CHICAGO, March 8, 2023 – FlowStone Partners announced today that FlowStone Opportunity Fund increased in Net Asset Value (“NAV”) by 1.41% in the fourth quarter ended December 31, 2022 and 5.21% in 2022, while the Russell 2000 was 6.23% over the same period and was (20.44%) in 2022. 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 $557.9 million as of January 1, 2023.
“The Fund is managed to provide exposures to different transaction types that can leverage the benefits of private equity secondaries within a registered fund structure. We seek to provide complementary exposures that can produce diversified sources of returns in different environments. Over the past several quarters our shareholders have benefited from this approach as we seek to provide liquidity solutions to institutional investors that are required or induced to sell existing private equity fund interests.” 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.
“The relative outperformance of private equity over public markets is expected to provide a meaningful increase in deal flow and our team looks forward to providing liquidity to sellers of high-quality fund interests. We think there will be opportunities to add high quality exposures at favorable prices.” added Conners.
As of December 31, 2022, the FlowStone Opportunity Fund has returned 86.01% since its August 2019 inception, including 5.21% over the past 1-year ended December 31, 2023. According to recent SEC filings, the Fund is approximately 90.80% committed/invested with exposure to 195 private equity sponsors and over 1450+ 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 75+ 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 12/31/2022 the Flowstone Opportunity Fund’s total return since inception was 86.01%.
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.
Mark Phillip, Managing Director