FlowStone Opportunity Fund Returns 0.45% in Q3

FlowStone Partners seeks to provide immediate and continuous exposure to private equity opportunities through a flexible investment structure that is offered on a quarterly basis to investors.

CHICAGO, December 7, 2022 – FlowStone Partners announced today that FlowStone Opportunity Fund increased in Net Asset Value (“NAV”) by 0.45% in the third quarter ended September 30, 2022, while the Russell 2000 declined 2.19% over the same period as broader public markets continue to show weakness. 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 $517.8 million as of October 1, 2022.

 

“We have been seeking to take advantage of opportunities to provide liquidity driven solutions to investors in the current market environment. Over the past two quarters the Fund has acquired approximately $200 million of private equity fund interests through six (6) secondary transactions. These acquisitions provide exposure to what we believe to be high quality assets at discounted prices based on our team’s underwriting.” said Scott Conners, Managing Director, and President of FlowStone Partners. The Fund is open to accept quarterly Shareholder subscriptions from Qualified Clients and Qualified Purchasers.

 

“The relative outperformance of private equity over public markets has provided a steady supply of deal flow and our team remains highly discriminate in the type of fund interests we acquire. We think an elevated level of secondary supply could persist for the next several quarters as investors with inflexible allocation targets are forced to reduced private equity exposures or need to generate liquidity to fund capital calls. We look forward to adding exposures that can benefit the Fund as a provider of liquidity at a time when the price of liquidity has increased.” added Conners.

 

As of September 30, 2022, the FlowStone Opportunity Fund has returned 83.43% since its August 2019 inception, including 5.10% over the past 1-year ended September 30, 2022. According to recent SEC filings, the Fund is approximately 84.90% committed/invested with exposure to 194 private equity sponsors and over 1450+ companies across various industries.

 

About FlowStone

 

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 09/30/2022 the Flowstone Opportunity Fund’s total return since inception was 83.43%.

 

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. It is not possible to invest directly in an index.

 

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.

 

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.

 

 

 

 

Investor Relations
Mark Phillip, Managing Director
mphillip@flowstonepartners.com
312-429-2489

 

 

 

 

Media Contact
Michael Walsh
Michael@MichaelWalshCommunications.com
612-718-8952