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        <filer>
          <filerCredentials>
            <cik>0001731553</cik>
            <ccc>XXXXXXXX</ccc>
          </filerCredentials>
        </filer>
        <liveTestFlag>LIVE</liveTestFlag>
  
  
      </filerInfo>
    </headerData>
    <formData>
      <issuerInfo>
        <issuerCik>0001570827</issuerCik>
        <issuerName>Victory Capital Holdings, Inc.</issuerName>
        <secFileNumber>001-38388</secFileNumber>
        <issuerAddress>
          <com:street1>15935 La Cantera Parkway</com:street1>
          <com:city>San Antionio</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>78256</com:zipCode>
        </issuerAddress>
        <issuerContactPhone>216-898-2400</issuerContactPhone>
        <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>RCP Opp Fund I GP, L.P.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
        <relationshipsToIssuer>
          <relationshipToIssuer>Shareholder</relationshipToIssuer>
        </relationshipsToIssuer>
      </issuerInfo>
      <securitiesInformation>
        <securitiesClassTitle>Class A</securitiesClassTitle>
        <brokerOrMarketmakerDetails>
          <name>Merrill Lynch, Pierce, Fenner &amp; Smith Inc.</name>
          <address>
            <com:street1>555 California Street, FL 18</com:street1>
            <com:city>San Francisco</com:city>
            <com:stateOrCountry>CA</com:stateOrCountry>
            <com:zipCode>94104</com:zipCode>
          </address>
        </brokerOrMarketmakerDetails>
        <noOfUnitsSold>70000</noOfUnitsSold>
        <aggregateMarketValue>2315600.00</aggregateMarketValue>
        <noOfUnitsOutstanding>66889483</noOfUnitsOutstanding>
        <approxSaleDate>06/12/2023</approxSaleDate>
        <securitiesExchangeName>NASDAQ</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
        <securitiesClassTitle>Class A</securitiesClassTitle>
        <acquiredDate>10/31/2014</acquiredDate>
        <natureOfAcquisitionTransaction>Private Placement</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>70000</amountOfSecuritiesAcquired>
        <paymentDate>10/31/2014</paymentDate>
        <natureOfPayment>cash</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
      <noticeSignature>
        <noticeDate>06/12/2023</noticeDate>
        <signature>Milton Berlinski</signature>
      </noticeSignature>
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text: 144
  0001731553
  XXXXXXXX
  LIVE
  0001570827
  Victory Capital Holdings, Inc.
  001-38388
  15935 La Cantera Parkway
  San Antionio
  TX
  78256
  216-898-2400
  RCP Opp Fund I GP, L.P.
  Shareholder
  Class A
  Merrill Lynch, Pierce, Fenner & Smith Inc.
  555 California Street, FL 18
  San Francisco
  CA
  94104
  70000
  2315600.00
  66889483
  06/12/2023
  NASDAQ
  Class A
  10/31/2014
  Private Placement
  Issuer
  N
  70000
  10/31/2014
  cash
  Y
  06/12/2023
  Milton Berlinski