RiverPark Large Growth Fund Q2 2021 Performance Summary

Summary

• RiverPark seeks to make investments in securities of large capitalization companies, which it defines as those in excess of $5 billion. RiverPark invests in what it believes are exciting growth businesses with significant long term growth potential, but patiently waits for opportunities to purchase these companies at what it believes are attractive prices.
• The Fund had a strong quarter, generating a total return of 13.1% for the period. This brings our first half 2021 return to 15.9% which compares well with the 15.3% total return for the S&P 500 and the 13.0% return for the RLG for the first half of the year.
• For the quarter, our top contributors included alternative asset managers Blackstone and Apollo, as well as internet media and ecommerce companies Snap, Shopify and Alphabet.
• We remain confident that, regardless ofthe overall direction of the markets or the economy, the substantial revenue and profit growththat we project for our portfolio companies in the coming years will continue to drive strongabsolute and relative performance for the Fund.