WTW has announced the acquisition of FlowStone Partners, an alternative investment firm with expertise in private equity secondaries for institutional and individual wealth clients.
WTW said this acquisition will expand its ability to bring leading private markets investment capabilities and innovation to institutional clients.
“WTW’s deep investment research capabilities, advanced analytics, and commitment to innovation will help our investors stay ahead of the curve as new solutions expand access to the benefits of private markets,” Michael Carrano, managing director and investment committee member of FlowStone Partners, stated.
The transaction is subject to the approval of the shareholders of FlowStone’s managed fund and the fund’s independent trustee board, as well as other customary closing conditions.