Hilton Capital Makes Strategic Minority Investment in New Century Advisors
This strategic partnership reflects complementary investment expertise in fixed income, inflation-sensitive and
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Hilton Capital Management (“Hilton Capital”), an operating company of Rafferty Holdings, announced today it has acquired a strategic minority, non-controlling stake in New Century Advisors (“NCA”). As of August 31, 2026, Hilton Capital reported approximately $3.6 billion in assets under management and NCA reported approximately $4.1 billion in assets under management. Together, the firms manage approximately $7.7 billion in assets across fixed income, equity and alternative investment strategies. Hilton Capital and NCA remain separate investment advisers, and each firm retains responsibility for its respective investment advisory activities and client accounts.
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“Through this investment, we are excited to back NCA’s disciplined, active investment approach with the broader distribution, operational support and business resources that Hilton Capital can provide,” said Jeffrey Seeley, Chief Executive Officer of Hilton Capital. “NCA’s extensive investment expertise brings long-standing institutional fixed income, inflation-sensitive and small-cap equity capabilities that complement our current Hilton Capital investment solutions.”
Following the transaction, NCA will remain majority woman-owned and employee-owned, operating under its existing leadership and retaining responsibility for its investment and management activities. The NCA team has been managing client portfolios with the same philosophy and process since its founding in 2002.
“This partnership allows us to build on NCA’s established investment approach while gaining access to additional resources that can support our long-term development. Our investment team will continue to make decisions, guided by our investment philosophy, disciplined portfolio construction and commitment to the institutions and families we serve,” said Ellen Safir, Chief Executive Officer and Co-Chief Investment Officer of NCA.
NCA is led by its Founder and Co-CIO Ellen Safir, Co-CIO Nils Overdahl, and a seasoned investment team that includes Chief Economist Claudia Sahm, Senior Portfolio Manager Eric Patlovich, and Chief Compliance Officer Thomas Hines.
“We are excited about this strategic partnership and the opportunities it creates to support Hilton Capital’s long-term growth,” said Michael Rafferty, Chief Executive Officer of Rafferty Holdings. “Collaborating with NCA advances our plans to build out Hilton Capital’s asset management platform and brings together complementary investment expertise and a shared commitment to serving our respective clients.”
About Hilton Capital
Founded in 2001, Hilton Capital is a privately held investment management platform with $3.6 billion in AUM as of August 31, 2026. The firm offers risk managed income and growth strategies informed by macro insights, disciplined security selection, and managed by our independent investment teams. Hilton Capital is an operating company of Rafferty Holdings, and based in Garden City, New York. For more information, visit https://www.hiltoncapitalmanagement.com/ or connect with us on LinkedIn at https://www.linkedin.com/company/hilton-capital-management-llc/
About New Century Advisors, LLC
Founded in 2002 and based in Chevy Chase, Maryland, New Century Advisors, LLC is an institutional investment manager with approximately $4.1 billion in AUM as of August 31, 2026, specializing in traditional fixed income, inflation-sensitive, and small cap equity strategies delivered through separately managed accounts. For more information, visit https://newcenturyadvisors.com/.
About Rafferty Holdings
Rafferty Holdings is a diversified holding company with a significant presence in asset management and fintech. The firm is committed to identifying and capitalizing on high-value opportunities across various industries. Under the Rafferty Holdings umbrella are operating companies Direxion Investments ($55 billion AUM as of August 31, 2026) and Hilton Capital ($3.6 billion AUM as of August 31, 2026) and investments arms Raff Ventures and Rafferty Real Estate. For more information, visit https://www.raffertyholdings.com/.
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