Extant Capital Secures Major Investment and Launches Trading Operations
Extant Capital, the new alternative asset manager specializing in credit markets, has made headlines with its successful acquisition of a cornerstone investment amounting to $200 million from New Holland Capital. This substantial financial backing positions Extant for a robust start as it embarks on its trading journey, which is set to begin this month.
Founded in 2025 by Ryan Foster, who assumes the critical roles of CEO and CIO, Extant is primarily focused on absolute return strategies in credit markets. With this investment from New Holland Capital, a noted investment management firm, Extant will gain not only trading capital but also strategic support as it scales its operations. Notably, the agreement includes a provision that allows New Holland to invest additional capital as Extant grows, showcasing a commitment to long-term partnership.
Foster expressed enthusiasm about the launch, stating, “We are excited to officially launch Extant and begin investing in compelling opportunities across the global credit markets. 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.”
Prior to founding Extant, Ryan Foster brought with him over 17 years of experience in managing credit portfolios, having notably served as a Senior Portfolio Manager at Torsion Capital LLC. His career trajectory includes significant stints at Millennium and Soros Fund Management, where he developed a wealth of expertise in credit strategies across various market conditions. Ryan holds a degree in Business Management from Boston College’s Wallace E. Carroll School of Management, underscoring his solid academic foundation in business.
In line with its ambitious growth strategy, Extant has also bolstered its team by appointing Peter Ellingboe as Senior Portfolio Manager. Ellingboe, known for his extensive experience—spanning over 15 years in credit markets—previously worked at Walleye Capital and Verition. His varied background in different credit strategies will add a significant advantage to the firm as it navigates the complexities of the investment landscape.
Scott Radke, CEO and Co-CIO of New Holland, spoke highly of Ryan Foster’s capabilities, emphasizing his track record in constructing effective credit-focused strategies. Radke noted, “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.” This supportive relationship is crucial for Extant as it implements its investment strategies aimed at delivering strong returns while actively managing associated risks.
As an alternative investment manager based in New York, Extant Capital is dedicated to employing a disciplined, methodical approach toward investment. Its vision is to navigate the credit market by focusing on opportunities that deliver robust risk-adjusted returns for its institutional clientele. With the infusion of significant capital and a strategic alliance with New Holland, Extant is poised for success in an increasingly competitive landscape.
About Extant Capital
Founded by Ryan Foster in 2025, Extant Capital is an alternative investment manager located in New York, dedicated to managing credit-focused absolute return strategies. The firm aims to provide significant returns to institutional clients through its expert management and strategic investment tactics.
About New Holland Capital
With assets under management exceeding $6.5 billion, New Holland Capital specializes in absolute return strategies for institutional investors. The firm seeks to generate alpha through a diverse set of strategies, prioritizing innovative opportunities and emerging managers in the investment space. To learn more about New Holland Capital, visit their website at
newhollandcapital.com.