Macquarie Asset Management Completes Acquisition of Central Park Group
14 Mars 2022 - 04:00PM
Business Wire
Macquarie Asset Management, the asset management division of
Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the
completion of its acquisition of Central Park Group, LLC, an
independent investment advisory firm that specializes in
institutional-quality alternative investment strategies for
high-net-worth investors.
Central Park Group is a pioneer in providing financial advisors
and their clients access to top private equity, hedge fund, and
real estate talent and strategies in structures specifically
designed to meet the needs of high-net-worth and smaller
institutional investors.
Central Park Group will form the cornerstone of Macquarie’s
efforts to serve US high-net-worth investor demand for alternative
investments. The acquisition highlights Macquarie Asset
Management’s and Central Park Group’s shared mission of empowering
investors and their financial advisors to invest for long-term
success by providing access to a robust platform of alternative
investments by leading sponsors, including Macquarie, backed by an
expansive suite of educational tools.
“We are pleased to welcome the Central Park Group team and their
clients to Macquarie. While alternative investment strategies have
long been a staple of institutional portfolios, they have
historically been hard to access for individual investors,” said
Ben Way, Group Head of Macquarie Asset Management. “Macquarie’s
long-standing heritage of managing alternative assets and serving
the US individual investor marketplace, combined with Central Park
Group’s track record of developing and distributing innovative
alternative investment solutions, will uniquely position Macquarie
to offer institutional-quality alternative investments to a broad
range of investors.”
“Central Park Group’s founders have dedicated their careers to
identifying the most attractive alternative investment themes from
leading investment managers and making them available to
high-net-worth investors,” said Greg Brousseau, Co-CEO, Co-CIO of
Central Park Group. “The entire Central Park Group team is excited
to continue this work at Macquarie Asset Management and expand the
breadth and depth of best of breed offerings for high-net-worth
investors.”
“Central Park Group has decades-long relationships with many of
the world’s leading alternative investment managers,” said Mitchell
Tanzman, Co-CEO, Co-CIO of Central Park Group. “We will continue to
offer investors attractive, timely, and appropriate opportunities
across the spectrum of alternative strategies.”
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager that aims
to deliver positive impact for everyone. Trusted by institutions,
pension funds, governments, and individuals to manage more than
$US545.7 billion1 in assets globally, we provide access to
specialist investment expertise across a range of capabilities
including infrastructure and renewables, real estate, agriculture
and natural assets, asset finance, private credit, equities, fixed
income, and multi-asset solutions.
Macquarie Asset Management is part of Macquarie Group, a
diversified financial group providing clients with asset
management, finance, banking, advisory, and risk and capital
solutions across debt, equity, and commodities. Founded in 1969,
Macquarie Group employs more than 17,000 people in 33 markets and
is listed on the Australian Securities Exchange. For more
information, please visit macquarie.com.
About Central Park Group, LLC
Central Park Group was founded to serve the growing demand for
alternative investments among high-net-worth and smaller
institutional investors. The firm sources private equity, hedge
fund, real estate, and fund-of-funds managers and develops
offerings that are appropriate for a broad range of qualified
investors. Committed to “education before assets®,” Central Park
Group has created a suite of educational tools and resources for
financial advisors and their clients. Central Park Group’s founders
pioneered many of the fund structures now used industrywide to
provide private client access to strategies historically accessible
solely to institutional investors. Over more than 25 years, Central
Park Group’s founders have invested more than $US15 billion in
hedge funds, private equity, real estate, and funds-of-funds on
behalf of investors. As of December 31, 2021, Central Park Group
has more than $US3.5 billion in assets under management.
Other than Macquarie Bank Limited ABN 46 008 583 542
(“Macquarie Bank”), any Macquarie Group entity noted in this
document is not an authorised deposit-taking institution for the
purposes of the Banking Act 1959 (Commonwealth of Australia). The
obligations of these other Macquarie Group entities do not
represent deposits or other liabilities of Macquarie Bank.
Macquarie Bank does not guarantee or otherwise provide assurance in
respect of the obligations of these other Macquarie Group entities.
In addition, if this document relates to an investment, (a) the
investor is subject to investment risk including possible delays in
repayment and loss of income and principal invested and (b) none of
Macquarie Bank or any other Macquarie Group entity guarantees any
particular rate of return on or the performance of the investment,
nor do they guarantee repayment of capital in respect of the
investment.
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Media inquiries
Lee Lubarsky 212 231-2638 lee.lubarsky@macquarie.com
Macquarie (ASX:MQG)
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