Natixis Investment Managers has combined three of its private equity affiliates Euro-PE, Caspian Private Equity and Eagle Asia to launch a new private equity firm called Flexstone Partners.
Eric Deram, previously founder and managing partner of Euro-PE, now serves as the chief executive of Flexstone Partners. The new firm has combined assets of $6.7 billion and 40 private equity investment professionals working in offices in Paris, New York, Singapore and Geneva.
Flexstone will specialize in selecting private equity, private debt, real estate and infrastructure fund managers across America, Europe and Asia. It will cater to institutional investors such as pension funds, insurance companies, foundations, financial institutions and family offices from the Americas, Europe, Asia and Australia.
Following the merger of the three affiliates, Flexstone will continue to serve as a fully autonomous affiliate of Natixis, with a portion of Flexstone’s equity continued to be held by the firm’s partners and employees.
Natixis’ launch of Flexstone follows its acquisition of UK-based private debt specialist, MV Credit earlier this year and the launch of a co-investment offering on real assets private debt by affiliate Ostrum Asset Management and Natixis’ corporate and investment banking arm.
'From the construction of bespoke portfolios to the access to niche market funds in the small- and mid-cap segments, Flexstone Partners specializes in primary, secondary and co-investments in the private equity, mezzanine and infrastructure markets. At a time where investors are increasingly turning to alternatives for long-term growth opportunities in challenging markets, this makes a substantial contribution to our global private equity offering,’ said Jean Raby, chief executive of Natixis Investment Managers.
Natixis recently announced that it would merge its Chicago-based affiliate McDonnell Investment Management into another affiliate Loomis, Sayles & Company on January 1, 2019.
Natixis Investment Managers, which is comprised of 27 specialized affiliates, had $999.5 billion in assets under management as of September 30.