AGF Management Makes Strategic Investment in New Holland Capital to Expand Alternatives Business
AGF Management, a leading Canadian asset management firm, has announced a strategic investment in New Holland Capital, an investment manager based in New York. This move is part of AGF’s strategy to further grow its alternatives business.
AGF will initially invest in the form of a note that can be converted into a slightly less than 25% economic interest in New Holland. AGF also has the option to increase its ownership stake in the future.
New Holland Capital, with over $5 billion in assets under management, will maintain its operational independence and continue to be led by Chief Executive Scott Radke and a group of nine partners. AGF will provide strategic support through Ash Lawrence, head of AGF Capital Partners, and other colleagues, who will assist in facilitating joint global distribution efforts for investment strategies.
This investment follows AGF’s previous agreements in January to acquire a majority interest in Kensington Capital Partners, a leading alternative investment firm in Canada.
AGF Management’s decision to invest in New Holland Capital demonstrates its commitment to expanding its alternatives business. By partnering with New Holland, AGF aims to leverage its expertise and resources to drive growth and provide additional opportunities for both firms.
Analyst comment
Positive news. AGF Management’s strategic investment in New Holland Capital will aid in expanding its alternatives business. AGF will have an initial investment of less than 25% in New Holland and the option to increase its stake in the future. This investment follows AGF’s previous agreements to acquire other alternative investment firms. Market outlook: AGF’s expansion in alternatives will drive growth and provide more opportunities for both firms.
