Found it in the Performance Guide:
ftp://exftpp.symantec.com/pub/support/products/Exchange_Mailbox_Archiving_Unit/312319.pdf
There are no specific limits on the number of items that you can store in one Vault
Store database, but we recommend that a Vault Store does not contain more than
100 million items. This makes it easier to perform database maintenance activities
such as rebuilding indexes and backing up databases. The new storage model allows
vault store databases to be rolled over regularly without loss of sharing.