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        <filer>
          <filerCredentials>
            <cik>0001731553</cik>
            <ccc>XXXXXXXX</ccc>
          </filerCredentials>
        </filer>
        <liveTestFlag>LIVE</liveTestFlag>
  
  
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      <issuerInfo>
        <issuerCik>0001570827</issuerCik>
        <issuerName>Victory Capital Holdings, Inc.</issuerName>
        <secFileNumber>001-38388</secFileNumber>
        <issuerAddress>
          <com:street1>4900 TIEDEMANN ROAD</com:street1>
          <com:street2>4TH FLOOR</com:street2>
          <com:city>BROOKLYN</com:city>
          <com:stateOrCountry>OH</com:stateOrCountry>
          <com:zipCode>44144</com:zipCode>
        </issuerAddress>
        <issuerContactPhone>216-898-2400</issuerContactPhone>
        <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>RCP Opp Fund I GP, L.P.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
        <relationshipsToIssuer>
          <relationshipToIssuer>Director</relationshipToIssuer>
        </relationshipsToIssuer>
      </issuerInfo>
      <securitiesInformation>
        <securitiesClassTitle>Class A</securitiesClassTitle>
        <brokerOrMarketmakerDetails>
          <name>Merrill Lynch</name>
          <address>
            <com:street1>One Bryant Park</com:street1>
            <com:street2>28th Fl</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10036</com:zipCode>
          </address>
        </brokerOrMarketmakerDetails>
        <noOfUnitsSold>30868</noOfUnitsSold>
        <aggregateMarketValue>1023274.00</aggregateMarketValue>
        <noOfUnitsOutstanding>65989429</noOfUnitsOutstanding>
        <approxSaleDate>12/06/2023</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>30868</amountOfSecuritiesAcquired>
        <paymentDate>10/31/2014</paymentDate>
        <natureOfPayment>Cash</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
      <noticeSignature>
        <noticeDate>12/06/2023</noticeDate>
        <signature>Milton Berlinski</signature>
      </noticeSignature>
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text: 144
  0001731553
  XXXXXXXX
  LIVE
  0001570827
  Victory Capital Holdings, Inc.
  001-38388
  4900 TIEDEMANN ROAD
  4TH FLOOR
  BROOKLYN
  OH
  44144
  216-898-2400
  RCP Opp Fund I GP, L.P.
  Director
  Class A
  Merrill Lynch
  One Bryant Park
  28th Fl
  New York
  NY
  10036
  30868
  1023274.00
  65989429
  12/06/2023
  NASDAQ
  Class A
  10/31/2014
  Private Placement
  Issuer
  N
  30868
  10/31/2014
  Cash
  Y
  12/06/2023
  Milton Berlinski