Virtus Investment Partners (VRTS) Investor presentation summary

Firm overview and strategy

• Operates as an independent, publicly traded asset manager with a market cap of $1.1 billion and $159.5 billion in AUM as of December 31, 2025.

• Utilizes a multi-boutique model, partnering with autonomous investment managers and select subadvisers, offering a broad range of investment strategies and product forms.

• Maintains strong retail and institutional distribution, with shared operations and business support services.

• Focuses on delivering high-quality investment strategies, raising and retaining assets, and prudent capital management to build long-term shareholder value.

• Recognized for solid investment performance, with 84% of mutual fund AUM rated 3, 4, or 5 stars by Morningstar and 64% of total AUM beating 10-year benchmarks.

Products, performance, and distribution

• Offers diversified capabilities across equity, fixed income, alternatives, and multi-asset classes, with products including mutual funds, ETFs, closed-end funds, separate accounts, and structured products.

• Total AUM of $159.5 billion is distributed across multiple managers and product types, with Kayne Anderson Rudnick, SGA, and Newfleet among the largest contributors.

• 64% of total AUM outperformed benchmarks over 10 years, with strong fixed income and alternatives performance.

• Distribution is multi-channel, serving institutional, retail, and wealth management clients through centralized teams and broad intermediary relationships.

• Retail AUM stands at $101.2 billion, institutional AUM at $58.3 billion, with significant presence in retail separate accounts and intermediary channels.

Growth opportunities and inorganic activities

• Growth strategy includes leveraging current strategies into new product structures, expanding distribution in RIA, retirement, and offshore markets, and acquiring new managers.

• Recent acquisitions include majority interest in Keystone National Group (2026), minority interest in Crescent Cove Advisors (2025), and AlphaSimplex (2023), expanding capabilities in private credit, alternatives, and emerging markets.

• History of transformative acquisitions, such as RidgeWorth Investments and Sustainable Growth Advisers, enhancing scale and diversifying offerings.