– Flexstone Partners raised €200 million for the Mid Market Secondaries III (MMS III) fund, achieving its target with a final closing on December 19, 2024.
– The fund aims to make approximately 20 secondary private equity investments in the small- and mid-cap market while avoiding reliance on bank debt to maintain a risk-conscious investment approach.
– Over 40% of the fund is already deployed, with a balanced allocation between LP-stake and GP-led transactions.
– The fund builds on Flexstone’s history of exceeding performance expectations while focusing on less competitive, high-growth small- and mid-cap private equity segments.
– Eric Deram, CEO of Flexstone, highlighted the fund’s strong performance and the firm’s continued growth in the secondary market.
– Kristof Van Overloop, CFA, Managing Director, emphasized Flexstone’s differentiated strategy and strong relationships with small- and mid-cap fund managers.
– Since 2008, Flexstone has completed 70 secondary transactions, demonstrating expertise and consistent delivery of attractive risk-adjusted returns.
– Flexstone is an affiliate of Natixis Investment Managers, managing or advising on over $10.6 billion in assets globally.
