CHICAGO, November 29, 2024 – FlowStone Partners announced today that FlowStone Opportunity Fund increased in Net Asset Value (“NAV”) by 1.83% in the third quarter ended September 30, 2024, while the Russell 2000 and MSCI World increased 9.27% and 6.36%, respectively 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 asset flows from shareholders brought overall Fund assets to over $731 million as of October 1, 2024.
“We believe the market has entered the later stages of the recovery cycle, which has historically been beneficial for holders of diversified, mature private equity portfolios due to an expected rebound in exit activity. Over the past several quarters, our team has built diversified exposure to recent vintage buyout fund interests that were sourced from liquidity constrained sellers. We believe an environment with continued rate cuts, historically tight credit spreads, increased liquidity from private credit, significant PE dry powder and a more accommodative regulatory environment should lead to an increase in portfolio activity that will unlock embedded value in FSOF.” said Scott Conners, Managing Director, and President of FlowStone Partners. “Our team remains focused on deployment and monetization in what looks to potentially be a goldilocks environment for secondaries based on our experience.” added Conners.
As of September 30, 2024, the FlowStone Opportunity Fund has returned 102.36% since its August 2019 inception, including 6.27% over the past one-year ended September 30, 2024. According to recent SEC filings, the Fund is nearly 92% committed/invested with exposure to 200+ private equity funds and over 1900+ 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 [email protected] 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 09/30/2024 the Flowstone Opportunity Fund’s total return since inception was 102.36% for Class I Shares.
Russell 2000: The Russell 2000® Index is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of market cap and current index membership.
Returns are presented net of expenses. Expense ratios are 4.86% for Class A shares; 4.31% for Class D shares; 4.01% for Class I shares; 4.01% 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, 2024.
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.
