Victory Capital Holdings, Inc. announced that Milton Berlinski will be stepping down from the Company?s Board of Directors on December 31, 2023, after nine years of service. In 2014, Mr. Berlinski led Reverence Capital Partners? successful investment in Victory Capital.

Earlier this year, private equity funds managed by Reverence divested substantially all of their shares in Victory Capital. Following such divestments and after consultation with Victory Capital Chairman and CEO David Brown, Mr. Berlinski has decided to step down from the Board on December 31, 2023. Mr. Berlinski co-founded Reverence Capital Partners in June 2013, after concluding a 26-year career at Goldman Sachs, where he served as a founding member of the Financial Institutions Group in Investment Banking, focusing on banks, consumer and commercial finance companies, asset management, insurance, and capital markets.