Files for New, Multi-Coin Crypto ETF
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company) today announced that its wholly owned investment
adviser, Victory Capital Management Inc., has launched the Victory
Hashdex Nasdaq Crypto Index Fund LLC, a private fund that tracks
the Nasdaq Crypto Index (NCI). Additionally, the Company said it
has filed an initial registration statement with the SEC to offer
the strategy in an ETF vehicle.
The private fund, developed as part of Victory Capital’s
previously announced exclusive agreements with renowned index
provider Nasdaq and global crypto-focused asset manager Hashdex
Ltd. (“Hashdex”), provides U.S. accredited investors access to
digital assets. Through this offering, investors gain broad-based
exposure to crypto assets in a dynamic, adaptable way for a
relatively low cost and without lockups.
The Company believes the new private fund is unique in the
digital asset investment landscape due to its multi-coin access,
daily liquidity at NAV and Nasdaq index governance, which includes
rigorous vetting of crypto assets, custodians and exchanges with
quarterly rebalancing and reconstitution.
“In conjunction with industry index leader Nasdaq and crypto
asset manager Hashdex, we’re thrilled to offer investors access to
the exciting and emerging crypto asset space,” said Mannik Dhillon,
CFA, CAIA, President of VictoryShares & Solutions. “We’re
confident we’re on the verge of fast and remarkable advancements in
this arena, and the Victory Hashdex Nasdaq Crypto Index Fund, along
with a potential future ETF offering, will provide our clients with
convenient exposure to multiple coins while introducing a new asset
class for their portfolios.”
Additional information about this innovative investment
opportunity can be found here.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $161.9 billion in assets under management as of June 30, 2021.
The Company operates a next-generation business model combining
boutique investment qualities with the benefits of a fully
integrated, centralized operating and distribution platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 10 autonomous Investment Franchises and a Solutions
Platform, Victory Capital offers a wide array of investment styles
and investment vehicles, including actively managed mutual funds,
separately managed accounts, active ETFs, multi-asset class
strategies, custom-designed solutions and a 529 College Savings
Plan.
For more information, please visit www.vcm.com or follow us:
Twitter and LinkedIn.
IMPORTANT DISCLOSURES
The Victory Hashdex Nasdaq Crypto Index Fund LLC is a private
fund; it is not an investment company registered under the
Investment Company Act of 1940, and therefore is not subject to the
same regulatory requirements as mutual funds or ETFs registered.
Before making an investment decision, you should carefully consider
the Fund’s investment objective, risk factors, fees and expenses
and other information included in the Private Placement Memorandum.
Investors in the fund must be verified as Accredited
Investors.
Investments in the Fund are speculative investments that
involve a high degree of risk, including a partial or total loss of
invested funds. There can be no assurance that the Fund will
achieve its investment objective or return any capital. The
interests in the Fund are not suitable for any investor that cannot
afford loss of the entire investment and is not intended as a
complete investment program. The interests in the Fund are not
registered under the Securities Act of 1933 (the “Securities Act”),
the Securities Exchange Act of 1934, the Investment Company Act of
1940, or any state or foreign securities laws, and are being
offered in private placements pursuant to the exemption from
registration provided by Rule 506 of Regulation D and/or Regulation
S of the Securities Act and other similar exemptions in the laws of
the states and jurisdictions where the offering will be made. As a
result, interests in the Fund are restricted and subject to
significant limitations on resales and transfers. Potential
investors should have limited need for liquidity in their
investment and should carefully consider the long-term nature of an
investment in the Fund prior to making an investment decision.
Interests in the Fund are not insured by the FDIC or any other
governmental agency.
Victory Capital Services, Inc., an affiliate of Victory Capital
Management Inc., the Fund’s investment advisor, will act as
placement agent to the Fund.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements may include, without limitation, any
statements preceded by, followed by or including words such as
“target,” “believe,” “expect,” “aim,” “intend,” “may,”
“anticipate,” “assume,” “budget,” “continue,” “estimate,” “future,”
“objective,” “outlook,” “plan,” “potential,” “predict,” “project,”
“will,” “can have,” “likely,” “should,” “would,” “could” and other
words and terms of similar meaning or the negative thereof. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond Victory Capital’s
control such as the COVID-19 pandemic and its effect on our
business, operations and financial results going forward, as
discussed in our “Risk Factors” and elsewhere in our Company’s
filings with the SEC, that could cause Victory Capital’s actual
results, performance or achievements to be materially different
from the expected results, performance or achievements expressed or
implied by such forward-looking statements.
Such forward-looking statements are based on numerous
assumptions regarding Victory Capital’s present and future business
strategies and the environment in which it will operate in the
future. Any forward-looking statement made in this press release
speaks only as of the date hereof. Except as required by law,
Victory Capital assumes 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210804005624/en/
Investors: Matthew Dennis, CFA Chief of Staff Director, Investor
Relations 216-898-2412 mdennis@vcm.com Media: Tricia Ross
310-622-8226 tross@finprofiles.com
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