Company Press Release

RiverPark Introduces RiverPark Strategic Income Fund

New fund seeks high current income and capital appreciation consistent with conservation of capital; Cohanzick Management, LLC is fund's Sub-Advisor

NEW YORK-- RiverPark Advisors, LLC has launched the RiverPark Strategic Income Fund (RSIVX - Retail; RSIIX - Institutional), an open-end mutual fund that seeks to deliver high current income and capital appreciation consistent with conservation of capital, it was announced today by the firm. The new fund will be managed by Cohanzick Management, which also acts as subadvisor on the RiverPark Short Term High Yield Fund (RPHYX - Retail; RPHIX - Institutional) which recently closed to new investors and has gathered more than $850 million in assets since its launch in 2010. The Cohanzick team will use a similar approach in managing RSIIX, applying their highly disciplined security selection process and focus on risk-management.

Cohanzick utilizes a bottom-up approach in analyzing business models, credit quality and bond covenants and is prepared to hold securities purchased to maturity. The Strategic Income Fund will invest in investment grade and non-investment grade debt, preferred stock, convertible bonds, bank loans, and high yield bonds as well as income-producing equities. It will generally be managed for total return and seek to take advantage of areas that provide, in the adviser's opinion, unique risk/return opportunities. The maturity for the securities held in the fund is expected to average approximately 3-4 years.

"In our view, there are opportunities to invest in situations where the market is not assessing risk appropriately and, therefore, represents an unusually attractive investment opportunity," said David Sherman, the fund's portfolio manager and the founder and chief executive officer at Cohanzik. "We are looking to invest in 'money good' securities - where the enterprise value of the issuing company, using what we believe are conservative valuation metrics, exceeds the value of the senior and pari-passu debt."

As of October 1, 2013 RiverPark had approximately $2.2 billion in assets under management. The RiverPark fund family includes: the RiverPark/ Wedgewood Fund (RWGFX - retail; RWGIX - Institutional); the RiverPark Large Growth Fund (RPXFX-Retail; RPXIX - Institutional); the RiverPark Short Term High Yield Fund (RPHYX-Retail; RPHIX - Institutional); theRiverPark Long/Short Opportunity Fund (RLSFX-Retail; RLSIX - Institutional); the RiverPark/ Gargoyle Hedged Value Fund (RGHVX-Retail; RGHIX - Institutional); and the RiverPark Structural Alpha Fund(RSAFX - Retail; RSAIX - Institutional).

The RiverPark Funds may be purchased directly by application to the Funds. For more information on the funds, please visit www.RiverParkFunds.com, or call Matt Kelly at (212) 484-2103.

About RiverPark Advisors LLC

RiverPark Advisors, LLC is a New York-based investment advisory company and the sponsor of the RiverPark family of mutual funds. More information is available at www.riverparkfunds.com.

To determine if a Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and other information may be found in the Fund's summary or full prospectus, which may be obtained by visiting www.riverparkfunds.comor calling 1-888-564-4517. Please read the prospectus carefully before investing.

Mutual fund investing involves risk including possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. High yield bonds and non-investment grade securities involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. The Fund may invest in securities of companies that are experiencing significant financial or business difficulties, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Although such investments may result in significant returns to the Fund, they involve a substantial degree of risk. There can be no assurance that the Fund will achieve its stated objectives.

The RiverPark mutual funds are distributed by SEI Investments Distribution Co., which is not affiliated with RiverPark Advisors, LLC, Wedgewood Partners, Inc., Cohanzick Management, LLC, Gargoyle Investment Advisors LLC, or their affiliates.