WTW has acquired FlowStone Partners for an undisclosed amount. FlowStone Partners specializes in managing private equity investment products, particularly focusing on secondary investments. The firm caters to smaller institutional and individual investors through flexible and accessible fund structures, offering both co-mingled products and customized vehicles. Its experienced investment team possesses over 90 years of combined private equity secondary and primary investment experience, enabling them to design and manage tailored strategies.
This acquisition is a strategic move for WTW, a leading global advisory and solutions company. By integrating FlowStone Partners, WTW aims to significantly expand its capabilities within the private markets, an asset class with growing demand across various investor segments. FlowStone’s proficiency in structuring accessible private equity products, which address unique requirements for diverse investors, aligns with WTW’s existing advisory services.
The transaction is expected to generate substantial synergies. WTW will leverage FlowStone’s specialized investment management expertise and innovative fund structures, such as those combining private equity secondaries with accessible formats, to enhance its client offerings. This includes providing more comprehensive and diversified private market solutions. The acquisition will allow WTW to offer direct access to strategies that can construct highly-diversified portfolios and mitigate common private equity risks like the J-Curve.
Looking ahead, the combined entity is positioned to deliver a broader, more sophisticated suite of private market solutions. This move is anticipated to democratize access to private equity for a wider array of institutional and individual investors, further solidifying WTW's standing as a comprehensive financial advisory and solutions provider.