Key Takeaways
- • New Holland Capital, a multi-strategy investment manager overseeing more than $8.3bn, has acquired a majority stake in Foundation Credit, according to Opalesque.
- • Foundation Credit specializes in US municipal credit and infrastructure debt and is led by Hector Negroni.
- • The partnership includes capital commitments to Foundation's strategies and plans to expand product offerings, per the primary source's publisher summary.
- • The deal adds a municipal and infrastructure credit franchise to New Holland's multi-strategy platform.
Summary
New Holland Capital, a multi-strategy investment manager with more than $8.3bn in assets under management, has acquired a majority stake in Foundation Credit, a US municipal credit and infrastructure debt manager, according to Opalesque. Alternative Credit Investor and AlternativesWatch reported the same transaction, identifying Foundation Credit's leader as Hector Negroni.
The partnership includes capital commitments to Foundation's strategies. The publisher summary indicates that the arrangement also plans to expand product offerings, though the available source material does not detail the specific new products, target fund sizes, or the transaction value.
The transaction brings a specialized municipal and infrastructure credit business under New Holland's multi-strategy umbrella, giving allocators exposure to public-sector and infrastructure debt strategies through an established credit manager.
The partnership includes capital commitments to Foundation's strategies. The publisher summary indicates that the arrangement also plans to expand product offerings, though the available source material does not detail the specific new products, target fund sizes, or the transaction value.
The transaction brings a specialized municipal and infrastructure credit business under New Holland's multi-strategy umbrella, giving allocators exposure to public-sector and infrastructure debt strategies through an established credit manager.
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