Macquarie Asset Management has acquired an independent investment advisory firm providing private clients with access to institutional hedge funds, private equity, real estate and funds of funds.
He agreed to acquire New York-based Central Park Group for an undisclosed amount.
Central Park Group has more than $ 3.5 billion in assets under management, with an offering targeting high net worth and smaller institutional investors.
“We have long admired Central Park Group’s track record of innovation and success in providing alternative solutions to individual investors,” said Macquarie AM Director Ben Way.
“Given our expertise in alternatives and our significant presence in the middleman channel, the combination of Macquarie and Central Park Group uniquely positions us to meet the needs of individual investors by providing increased access to investments. alternatives as well as an improved customer experience. “
Central Park Group Co-Managing Director and Co-Chief Investment Officer Gregory Brousseau said it was a natural next step for the company.
“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,” he said.
“The asset management industry is changing rapidly and individual investor demand for alternative strategies is central to this radical change,” added Graeme Conway, Chief Commercial Officer of Macquarie AM.
Macquarie’s goal 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 thoughtful structures. “
In other Macquarie AM news, he has reached an agreement to divest One Rail Australia with Aurizon agreeing to acquire One Rail as part of a comprehensive commercial transaction.
Macquarie AM has owned One Rail for five years. It operates critical rail infrastructure, with a presence in New South Wales, South Australia, the Northern Territory and Queensland.