AGF Management Announces Strategic Investment in New Holland Capital
AGF Management has recently made a strategic investment in New York-based investment manager, New Holland Capital, as part of its plan to expand its alternatives business. This move further strengthens AGF's position in the Canadian asset management industry.
Investment Details
AGF, headquartered in Toronto, will make an initial investment in the form of a convertible note, which will give them an economic interest of just under 25% in New Holland. Additionally, AGF has the option to increase its ownership stake in the future.
Operational Independence and Leadership
New Holland, with over $5 billion in assets under management, will retain its operational independence. The company will continue to be led by Chief Executive Scott Radke and a group of nine partners.
Strategic Support and Joint Distribution Efforts
AGF will provide strategic support to New Holland through its Head of AGF Capital Partners, Ash Lawrence, and other team members. One of the primary areas of collaboration will be near-term joint global distribution efforts for investment strategies.
AGF's Growth Strategy
This investment comes on the heels of AGF's recent agreements to acquire a majority interest in Kensington Capital Partners, a prominent alternative investment firm in Canada. AGF Management is making bold moves to expand its presence in the alternative investment market.
Robb M. Stewart
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