negatives of those terms.  Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements represent our beliefs and assumptions only as of the date of this presentation. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. 

 Strategic Rationale  New Energy Capital Partners Overview  Transaction Overview  Contents  3  Launch of Alternative Investments Platform 

 Transaction Overview  Transaction Overview, structure, & alignment  Victory Capital to acquire 100% of New Energy Capital Partners (NEC)NEC will become the 11th Victory Capital Investment Franchise1NEC’s investment team, process, and brand will remain unchangedSubstantial economic alignment through revenue sharing and earnout structureVictory Capital’s operations and distribution platform to provide scale and resources NEC’s senior management and investment leadership will continue to be significant investors in the strategies that they manageLaunches Victory Capital’s Alternative Investments Platform  Financing  Paying $65 million at closing, financed with cash on hand and potentially revolverPotential future payments based on revenue growth over a 6-year periodExpect to close in the fourth quarter of 20211No significant 1x integration costsMaintains capital flexibility for additional acquisitions  4  1The transaction is subject to regulatory and other customary approvals, conditions and consents, including approvals by NEC’s existing LPs. 

 Launch of Alternative Investments Platform  Guidingprinciples  Adds new organic and inorganic growth levers to businessAttractive fee rates, margins, and length of capital commitmentLeverages existing operating and distribution platformBroadens and diversifies product offeringsPotential to deepen existing client relationshipsValue added through our capability to create new product vehicles and wrappers to broaden distribution for alternative managersProducts are in demand and not easily disintermediated by passive strategies  5  Investment process autonomyCreative structuring to ensure alignment of incentivesSignificant organic growth potentialInvestment strategies that are value added to client portfoliosLong-term investment performance excellence   Why Alternative investments? 

 Strategic Rationale  Quality Investment team and process  Demonstrated investment excellence with 17-year investment performance track recordExperienced and highly specialized team of professionalsProprietary knowledge across regulatory jurisdictions and clean/renewable energy technologiesStrong cultural alignment with Victory Capital through shared entrepreneurial and ownership-oriented history  Strategies IN HIGH DEMAND  Clean and renewable energy investments are attracting capital as investors embrace ESG and impact investingAttractive income streams from stable long-term contracts with credit worthy counterpartiesContractually managed risk, uncorrelated with energy commoditiesTracking and reporting of environmental impacts  6  financial &Net Flow profile  Transaction expected to be immediately accretive to EPSFee rates exceed firm-wide average realized fee ratesLong-term locked up capital commitmentsElevates organic growth profile 

 New Energy Capital Partners Overview  Founded in 2004 by current CEO Scott Brown and Headquartered in Hanover, NHNEC was one of the first investors to focus on clean energy and infrastructure assetsPrivate equity fund structures with 5- to 10-year life and ability to earn carried interestInvested in more than 40 transactions totaling >$3 billion in asset value12 experienced investment professionals with more than 100 years of cumulative experience across the infrastructure and energy marketsAbility to invest in multiple technologies across the capital stack in both projects and companiesProprietary deal origination from robust network of developersDiverse LP base of endowments, foundations, insurance companies, pension plans, health systems and family offices  7    7 

 New Energy Capital Partners Overview  HISTORICAL FUND DEVELOPMENTNEC has a successful track record of raising funds and delivering strong returns for investors. Fund I, launched in 2004, has been fully realized and four funds are currently investing or in their harvesting stage:  8    FUND II  FUND III  FUND IV  FUND V  Fund Name  Alliance Fund I  Alliance Fund II  New Energy Capital Infrastructure Credit Fund  New Energy Capital Infrastructure Credit Fund II  Vintage (year)  2010  2015  2016  2018  Capital Commitments ($mm)  $114.6  $157.5  $328.3  $508.8  Focus  Hybrid  Hybrid  Debt  Debt  Initial Term  10-year Fund  10-year Fund  5-year Fund  6-year Fund