Central Park Advisers, LLC (“CPA”), a wholly owned subsidiary of Central Park Group, LLC (“CPG”), was
founded in 2006. On March 11, 2022, the equity interests in CPG were acquired by Macquarie
Management Holdings, Inc. (“Macquarie”). CPA continues to operate as a wholly-owned subsidiary of
Macquarie.
CPA is an investment advisory firm specializing in the development of alternative investment
strategies. CPA primarily provides investment management services as discretionary manager to
pooled investment vehicles (“Funds”) and not individually to Fund investors. CPA has historically acted
as adviser to Funds which invest substantially all of their assets in a specified underlying fund (an
“Access Funds”) or multiple underlying funds (a “Fund of Funds”). CPA also has acted as adviser to a
Fund that is actively managed by an unaffiliated third-party sub- adviser (the “Sub-Advised Fund”) and
may enter into similar arrangements in the future with other third parties or affiliated entities. Certain
of the Funds are “Registered Funds”, i.e., Funds that are registered as closed-end management
investment companies under the Investment Company Act of 1940, as amended (the “1940 Act”). CPA
currently does not serve, and does not expect to serve, as investment adviser to any mutual fund. The
information below is correct as of December 31, 2023, but is subject to change.
AccessFundsandFundofFunds.CPA provides investment advisory services to “Access Funds”
and “Fund of Funds”, which are funds that invest substantially all of their assets in an underlying fund
or funds that are managed by another party. The general partner, managing member or adviser to the
underlying fund may be affiliated with CPA, as described in the applicable fund’s offering documents.
The underlying funds may include hedge funds, private equity funds, private credit funds, real estate
funds, fund of funds, infrastructure funds, energy funds or other similar investment funds with other
strategies. The individual needs of the investors in the Access Fund or Fund of Funds are not the basis
of investment decisions by CPA. Investment advice is provided directly to the Access Fund or Fund of
Funds and not individually to Fund investors.
RegisteredFundsandFundofFunds.CPA may serve as the investment advisor of one or more
registered funds (“Registered Funds”) and fund of funds (“Registered Fund of Funds”). CPA is
responsible for the investment and reinvestment of the assets of the Registered Funds and Registered
Fund of Funds in accordance with
the investment policies and restrictions of the applicable
Registered Fund or Registered Fund of Fund, subject to the supervision of the Registered Fund’s or
Registered Fund of Fund’s Board of Directors. In the case of the Sub-Advised Fund, CPA has delegated
the investment management of such Registered Fund to a third-party sub-adviser. CPA may have
similarly structured sub-advised funds in the future with unaffiliated or related sub- advisers. The
individual needs of the investors in the Registered Funds and Registered Fund of Funds are not the
basis of investment decisions by CPA. Investment advice is provided directly to the Registered Fund
or Registered Fund of Fund, as the case may be, and not individually to the Fund’s investors.
OtherClients.CPA may provide similar investment advice to other private investment funds,
registered funds, or separately managed accounts in the future with various strategies (such persons,
together with the Funds, being referred to as “Clients”). In addition, CPA may provide non-
discretionary investment advice to individuals and small institutions in connection with investing in
alternative investments. In the event such advice involves investing in a Fund where CPA is an adviser,
CPA would generally not receive any separate or additional compensation for such advice.
Investment.CPA may invest, either directly or indirectly, in a select group of alternative
investment funds that invest in a wide range of instruments, including, but not limited to, publicly
traded and private domestic and foreign equities and equity-related instruments, options, futures, real
estate, foreign exchange, forward contracts, loans, commodities, fixed income and other debt
instruments and utilize both over-the-counter and exchange traded instruments (including derivative
instruments), trade on margin and engage in short sales.
InvestmentProgram.CPA provides discretionary investment advice consistent with the
investment objectives, policies, restrictions and investment program described in the offering
documents for a Fund and does not tailor such advice to Fund investors. CPA may provide non-
discretionary advice to certain Clients regarding the decision to invest in a particular Fund but would
not be separately compensated.
WrapFeePrograms.CPA does not participate in any wrap fee programs.
AssetsUnderManagement. As of 12/31/2023, CPA had $4,407,795,692 discretionary assets under
management and $0 non-discretionary assets under management.