Flexstone Partners' Third Mid-market Secondaries Fund Raises €200M

Flexstone Partners closed its third secondary fund, Mid Market Secondaries III, with capital commitments totaling €200M (~$206.2M).

The fund had its final closing on December 19, 2024, and in line with the firm’s strategy intends to make roughly 20 investments in the small and mid-cap market. Flexstone Partners CEO Eric Deram said more than 40% of the fund is already invested in various LP stakes and GP-led transactions.

Flexstone Partners is an affiliate management company of Natixis Investment Managers and operates out of offices in New York, Paris, Geneva, and Singapore. It has completed 70 secondary private equity transactions since 2008 and had $10.6B of assets under management and advisory as of September 30, 2024.