Central Park Group will form the cornerstone of Macquarie’s efforts to serve US high-net-worth investor demand for alternative investments
Macquarie Asset Management acquires Central Park. (Credit: aymane jdidi from Pixabay)
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.”
Source: Company Press Release