Flexstone Partners (Flexstone), an affiliate of Natixis Investment Managers dedicated to Private Equity, has been awarded a USD100million private equity mandate from Hostplus. The new mandate will see the superannuation fund invest in Flexstone’s new Global Opportunities IV strategy.
The mandate will give Hostplus direct exposure to 40+ co-investments, in mid-market US and European private companies.
Eric Deram, Managing Partner at Flexstone, said: “This mandate will allow Hostplus members to benefit from the crucial buffer that private equity investors enjoy but isn’t always available to other investors. This is especially important during COVID-19, with the goal for Hostplus members to ride out an extended period of global market dislocations.”
Louise Watson, Managing Director and Head of Distribution, Australia & New Zealand, for Natixis Investment Managers, said: “Hostplus’ decision to award its private equity mandate to Flexstone shows the Fund’s genuine and ongoing interest in private markets to meet the investment and retirement income needs of its members. We’re very happy to partner with Hostplus in this new investment, and to facilitate a great working relationship between Hostplus and our affiliate managers.”
The deal marks the continuation of the relationship between Flexstone and Hostplus, which was established in 2014 via a mandate with Caspian, which later merged with Natixis Investment Managers’ private equity affiliates, Europe PE and Eagle Asia to form Flexstone in 2019. In 2018, Hostplus also invested in Flexstone’s US private equity emerging managers program.
Nitin Gupta, Managing Partner at Flexstone, said: “We are excited to continue to work with the Hostplus team in order to provide them access and returns across private markets in US and in Europe.”
Sam Sicilia, Hostplus’ CIO, said: “We’re very pleased to award Flexstone this important mandate. They are an outstanding manager and our investment in private equity has provided some of the most attractive risk-adjusted opportunities this year. This investment will play an important role in contributing to our quest to identify and secure appropriately diverse sources of return.”
For Further reading:
With its origins in the Hospitality & Tourism Industries, Hostplus continues to evolve as the lifetime fund of choice for all Australians, delivering retirement income security to its members. Established over 30 years ago, Hostplus is today a top 200 global pension fund and one of the largest super funds in Australia, with 1.3 million members, 218,000 actively contributing employers and US $36.5 billion ($A50 billion) in funds under management. Further information: www.hostplus.com.au
About Flexstone Partners (“Flexstone”)
Flexstone is a leading investment solutions provider in private assets with a global reach and local footprints in New York, Paris, Geneva, and Singapore. It specializes in the selection of private equity, private debt, real estate, and infrastructure fund managers for investment by Flexstone’s clients.
Flexstone manages primary and secondary investments as well as co-investments. Flexstone’s expertise is distinguished by a high flexibility in building customized portfolios that are tailored to the unique needs and constraints of each investor whether institutional or private individual. Flexstone offers a large range of services, from advising on private assets portfolio construction to the management of fully discretionary separate accounts and funds of funds.
Flexstone, with more than 40 professionals, manages or advises $8.1 billion*. It is a majority owned subsidiary of Natixis Investment Managers, one of the largest investment managers worldwide.
Further information: www.flexstonepartners.com
* Source: Flexstone Partners at 08/31/2020. Assets under management and advisory made up of commitments for closed-end private placement funds, and sum of Net Asset Value and unfunded commitments otherwise.
An affiliate of Natixis Investment Managers
Flexstone Partners, SAS – Paris
Investment management company regulated by the Autorité des Marchés Financiers. It is a simplified stock corporation under French law with a share capital of 1,000,000 euros Under n° GP-07000028 –Trade register n°494 738 750 (RCS Paris)
5/7, rue Monttessuy,
Flexstone Partners, SàRL – Geneva
Independent (unregulated) asset manager, under Swiss Federal Act on Collective Investment Schemes (“CISA”), supervised by Commission de haute surveillance de la prévoyance professionnelle (“CHS PP” and regulated by the Swiss Financial Market Supervisory Authority (“FINMA”) under Anti Money Laundering requirements. It is a limited liability company with a share capital of 750 000 CHF.
Trade register n° CH-660-0180005-1
8 chemin de Blandonnet
Vernier 1214 Geneva
Flexstone Partners, LLC - New York
Delaware corporation, registered with the United States Securities and Exchange Commission as an investment adviser
28th floor of 745 Fifth Avenue, New York, NY 10151.
Flexstone Partners, PTE Ltd - Singapore
61 Robinson Road, #08-01A Robinson Centre
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2020 Natixis Investment Managers S.A. – All rights reserved