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Flexstone Partners raises $790m for co-investment fund

Flexstone Partners has closed another vintage of its small- and middle-market private equity co-investment funds – Flexstone Partners’ Global Opportunities IV – with $790 million in capital commitments, despite “challenging global markets”.

An affiliate of Natixis Investment Managers with over $10 billion assets under management (AUM), Flexstone Partners specialises in small and mid-market global private assets. According to Flexstone, 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 fund 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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