Macquarie Asset Management acquires alternative investment firm Central Park Group, further strengthening its commitment to providing alternative investment solutions to high net worth investors
NEW YORK–(COMMERCIAL THREAD) – Macquarie Asset Management (MAM), the asset management division of Macquarie Group (ASX: MQG), today announced that it has agreed to acquire Central Park Group (CPG), an access investment advisory firm institutional hedge funds, private equity, real estate and funds of funds. The deal underscores MAM’s commitment to providing individual investors with a diverse platform of institutional-grade alternative investments managed by Macquarie and other leading sponsors.
With more than $ 3.5 billion in assets under management, Central Park Group is a pioneer in providing financial advisors and their clients access to the best alternative investment talent in structures specially designed to meet the needs of investors. wealthy and smaller institutions. .
“We have long admired Central Park Group’s track record of innovation and success in providing alternative solutions to individual investors. Given our expertise in alternatives and our significant presence in the intermediary channel, the combination of Macquarie and Central Park Group uniquely positions us to meet the needs of individual investors by providing increased access to alternative investments as well as improved customer experience, ”said Ben Way, Head of Macquarie Asset Management.
The acquisition highlights Macquarie’s approach to serving customers and becoming a leader in the US high net worth alternatives industry. To support this effort, Macquarie continues to develop its suite of cohesive value-added services, robust educational tools, study programs and broad platform of alternative investment offerings based on its in-depth experience and expertise. long standing in the sector and asset classes.
“The asset management industry is changing rapidly and individual investor demand for alternative strategies is playing a central role in this radical change. Macquarie’s objective with the acquisition of Central Park Group is to enable clients and their financial advisors to invest for long-term success through access to alternative institutional-grade investment opportunities in structures thoughtful, ”added Graeme Conway, Commercial Director of Macquarie Asset Management.
“Joining forces with Macquarie is the next natural step in the evolution of Central Park Group,” said Gregory Brousseau, Co-CEO and Co-Chief Investment Officer of Central Park Group. “We will continue to offer the best alternative investments and clients will benefit from the additional resources, depth and scale of a large global financial institution. ”
“Macquarie is committed to democratizing alternative investments,” said Mitchell Tanzman, Co-CEO and Co-Chief Investment Officer of Central Park Group. “As a member of Macquarie, we will be able to continue our mission of removing many structural barriers to private clients investing in the best alternatives, on a significantly larger scale. With a shared vision and a similar entrepreneurial spirit, we believe Macquarie is a perfect fit for Central Park Group. ”
The transaction is expected to close in early 2022. Financial terms of the transaction were not disclosed.
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager focused on delivering positive impact for everyone. Trusted by institutions, pension funds, governments and individuals to manage more than $ 520 billion in assets globally, we provide access to specialized investment expertise in a range of capabilities, including fixed income, equities, multi-asset solutions, private credit, infrastructure, renewable energy, natural assets, real estate and transportation finance.
Macquarie Asset Management is part of Macquarie Group, a diversified financial group that provides clients with asset management, financing, banking, advisory, risk and capital solutions in the areas of debt, equities and raw material. Founded in 1969, Macquarie Group employs approximately 16,400 people in 31 markets and is listed on the Australian Securities Exchange.
About Central Park Group, LLC
Central Park Group was founded to meet the growing demand for alternative investments among high net worth and smaller institutional investors. The Company seeks private equity, hedge fund, real estate and fund of funds managers and develops offers tailored to a wide 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. The founders of Central Park Group pioneered many fund structures today used across the industry, providing private clients with access to strategies historically accessible only to institutional investors. For more than 25 years, the founders of Central Park Group have invested more than US $ 15 billion in hedge funds, private equity, real estate and funds of funds on behalf of investors.
All Macquarie figures as of June 30, 2021. All Central Park Group figures as of September 1, 2021.
Macquarie Asset Management (MAM) offers a diverse range of products, including management of securities investments, infrastructure and real asset management, as well as structured products based on funds and equities. Macquarie Investment Management (MIM) is the trade name of certain companies that make up the asset management division of the Macquarie Group. These include the following investment advisers: Macquarie Investment Management Business Trust (MIMBT), Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Investment Management Global Limited, Macquarie Investment Management Europe Limited and Macquarie Investment Management Europe HER
With the exception of Macquarie Bank Limited (MBL), none of the entities mentioned is an authorized deposit institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL. MBL does not guarantee or provide any assurance regarding the obligations of these entities, unless otherwise stated.