Flexstone Partners, Hostplus start US private equity venture
Global private investments firm and Natixis Investment Managers affiliate, Flexstone Partners, has partnered with Australian superannuation fund, Hostplus, to start a US private equity emerging managers program, which would see risk-adjusted investment solutions made available to Hostplus’ members.
The partnership would see Flexstone Partners invest in the first, second or third funds of US mid-market private equity managers over the next three years on behalf of Hostplus.
Nitin Gupta, managing partner at the investment firm, said US members of the program tend to deliver higher fund returns, on average, compared to the returns of their former funds.
Hostplus’ chief investment officer, Sam Sicilia, said developing and maintaining long-term partnerships with investment managers was critical to securing access to successor funds and future deal flow, and this was particularly true of private markets.
“This partnership between Hostplus and Flexstone is a demonstration of super funds’ search for new and diverse income streams for their members, and how our global multi-affiliate model can provide institutions with tailored solutions in new markets, while supporting innovation,” added Louise Watson, Australian managing director, Natixis IM.
AUTHOR
Oksana Patron
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
