AGF Management (AGF) has made a strategic investment in New Holland Capital (NHC), a New-York based multi-strategy investment manager with more than $5bn in AUM and more than 17 years of experience in absolute return investment strategies.
According to a press statement, the investment in NHC is a significant step in AGF’s strategy to continue growing AGF Capital Partners — the firm’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.
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.
NHC will retain operational independence and the firm’s existing leadership team, led by Scott Radke, Chief Executive Officer, and a group of nine additional Partners, will continue to manage the day-to-day investment and business operations in their current roles.
Massumi + Consoli served as legal counsel to AGF. CBRE/Sera Global served as exclusive financial advisor and Simpson Thacher & Bartlett served as legal counsel to NHC in this transaction.
