Flexstone completes acquisition of Glouston Capital Partners

Flexstone Partners, a private markets investment manager and Natixis Investment Managers affiliate, has successfully completed its acquisition of Boston-based private equity secondaries specialist Glouston Capital Partners. This strategic move bolsters Flexstone's secondary market capabilities and increases its assets under management to over $15 billion across primary, co-investment, and secondary private equity strategies.

The merger enhances Flexstone's position in North America's middle-market secondaries sector, while simultaneously incorporating Glouston's well-established relationships within the private equity industry. With this acquisition, Flexstone's expanded platform will cater to institutional investors across North America, Europe, and Asia.

Glouston's investment team has seamlessly integrated into Flexstone and will continue to operate from their Boston headquarters. Their investment strategies and team composition remain unchanged, now operating under the Flexstone Partners name. Existing fund structures, limited partnership agreements, and investment mandates will remain intact, ensuring continuity for Glouston's investors and partners.

Post-acquisition, Glouston's six partners have assumed the role of Managing Partners at Flexstone, reinforcing the unified vision of the combined enterprise. The newly fortified investment platform now boasts a team of 37 professionals operating from key locations, including New York, Boston, Paris, Geneva, and Singapore.

Glouston has a strong track record in North American buyout middle-market secondaries since its establishment in 1994. Over its tenure, the firm has invested more than $2.9 billion across 290 secondary transactions, benefitting institutional investors.