TORONTO, May 26, 2026 (GLOBE NEWSWIRE) -- AGF Management Limited ("AGF") (TSX:AGF) is pleased to announce that it intends to make a subsequent investment in New Holland Capital, LLC ("NHC"), an alternative manager and part of AGF Capital Partners, AGF's multi-boutique alternatives business. AGF will exercise certain option rights it holds under its current agreements that will result in a 50% economic ownership of NHC, effective May 29, 2026.

New Holland Capital is a New York based multi-strategy investment manager with more than $7.8 billion USD in assets under management and 20 years of experience providing institutional investors access to unique investment strategies across the liquidity spectrum with a focus on multi-strategy hedge funds and private credit.

"NHC has demonstrated it is an industry-leading investment manager and an integral part of the AGF Capital Partners business," said Ash Lawrence, Head of AGF Capital Partners. "Our decision to make a subsequent investment reflects the strong foundation built between our two firms and our outlook for NHC's continued long-term growth which will have a meaningful impact on diversifying AGF's assets and client base."

As part of the transaction, AGF will convert its existing convertible note to equity and make an additional investment of $20 million USD in NHC, resulting in a 50% economic ownership interest in the company effective May 29, 2026. AGF will continue to have options to subsequently increase its ownership in the future.

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