Macquarie Asset Management, the asset management division of Macquarie Group, has completed its acquisition of Central Park Group, an independent investment advisory firm that specialises 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.