AGF Management Ltd. has made an investment in New Holland Capital LLC, a New York-based investment manager with more than $5 billion in assets under management.

The investment in NHC is a significant step in AGF’s strategy to continue growing AGF Capital Partners, AGF’s alternatives business with capabilities across private assets and alternative strategies.

“The addition of New Holland and its expertise in absolute return-focused investments diversifies AGF Capital Partners’ alternatives capabilities and avenues for growth,” says Ash Lawrence, head of AGF Capital Partners.