Flexstone Partners’ Global Opportunities IV Offering1 Raises US$790 Million

Small and Mid-Market Co-Investment Fund and parallel investment vehicles have closed and will invest in up to 50 companies

Flexstone Partners has closed another vintage of its small- and middle-market private equity co-investment funds, a significant step for Flexstone flagship investment strategy, despite challenging global markets. A leading asset manager with over US$10 billion assets under management (AUM)², Flexstone Partners specializes in small and mid-market global private assets and is an affiliate of Natixis Investment Managers, which has more than $1.1 trillion AUM³.

“Flexstone has followed a consistent investment philosophy for over 15 years with no strategy drift. This has allowed us to make successful co-investments across various industries with the potential to reap strong and steady returns for our investors”

With a focused investment objective to provide increased exposure to high-conviction managers in their core areas of expertise, Flexstone Partners’ Global Opportunities IV will follow the same proven strategy and investment selection process as its predecessor funds, which are performing on or above expectations with significant risk mitigation. The fund is expected to make between 40 to 50 direct co-investments. The final close was held on March 31, 2023.

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Eric Deram, Managing Partner at Flexstone Partners, said, “Our latest fund’s close demonstrates strong appetite for Flexstone’s unique small and middle-market co-investing strategy, even during times of global economic uncertainty. Since we started our co-investments fund series in 2008, we’re proud to have been able to generate strong and consistent returns for our investors.”

The offering is backed by long-standing Flexstone Partners’ investors, including institutional investors such as insurance companies, pension funds, financial institutions, asset managers, foundations, and corporations, as well as a significant number of family offices and high net worth individuals. Investors in the new fund span the globe from Asia to Europe to the US. More than 40% of the commitments have been raised from over 65 new business relationships.

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“Flexstone has followed a consistent investment philosophy for over 15 years with no strategy drift. This has allowed us to make successful co-investments across various industries with the potential to reap strong and steady returns for our investors,” said Nitin Gupta, Managing Partner at Flexstone Partners.

Flexstone, which targets the small- and mid-market private equity space, has built a legacy of investing in co-investments in the private equity space. Its successful co-investment track-record shows the quality of its deal flow and the strength of its investment selection process. Out of more than 140 co-investments completed since 2008, 60 are fully realized, generating an attractive risk and return performance.