Credit focused asset manager, Extant Capital, has received a $200 million cornerstone investment from New Holland Capital, marking the official launch of the hedge fund.
Ryan Foster
The investment enables the firm to commence trading in August and will provide Extant with sufficient trading capital to execute its investment strategy.
As part of the agreement, New Holland will provide strategic support as Extant looks to expand its operations and will also be able to invest additional capital as the firm grows and develops.
Currently, New Holland manages more than $6.5 billion in absolute return strategies for institutional clients.
Ryan Foster, founder, chief executive and chief information officer of Extant, said: “New Holland has a strong track record of supporting emerging hedge fund managers with distinctive strategies, and we are delighted to have their backing as we scale and work to deliver strong, differentiated returns for our clients.”
Foster founded Extant in 2025, with the aim of providing the industry with strong, risk-adjusted returns, and driving innovation in the credit space.
He brings extensive industry experience to the firm, with more than 17 years of credit-based portfolio management and strategic investment expertise, and most recently worked as a senior portfolio manager at Torsion Capital, a credit-focused absolute return fund within investment firm, Millennium.
“Ryan is a highly skilled credit manager with a strong track record in constructing credit-focused absolute return strategies that provide unique exposure to dislocations within the market,” said Scott Radke, chief executive and co-chief information officer of New Holland.
“There is a significant opportunity for experienced managers, such as Ryan, within global credit markets, and we’re pleased to support Extant as they expand their offering.”