FlowStone Partners announced today the FlowStone Opportunity Fund performance for the quarter ended March 31, 2021. The 1940 & 1933 Act registered...
CHICAGO, June 22, 2021 – FlowStone Partners announced today that FlowStone Opportunity Fund increased Net Asset Value (“NAV”) 7.1% in the first quarter ended March 31, 2021. The 1940 & 1933 Act registered investment vehicle was launched in August 2019 to provide qualified high-net-worth and institutional investors diversified exposure to private equity through an actively managed secondary-focused strategy. NAV appreciation and net inflows from shareholders increased overall assets in the Fund to over $170 million as of April 1, 2021.
“We continue to deliver a differentiated investment product to HNW and smaller institutional investors that have historically been limited to investment vehicles that were developed for larger institutional investors,” said Scott Conners, Managing Director and President of FlowStone Partners. The Fund accepts quarterly Shareholder subscriptions from Qualified Clients and Qualified Purchasers. “FSOF provides immediate access to a seasoned and diversified private equity portfolio in a familiar legal structure with lower investment minimums and 1099 investor tax reporting,” added Conners.
For the one year ended March 31, 2021, FlowStone Opportunity Fund returned 38.9%, net. Since its August 31, 2019, inception, the Fund has returned 46.4%, net, through March 31, 2021. According to recent SEC filings, the Fund is approximately 67% committed/invested with exposure to 30 private equity managers and 253 companies across various industries.
FlowStone Partners provides qualified high net worth and institutional investors with highly diversified exposure to the Private Equity asset class through secondary, primary, and co-investment strategies. The FlowStone senior investment team has over 63 years of combined private equity secondary and primary investment experience. As opposed to traditional closed-end fund-of-funds vehicles, our investment strategies are executed through investment vehicles that strive to meet the unique requirements of high-net-worth investors, family offices and smaller institutional institutions. The FlowStone team has the ability to design and manage co-mingled fund products and, using this same private-equity expertise, the potential to build customized vehicles with bespoke strategies to accommodate the needs of a variety of investor types. Learn more at https://flowstonepartners.com.
IMPORTANT INFORMATION – FLOWSTONE OPPORTUNITY FUND
Past performance does not guarantee future results. As of 3/31/2021 Flowstone Opportunity Fund’s total return since inception was 46.4%. For the one year ended March 31, 2021, the Fund’s net total return was 38.9%.
Returns are presented net of estimated expenses of 9.54% (gross) and 7.16% (net). The net expense ratio reflects a Fee Waiver and/or Expense Reimbursement of 2.83%. If the Fee Waiver and/or Expense Reimbursement had not been in place, returns would have been lower. Performance figures do not reflect the 2% early withdrawal fee that may apply to some unit holders. Expenses are estimated as of the Fund’s prospectus date, effective March 26, 2021.
This material is published as assistance for recipients, but does not constitute investment advice and is not to be relied upon as authoritative nor to be substituted for one’s own judgment. This information is not a recommendation to purchase or sell a security or follow any strategy or allocation. Before making any investment decision, you should seek expert, professional advice and obtain information regarding the legal, fiscal, regulatory and foreign currency requirements for any investment according to the laws of your home country and place of residence.
The information contained herein reflects views as of a particular time, and is subject to change without notice. It is for illustrative purposes only and may not be representative of current or future investments or allocations. Any forward-looking statements are based on assumptions, and actual results may vary from such statements. There is no requirement to update information provided, unless otherwise required by applicable law. While reasonable efforts have been used to obtain information from reliable sources, no representations or warranties are made as to the accuracy, reliability or completeness of third-party information presented. The information contained in this document is unaudited.