)
Visual
earnings real time
Virtus Investment Partners (VRTS) investor relations material
Virtus Investment Partners M&A Announcement summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.M&A Announcement summary5 Dec, 2025
Deal rationale and strategic fit
Expands investment capabilities into private markets, particularly asset-based private credit and real estate, addressing demand for uncorrelated income and diversification.
Keystone brings a differentiated asset-centric private credit platform with a strong track record and experienced team.
Leverages Keystone's established presence in the wealth channel and aims to broaden reach to institutional clients and pursue product extensions.
Both firms share a focus on investment excellence, client outcomes, and long-term value creation, with strong cultural and strategic alignment.
Management retains significant equity and long-term incentives, supporting sustainable growth.
Financial terms and conditions
Acquiring a 56% majority stake in Keystone for $200 million, funded with existing balance sheet resources.
Up to $170 million in deferred consideration over two years, including earn-out payments tied to revenue targets.
Keystone management retains 44% ownership, with options to increase ownership to 75% in years three to six.
Transaction expected to be immediately accretive to margins and non-GAAP EPS upon closing in Q1 2026, with anticipated 200 basis point margin expansion and $1.50 EPS contribution (as adjusted) in 2026.
Estimated to generate ~$5 million in annual tax savings from intangible assets.
Synergies and expected cost savings
Not a cost-synergy-driven deal; focus is on growth and expanding distribution rather than expense reduction.
Keystone will benefit from Virtus' distribution, marketing, and client service capabilities, enabling greater capitalization on investment opportunities.
High margin business with significant operating leverage and strong organic growth.
Transaction is immediately accretive to adjusted EPS.
Keystone's collateral focus: specific examples
Scalability of Keystone's smaller ticket strategy?
How did diligence confirm collateral existence?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Virtus Investment Partners earnings date
Q4 20256 Feb, 2026
Next Virtus Investment Partners earnings date
Q4 20256 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Virtus Investment Partners Inc is an asset management firm offering a range of investment strategies across equity, fixed income, multi-asset, and alternative asset classes. The company operates through a multi-manager model, providing investment services to institutions, financial advisors, and individual investors. Its offerings are distributed under various brand names and affiliated managers. The company is headquartered in Hartford, Connecticut, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage