Irina Nica~~Leonard Licht~~Olga Gutman~~Catherine Kidd~~Jonathan Goldstein~~Jacqueline Clinton~~Matthew Lester~~Lori Lesser
January 24, 2026
AGF Management Limited Announces Strategic Investment in New Holland Capital

1 min
AI-made summary
- Simpson Thacher advised New Holland Capital (NHC) in its initial strategic investment agreement with AGF Management Limited (AGF), involving a note convertible into a 24.99% economic interest in NHC by AGF
- The transaction expands AGF Capital Partners’ alternatives business to include absolute return-focused strategies and specialized credit investments, and grants AGF the option to increase its ownership stake in the future
- NHC manages over $5 billion in absolute return strategies for institutional clients.
Simpson Thacher represented New Holland Capital (“NHC”) in connection with its initial strategic investment in the form of a note convertible into a 24.99% economic interest in NHC by AGF Management Limited (“AGF”). The transaction further grows AGF Capital Partners’ (f/k/a AGF Private Capital) alternatives business with the addition of absolute return-focused strategies and specialized credit investments. The arrangement also provides AGF with the option to subsequently increase its ownership stake.~~NHC is an alternative investment manager that manages over $5 billion in absolute return strategies for institutional clients. The firm seeks to generate alpha across a wide set of diversifying strategies, with a preference for niche, capacity constrained opportunities often with emerging portfolio managers.~~Founded in 1957 and headquartered in Toronto, Canada, AGF has investment operations and client servicing teams in North America and Europe. With over $43 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors.~~The Simpson Thacher team for the transaction included Ryan Williams, Irina Nica and Lenny Licht (Fund Transactions); Olga Gutman and Catherine Kidd (Funds); Jonathan Goldstein, Jacqueline Clinton and Matthew Lester (Tax); and Lori Lesser and Rachelle Broida (IP).
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Irina Nica~~Leonard Licht~~Olga Gutman~~Catherine Kidd~~Jonathan Goldstein~~Jacqueline Clinton~~Matthew Lester~~Lori Lesser
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