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).