Hostplus has teamed up with global private investments firm Flexstone Partners, an affiliate to Natixis Investment Managers, to start a US private equity emerging managers program dedicated to the fund.
The program will see Flexstone Partners invest over the next three years in the first, second or third funds of US mid-market private equity managers on behalf of the industry superannuation fund.
“We believe successful US emerging managers program members tend to deliver higher fund returns, on average, compared to the returns of their former funds,” Nitin Gupta, managing partner at Flexstone Partners, said.
“In addition, with their successes, when they become more established, emerging managers may become increasingly difficult to access, as limited partners compete to get capacity.”
“We are excited to start this long-term initiative with a strong partner like Hostplus.”
Sam Sicilia, chief investment officer of Hostplus, said developing and maintaining long-term partnerships with investment managers is critical to securing privileged access to successor funds and future deal flow.
“More than anywhere else, managing relationships with market leaders is particularly important for access to private markets,” he said.
“We are very pleased to team up with Flexstone Partners, who have proved to be a strong partner in the US market.”
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