Victory, which manages $137bn, is investing an undisclosed amount in Alderwood for a 15% stake in the company

Alderwood Capital, the new venture from fund-management dealmaker Jon Little, has won a new financial backer in the form of Texas-based asset manager Victory Capital — offering a boost to the firm as it seeks regulatory authorisation.

, is investing an undisclosed amount in Alderwood for a 15% stake in the company, and will also participate in its upcoming fund, the companies said in a statement on 21 September.

Funds dealmaker Jon Little wins backer for new venture Alderwood

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