CHICAGO, May 31, 2024 – FlowStone Partners announced today that FlowStone Opportunity Fund increased in Net Asset Value (“NAV”) by 2.47% in the first quarter ended March 31, 2024, while the S&P 500 increased 10.56% over the same period. The 1940 & 1933 Act registered investment vehicle was launched in August 2019 to provide qualified 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 $748 million as of April 1, 2024.
“We appreciate the support of our investors that utilize FSOF to build core exposure to private equity. Our flexible investment structure and secondaries approach seeks to provides private equity-like returns through a diversified portfolio that often results in less return volatility, in both up and down markets, compared to board-based public equity indices which may be driven by a handful of positions. Our investment approach seeks to acquire and manage quality private equity assets, generally at discounts to our assessment of intrinsic value.” said Scott Conners, Managing Director, and President of FlowStone Partners. “This approach has helped FSOF to perform in different market environments since its August 2019 inception. We continue to benefit from a robust secondaries transaction market, particularly at the smaller end, where limited partners are more liquidly constrained.” added Conners.
As of March 31, 2024, the FlowStone Opportunity Fund has returned 97.93% since its August 2019 inception, including 5.54% over the past one-year ended March 31, 2024. According to recent SEC filings, the Fund is nearly 90% committed/invested with exposure to 200+ private equity funds and over 1950+ companies across various industries.
About FlowStone
FlowStone Partners manages private equity investment products that address the unique requirements of smaller institutional and individual investors by combining the core benefits of private equity secondaries with flexible and accessible fund structures. The FlowStone investment team has over 80 years of combined private equity secondary and primary investment experience. 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
The performance data shown represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the past performance quoted. Email flowstoneinvestorrelations@flowstonepartners.com for additional information or visit www.flowstonepartners.com for details related to the Fund’s performance.
Past performance does not guarantee future results. As of 03/31/2024 the Flowstone Opportunity Fund’s total return since inception was 97.93% for Class I Shares.
S&P 500: The S&P 500 Index measures the value of the 500 largest publicly traded corporations by market capitalization listed on the New York Stock Exchange or Nasdaq Composite, and is shown for comparison purposes.
Returns are presented net of expenses. Expense ratios are 4.78% for Class A shares; 4.23% for Class D shares; 3.93% for Class I shares; 3.93% for Class M shares. 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 31, 2023.
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.
