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Central Park Group, partners with Select Equity Group to offer institutional long/short international equity strategy

Thursday, November 19, 2020
Opalesque Industry Update - Central Park Group, LLC, an independent investment advisory firm delivering private clients access to institutional hedge fund, private equity, real estate and fund-of-funds talent, announces the launch of CPG Cooper Square International Equity, an international (ex-US) long/short equity fund created for qualified individuals and smaller institutional investors.

Select Equity Group, L.P., a premier manager of long/short and long-only equity portfolios, serves as Sub-Adviser to CPG Cooper Square International Equity.

Founded in 1990 and managing over $30 billion, Select Equity Group established its first dedicated international strategy, Cooper Square, in 2011. Select Equity Group's fiercely independent research process and narrow focus on a relatively small subset of businesses has consistently delivered highly differentiated portfolios. The Firm's Investment Team of more than 60 professionals includes a 16-person Qualitative Field Research Team comprised of former journalists, sourcing specialists, a Data and Analytics Team as well as a dedicated Short Team. CPG Cooper Square International Equity benefits from Select Equity Group's vast in-house research capabilities, geographically agnostic approach and active exposure management.

CPG Cooper Square International Equity offers a research-based approach to international investing that seeks maximum total return. It looks to invest in stable, high growth potential businesses domiciled outside of the US at significant discounts to intrinsic value. CPG Cooper Square International Equity seeks to invest in companies with predictable growth, high profitability and strong competitive moats on the long side and to short companies that exhibit inverse characteristics and deteriorating fundamentals.

Central Park Group, founded in 2006, serves the increasing demand for alternative investments among high-net-worth and smaller institutional investors. Central Park Group sources hedge fund, private equity, real estate and fund-of-funds managers and has developed a platform of offerings supported by research, due diligence and client service that provides financial advisors and private clients access to institutional quality alternative investment strategies.

"So few options exist for high net worth investors seeking to allocate to international long/short equity," said Greg Brousseau, Co-CEO and Co-CIO of Central Park Group. "Since its founding, Central Park Group has had a singular mission of delivering access to innovative and opportunistic strategies by premier managers. CPG Cooper Square International Equity, an international long/short fund in a publicly offered registered structure, exemplifies Central Park Group's focus on making institutional quality alternative investments more broadly available to qualified clients."

"Central Park Group is constantly on the lookout for managers who have a demonstrated investment edge," said Mitchell Tanzman, Co-CEO and Co-CIO of Central Park Group. "With its team of former investigative journalists, deep research capabilities and nearly 10-year track record of attractive returns, we believe that Select Equity Group is the right sub-advisor to execute this strategy."

Central Park Group is a proven innovator in the development of unique alternative investment offerings designed specifically for private clients. Central Park Group's founders pioneered many of the groundbreaking fund structures now used industrywide to provide individual investors access to strategies historically utilized solely by institutional investors. Over more than 25 years, Central Park Group founders have invested more than $14 billion in hedge funds, private equity, real estate and funds-of-funds on behalf of investors.

CPG Cooper Square International Equity is registered under the Investment Company Act of 1940 as a non-diversified, closed-end management investment company and permits qualified clients, individuals with at least a $2.1 million net worth, and smaller institutions to invest in one of Select Equity Group's flagship hedge fund strategies. The Fund features 1099 tax reporting, a substantially reduced minimum investment of $50,000, quarterly liquidity and it may be held in IRA and ERISA accounts. CPG Cooper Square International Equity may serve as an investor's primary international allocation or as a complement to existing hedge fund and long-only allocations.

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