AGF Management Limited Has Made a Strategic Investment in New Holland Capital

The transaction further grows AGF Capital Partners' alternatives business with the addition of absolute return-focused strategies and specialized credit investments

TORONTO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- AGF Management Limited (“AGF”) today announced that it has made a strategic investment in New Holland Capital, LLC (“NHC”, “New Holland” or the “Firm”), a New-York based multi-strategy investment manager with more than US$5 billion in assets under management and more than 17 years of experience providing institutional investors with absolute return investment strategies across the liquidity spectrum. The investment in NHC is a significant step in AGF’s strategy to continue growing AGF Capital Partners*—AGF’s diversified alternatives business with capabilities across both private assets and alternative strategies.

Under the terms of the arrangement, AGF will make an initial strategic investment in the form of a note convertible into a 24.99% economic interest in NHC. The arrangement also provides AGF with the option to subsequently increase its ownership stake.

“We look forward to partnering with New Holland as we continue to build and grow our alternatives business,” said Ash Lawrence, Head of AGF Capital Partners. “The addition of New Holland and its expertise in absolute return-focused investments diversifies AGF Capital Partners’ alternatives capabilities and avenues for growth.”

NHC’s flagship Tactical Alpha multi-PM investment strategy focuses on identifying alpha-generating opportunities in both fundamental and quantitative strategies in liquid markets. The Firm seeks to balance market diversification and capital preservation through absolute return-focused investments. NHC also manages a Special Opportunities strategy that invests in non-correlated niche credit opportunities, including specialty finance and real assets infrastructure. Additionally, the Firm partners with institutional investors to deliver customized absolute return investment solutions.

“We believe that AGF Capital Partners is the ideal partner to accelerate our long-term growth,” said Scott Radke, New Holland Capital’s Chief Executive Officer. “With the support of their strong platform and broad distribution channels, we can continue to deliver attractive risk-adjusted returns to our clients to help meet their unique portfolio objectives and execute on our strategic business plan. This investment is an exciting and important step forward for our business and clients in the evolution of New Holland.”