CHICAGO, September 6, 2022 – FlowStone Partners announced today that FlowStone Opportunity Fund increased in Net Asset Value (“NAV”) by 3.46% in the second quarter ended June 30, 2022 while the Russell 2000 declined 17.20% over the same period amid a broader market sell-off. 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. The change in NAV and net inflows from shareholders increased overall assets in the Fund to over $500 million as of July 1, 2022.
“Our team was busy in the second quarter after limited activity in the first quarter. It was our hypothesis that the rich pricing environment earlier in the year was not reflecting public market volatility or the possibility of sustained weakness. Our patience was rewarded in the second quarter with two completed transactions at what we view as attractive pricing based on our intrinsic valuation framework.” said Scott Conners, Managing Director, and President of FlowStone Partners. The Fund remains open to accept quarterly Shareholder subscriptions from Qualified Clients and Qualified Purchasers.
“Despite the relative outperformance over public markets this year, we view private equity as a long-term investment strategy that should be evaluated over multiple years, not a couple of quarters. We look forward to providing our investors diversified exposure to private equity through the acquisition of seasoned private equity fund interests. Based on our experience, providers of liquidity for less liquid assets often have increased purchasing power during times of increased market uncertainty and volatility.” added Conners.
As of June 30, 2022, the FlowStone Opportunity Fund has returned 82.60%, including 10.05% over the past 1-year, since its August 2019 inception. According to recent SEC filings, the Fund is approximately 78.70% committed/invested with exposure to 186 private equity sponsors and over 1400+ 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 70+ 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 06/30/2022 the Flowstone Opportunity Fund’s total return since inception was 82.60%.
Returns are presented net of expenses of 4.33% (net). Performance figures do not reflect the 2% early repurchase fee that may apply to some unit holders. Expenses are estimated as of the Fund’s prospectus, effective July 29, 2022.
Russell 2000 Index: The Russell 2000 Index is a small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index.
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.