POWERED BY MOMENTUM MEDIA
Hostplus, Flexstone Partners start US private equity venture
Hostplus has partnered with global private investments firm, Flexstone Partners, to start a US private equity emerging managers program, which would see risk-adjusted investment solutions made available to Hostplus’ members.
Flexstone Partners, which is an affiliate of Natixis Investment Managers, would invest in the first, second or third funds of US mid-market private equity managers over the next three years on behalf of Hostplus.
Nitin Gupta, managing partner at the investment firm, said US members of the program tend to deliver higher fund returns, on average, compared to the returns of their former funds.
Hostplus’ chief investment officer, Sam Siciliia, said developing and maintaining long-term partnerships with investment managers was critical to securing access to successor funds and future deal flow, and this was particularly true of private markets.
“This partnership between Hostplus and Flexstone is a demonstration of super funds’ search for new and diverse income streams for their members, and how our global multi-affiliate model can provide institutions with tailored solutions in new markets, while supporting innovation,” added Louise Watson, Australian managing director, Natixis IM.
Recommended for you
With the merger between Mine Super and TWUSuper in its late stages, the head of the soon-to-be combined fund is the latest to join ASFA’s board.
The fund has announced new additions to its trustee board.
Brighter Super has confirmed an executive search is underway to succeed its long-serving chief financial officer Garnett Hollier.
The research house has hired an experienced product specialist for its Australasian team.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
