The FlowStone Opportunity Fund is a Delaware statutory trust registered under the Investment Company Act of 1940 as a non-diversified, closed-end management investment company. The fund's primary objective is to generate long-term, risk-adjusted returns through a diversified portfolio of private equity investments. Its investments predominantly consist of secondary investments in private equity funds, primary investments in private equity funds, and direct co-investments in the equity or debt of operating companies. The fund is structured to offer continuous offerings of shares on a quarterly basis, at the net asset value (NAV) of shares, and it typically requires a minimum investment of $100,000. The holding period for investments is expected to be long-term, with the aim of achieving capital appreciation through a diversified approach within private equity.
News and Notices
FlowStone Partners
2019
'40 Act
Tender Offer CEF
USD
Quarterly
Quarterly
1.25%
March 31
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Secondary Pricing
Capital Flows
Tender Offers
Share Classes
Returns
Fees
Ownership
Operating Metrics
Per Page
10
Notices
Jul 02, 2024
11:29
Redemptions
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FlowStone Opportunity Fund launched a tender offer to repurchase up to 5.00% of net assets, or $35.5 million, expiring September 30, 2026. Shareholders with accepted tenders receive at least 95% of unaudited value within 65 days, with any balance post-audit.
May 10, 2025
15:43
Compliance
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FlowStone Opportunity Fund reported its annual proxy voting record for report calendar year 2026, with 0 other included managers and 0 series included.
Apr 29, 2025
16:34
Fees, Marketing Materials, Subscriptions
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FlowStone Opportunity Fund updated its prospectus for a continuous offering effective July 31, 2026, covering Class A, Class D, Class I and Class M Shares, with sales loads up to 3.50% for Class A and 1.50% for Class D.
Mar 15, 2026
16:43
Redemptions
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FlowStone Opportunity Fund reported final tender results: 159 holders tendered 5,945,324 shares valued at $53.6 million, with 3,047,419 accepted pro rata after oversubscription, representing 51.26% of unaudited net asset value tendered.
May 13, 2025
17:16
Compliance
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Flowstone Opportunity Fund secured a Travelers investment company fidelity bond for July 1, 2026 to July 1, 2027, with most coverage categories carrying $1 million single-loss limits. The policy renews required fidelity coverage after current coverage expires on July 1, 2026.
Nov 29, 2025
15:12
Fees, Marketing Materials, Subscriptions
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FlowStone Opportunity Fund updated its prospectus for a four-class continuous offering, adding Class A Shares with a 3.50% sales load and setting the investment management fee at 1.00% with a 0.25% waiver for at least two years from April 1, 2026.
May 24, 2023
16:37
Personnel
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Nancy M. Stokes was reported as a Trustee of FlowStone Opportunity Fund with no securities owned.
Jan 24, 2025
16:36
Personnel
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FlowStone Opportunity Fund’s Trustee, Joseph Richard S., disclosed no securities owned as of April 1, 2026.
Jan 24, 2025
16:36
Personnel
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FlowStone Opportunity Fund President and Trustee Nimisha Srivastava reported ownership information showing no securities owned as of 2026-04-01.
Apr 24, 2026
16:35
Personnel
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FlowStone Opportunity Fund reported Brad R. Morrow as a Trustee with no securities owned. This indicates an ownership disclosure only, with no transaction or operational change described.
Preview
News
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Managers
'40 Act in Focus: FlowStone Opportunity Fund
Mar 20, 2025

SecondaryLink outlines the evergreen fund's performance, Q4 secondary investments, and portfolio makeup.

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Managers
'40 Act in Focus: FlowStone Opportunity Fund
Dec 12, 2024

SecondaryLink outlines the evergreen fund's Q3 secondary investments, pricing, NAV performance, tender offers, and structure.

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Returns & Performance
Research & Stats
Returns Revealed: Evergreen funds
Aug 6, 2024

Seven '40 act funds that invest in secondaries were evaluated, outlining each of their one-year, since-inception, and weighted average returns across share classes.

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Investments
Managers
Private Equity
FlowStone Opportunity Fund makes $65 million in new secondary purchases
Jul 10, 2024

The fund's top two investments included stakes in Warburg Pincus and KKR Americas funds, making up 82% of the quarter's purchases.

FlowStone Opportunity Fund
FlowStone Partners is responsible for managing FlowStone Opportunity Fund.
FlowStone Opportunity Fund launched in 2019.
FlowStone Opportunity Fund is registered as a '40 Act fund.
FlowStone Opportunity Fund is structured as a Tender Offer CEF fund.
You can invest in FlowStone Opportunity Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in FlowStone Opportunity Fund quarterly, subject to eligibility and fund subscription deadlines.
You can redeem shares of FlowStone Opportunity Fund quarterly, subject to redemption limits and notice requirements.
Shares of FlowStone Opportunity Fund can be purchased in USD.
FlowStone Opportunity Fund's fiscal year end is March 31.
FlowStone Opportunity Fund's net asset value was $710.9 million and its portfolio had a fair value of $867.4 million as of June 30, 2026.
Among other deal types, FlowStone Opportunity Fund primarily makes Secondary (non-CV) Investments.
Among other asset classes, FlowStone Opportunity Fund primarily invests in LBO.
Among other regions, FlowStone Opportunity Fund primarily invests in North America.
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