New York Firm Extant Capital Launches with $200M Investment
Extant Capital eyes new opportunities with a $200 million infusion from New Holland Capital, marking a significant entry into global credit markets.
In a move that signals a significant new entry into the global credit markets, New York-based Extant Capital is set to begin trading, buoyed by a substantial $200 million cornerstone investment from New Holland Capital. This injection not only provides the trading capital required to support its burgeoning investment strategy but also brings strategic backing and the potential for additional capital as the firm scales its operations.
A Strong Foundation Led by Proven Leadership
Extant Capital, founded by Millennium alum Ryan Foster earlier this year, aims to carve out a unique niche in the credit-focused absolute return fund domain. Foster’s extensive experience at both Torsion Capital and Soros Fund Management equips him with the acumen to helm this promising venture. As the CEO and CIO, Foster emphasizes Extant’s commitment to utilizing his deep expertise in credit markets to deliver strong, risk-adjusted returns.
Strategic Collaboration and Expert Team Building
The investment from New Holland positions Extant as a formidable player amongst emerging hedge fund managers, with New Holland’s support underscoring this new venture’s potential. As Scott Radke, CEO and Co-CIO of New Holland, points out, “Ryan is a highly skilled credit manager with a strong track record… There is a significant opportunity for experienced managers, such as Ryan, within global credit markets.”
Compounding its leadership strength, Extant has recently onboarded Peter Ellingboe as a senior portfolio manager. Ellingboe brings over 15 years of experience across diverse credit market strategies, promising to enrich Extant’s strategic depth and operational capabilities.
Aiming for Distinct and Sustainable Growth
Extant Capital is structured to systematically leverage opportunities across the global credit markets, focusing on protecting investor capital while ensuring sustainable growth. The firm’s approach is disciplined and methodical, aspiring to deliver strong, differentiated returns for its clients.
According to Alternatives Watch, Extant’s entrance into the trading market represents not just the ambitions of a new firm but also the burgeoning opportunities available in the global credit markets today. With seasoned leadership and strategic backing, Extant is well-positioned to make its mark.
Stay tuned for what promises to be an intriguing evolution in the dynamic landscape of credit market investment.
