0001145549-21-052642.txt : 20210827 0001145549-21-052642.hdr.sgml : 20210827 20210827144705 ACCESSION NUMBER: 0001145549-21-052642 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210630 FILED AS OF DATE: 20210827 PERIOD START: 20220331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FlowStone Opportunity Fund CENTRAL INDEX KEY: 0001741739 IRS NUMBER: 364909711 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-23352 FILM NUMBER: 211218091 BUSINESS ADDRESS: STREET 1: 55 NOD ROAD STREET 2: SUITE 120 CITY: AVON STATE: CT ZIP: 06001 BUSINESS PHONE: 312-429-2419 MAIL ADDRESS: STREET 1: 55 NOD ROAD STREET 2: SUITE 120 CITY: AVON STATE: CT ZIP: 06001 FORMER COMPANY: FORMER CONFORMED NAME: Cresset Private Markets Opportunity Fund DATE OF NAME CHANGE: 20190130 FORMER COMPANY: FORMER CONFORMED NAME: Cresset Private Equity Opportunity Fund DATE OF NAME CHANGE: 20180523 NPORT-P 1 primary_doc.xml NPORT-P false 0001741739 XXXXXXXX FLOWSTONE OPPORTUNITY FUND 811-23352 0001741739 54930070WA2NYCEI1614 55 Nod Road Suite 120 Avon 06001 3124292419 FLOWSTONE OPPORTUNITY FUND 54930070WA2NYCEI1614 2022-03-31 2021-06-30 N 137442598.989900000000 1921668.570000000000 135520930.419900000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 52097247.429970000000 N AIC Credit Opportunities Partners Fund II L.P. N/A AIC Credit Opportunities Partners Fund II L.P. 999999999 6936422 OU Other Units USD 6936422 5.1183400073 Long PF US Y N/A N N N Ampersand 2006 Limited Partnership N/A Ampersand 2006 Limited Partnership 999999999 59047 OU Other Units USD 59047 0.0435703915 Long PF US Y N/A N N N Ampersand CF Limited Partnership - Class A N/A Ampersand CF Limited Partnership - Class A 999999999 2295373.75 OU Other Units USD 2295373.75 1.6937411386 Long PF US Y N/A N N N Ampersand CF Limited Partnership - Class B N/A Ampersand CF Limited Partnership - Class B 999999999 4092527.25 OU Other Units USD 4092527.25 3.0198488435 Long PF US Y N/A N N N Apax X USD, L.P. N/A Apax X USD, L.P. 999999999 450088 OU Other Units USD 450088 0.3321169642 Long PF GG Y N/A N N N BC European Capital IX, L.P. N/A BC European Capital IX, L.P. 999999999 18476256.13 OU Other Units USD 18476256.13 13.6335074389 Long PF GG Y N/A N N N Canaan VII, L.P. N/A Canaan VII, L.P. 999999999 887213 OU Other Units USD 887213 0.6546686163 Long PF US Y N/A N N N Catterton Partners VI, L.P. N/A Catterton Partners VI, L.P. 999999999 1350951 OU Other Units USD 1350951 0.9968578254 Long PF US Y N/A N N N Crosslink Ventures V, L.P. N/A Crosslink Ventures V, L.P. 999999999 612310.33 OU Other Units USD 612310.33 0.4518197507 Long PF US Y N/A N N N Dace Ventures I, LP N/A Dace Ventures I, LP 999999999 330250 OU Other Units USD 330250 0.2436892951 Long PF US Y N/A N N N DFJ Growth 2006 Continuation, L.P. N/A DFJ Growth 2006 Continuation, L.P. 999999999 3799285 OU Other Units USD 3799285 2.8034673229 Long PF US Y N/A N N N Emerald Partners V, LP N/A Emerald Partners V, LP 999999999 17000 OU Other Units USD 17000 0.0125441878 Long PF US Y N/A N N N EnerTech Capital Partners III, L.P. N/A EnerTech Capital Partners III, L.P. 999999999 276130 OU Other Units USD 276130 0.2037545043 Long PF US Y N/A N N N Fin Venture Capital I, L.P. N/A Fin Venture Capital I, L.P. 999999999 5019339.32 OU Other Units USD 5019339.32 3.7037373522 Long PF US Y N/A N N N Francisco Partners III, L.P. N/A Francisco Partners III, L.P. 999999999 4579154 OU Other Units USD 4579154 3.3789275102 Long PF US Y N/A N N N Institutional Venture Partners XII, L.P. N/A Institutional Venture Partners XII, L.P. 999999999 98917 OU Other Units USD 98917 0.0729902014 Long PF US Y N/A N N N JK&B Capital V, L.P. N/A JK&B Capital V, L.P. 999999999 198795 OU Other Units USD 198795 0.1466895183 Long PF US Y N/A N N N Lincolnshire Equity Fund IV-A, L.P. N/A Lincolnshire Equity Fund IV-A, L.P. 999999999 3287858 OU Other Units USD 3287858 2.4260887155 Long PF US Y N/A N N N Liquid Stock I, LP N/A Liquid Stock I, LP 999999999 3861044 OU Other Units USD 3861044 2.8490388813 Long PF US Y N/A N N N MDV IX, L.P. N/A MDV IX, L.P. 999999999 2384807 OU Other Units USD 2384807 1.7597333435 Long PF US Y N/A N N N Morgenthaler Venture Partners IX, LP N/A Morgenthaler Venture Partners IX, LP 999999999 2214274 OU Other Units USD 2214274 1.6338981685 Long PF US Y N/A N N N New Mountain Partners VI, L.P. N/A New Mountain Partners VI, L.P. 999999999 15797 OU Other Units USD 15797 0.0116565020 Long PF US Y N/A N N N Parthenon Investors III, L.P. N/A Parthenon Investors III, L.P. 999999999 9083294 OU Other Units USD 9083294 6.7025026849 Long PF US Y N/A N N N Point 406 Ventures I, LP N/A Point 406 Ventures I, LP 999999999 3573299 OU Other Units USD 3573299 2.6367137452 Long PF US Y N/A N N N Redpoint Ventures IV, L.P. N/A Redpoint Ventures IV, L.P. 999999999 3435890 OU Other Units USD 3435890 2.5353205511 Long PF US Y N/A N N N Rembrandt Venture Partners Fund Two, L.P. N/A Rembrandt Venture Partners Fund Two, L.P. 999999999 1128068 OU Other Units USD 1128068 0.8323939310 Long PF US Y N/A N N N Reverence Capital Partners Opportunities Fund I, L.P. N/A Reverence Capital Partners Opportunities Fund I, L.P. 999999999 1878791.14 OU Other Units USD 1878791.14 1.3863475805 Long PF US Y N/A N N N Savant Growth Fund I, LP N/A Savant Growth Fund I, LP 999999999 1853832 OU Other Units USD 1853832 1.3679303959 Long PF US Y N/A N N N Tudor Ventures III L.P. N/A Tudor Ventures III L.P. 999999999 150439 OU Other Units USD 150439 0.1110079451 Long PF US Y N/A N N N Versant Venture Capital IV, L.P. N/A Versant Venture Capital IV, L.P. 999999999 2842723 OU Other Units USD 2842723 2.0976265372 Long PF US Y N/A N N N 2021-07-27 FLOWSTONE OPPORTUNITY FUND /s/ Trent Statczar Trent Statczar Principal Financial Officer XXXX NPORT-EX 2 fp0068243_nportex.htm 6.30.21 FLOWSTONE OPPORTUNITY FUND PART F SOI

FlowStone Opportunity Fund

Schedule of Investments

June 30, 2021 (Unaudited)      

 

 

Investment Funds  Geographic
Region*		  Redemptions
 Permitted **		  Redemption
Notice Period**		   Investment
Strategy		  Shares   Cost   Fair Value  

% of Shareholders'

Capital

   Original
Acquisition Date
Primary Investments                                
Apax X USD, L.P.(a)(b)    Guernsey  NA   NA   Leveraged Buyout       $395,654   $566,640    0.29%  3/3/2020
Fin VC Flagship II, LP(a)(b)    North America  NA   NA   Venture        692,700    675,982    0.35%  5/6/2021
Liquid Stock I, L.P.(a)(b)    North America  NA   NA   Private Equity Fund        3,018,968    4,325,473    2.21%  8/30/2019
Madison Dearborn Capital Partners VIII-A, L.P.(a)(b)    North America  NA   NA   Leveraged Buyout        1,127,772    1,578,214    0.81%  6/21/2021
New Mountain Partners VI, L.P.(a)(b)    North America  NA   NA   Leveraged Buyout        278,236    246,372    0.13%  4/8/2020
 Total Primary Investments (Cost $5,513,330) (3.79%)***             7,392,681          
                                     
Secondary Investments                                   
AIC Credit Opportunities Partners Fund II, L.P.(b)    North America  NA   NA   Private Credit        6,772,626    7,025,593    3.60%  10/31/2019
Ampersand CF Limited Partnership - Class A (a)(b)    North America  NA   NA   Leveraged Buyout        2,243,479    2,592,372    1.33%  10/29/2020
Ampersand CF Limited Partnership - Class B (a)(b)    North America  NA   NA   Leveraged Buyout        4,018,450    4,622,058    2.36%  10/29/2020
Ampersand 2006, L.P.(a)(b)(c)    North America  NA   NA   Venture        -    62,743    0.03%  12/31/2019
Audax Mezzanine Fund III, L.P.(a)(b)(c)    North America  NA   NA   Credit        916,367    123,003    0.06%  6/30/2021
BC European Capital IX, L.P.(a)(b)    Guernsey  NA   NA   Leveraged Buyout        11,507,979    18,634,515    9.52%  12/31/2020
Caltius Partners IV, L.P.(a)(b)    North America  NA   NA   Credit        4,722,855    5,294,650    2.71%  6/30/2021
Canaan VII, L.P.(a)(b)    North America  NA   NA   Venture        432,808    886,849    0.45%  12/31/2019
Catterton Partners VI, L.P.(a)(b)    North America  NA   NA   Leveraged Buyout        750,710    1,398,841    0.71%  12/31/2019
CRG Partners III (Holdings I) L.P.(a)(b)    North America  NA   NA   Credit        606,665    706,826    0.36%  1/1/2020
Crosslink Ventures V, L.P.(a)(b)    North America  NA   NA   Venture        468,540    578,592    0.30%  1/1/2020
Dace Ventures I, L.P.(a)(b)    North America  NA   NA   Venture        291,049    337,000    0.17%  12/31/2019
DFJ Growth 2006 Continuation, L.P. (a)(b)(d)    North America  NA   NA   Leveraged Buyout        1,497,477    3,799,285    1.94%  12/31/2019
EagleTree Partners IV, LP(a)(b)    North America  NA   NA   Leveraged Buyout        1,264,824    1,594,711    0.81%  6/30/2021
Emerald Partners V, L.P.(a)(b)    North America  NA   NA   Leveraged Buyout        733    11,461    0.01%  12/31/2019
EnerTech Capital Partners III, L.P.(a)(b)    North America  NA   NA   Venture        287,373    275,633    0.14%  12/31/2019
Falcon Strategic Partners III, L.P. (a)(b)    North America  NA   NA   Credit        2,143,184    2,864,274    1.46%  6/30/2021
Fin Venture Capital I, L.P. (a)(b)    North America  NA   NA   Venture        3,535,432    9,635,067    4.92%  6/30/2020
Francisco Partners III (Cayman), L.P.(a)(b)    North America  NA   NA   Leveraged Buyout        116,043    1,672,547    0.85%  12/31/2020
Francisco Partners III (Domestic AIV), L.P.(a)(b)    North America  NA   NA   Leveraged Buyout        6,383    611,175    0.31%  12/31/2020
Francisco Partners III, L.P.(a)(b)    North America  NA   NA   Leveraged Buyout        118,668    2,349,307    1.20%  12/31/2020
GCG Investors II-A, L.P.(a)(b)    North America  NA   NA   Credit        43,090    43,476    0.02%  6/30/2021
ICG Ludgate Hill IB SCSp(a)(b)    Luxembourg  NA   NA   Leveraged Buyout        20,308,102    27,747,720    14.18%  6/22/2021
Icon Partners IV, L.P.(a)(b)(d)    North America  NA   NA   Leveraged Buyout        8,333,333    8,333,333    4.26%  5/21/2021
Institutional Venture Partners XII, L.P.(a)(b)    North America  NA   NA   Venture        342,941    98,760    0.05%  12/31/2019
Intermediate Capital Asia Pacific Fund 2008, L.P.(a)(b)(d)    Jersey  NA   NA   Credit        123,321    633,543    0.32%  6/30/2021
JK&B Capital V, L.P.(a)(b)(c)    North America  NA   NA   Venture        148,521    196,479    0.10%  12/31/2019
Lincolnshire Equity Fund IV-A, L.P.(a)(b)    North America  NA   NA   Leveraged Buyout        1,573,920    3,281,998    1.68%  12/31/2020
MDV IX, L.P.(a)(b)    North America  NA   NA   Venture        799,172    2,310,051    1.18%  12/31/2020
Morgenthaler Venture Partners IX, LP(a)(b)    North America  NA   NA   Venture        734,726    11,035,488    5.64%  12/31/2020
Northstar Mezzanine Partners V, L.P.(a)(b)    North America  NA   NA   Credit        3,460,432    4,057,416    2.07%  6/30/2021
NYLCAP Mezzanine Offshore Partners III, L.P.(a)(b)    North America  NA   NA   Credit        1,632,373    1,933,294    0.99%  6/30/2021
Park Square Capital Partners II, L.P.(a)(b)    Guernsey  NA   NA   Credit        1,824,970    2,304,305    1.18%  6/30/2021
Parthenon Investors III, L.P.(b)    North America  NA   NA   Leveraged Buyout        449,508    5,569,848    2.85%  12/31/2019
Point 406 Ventures I, L.P.(a)(b)    North America  NA   NA   Venture        1,865,426    3,450,918    1.76%  12/31/2019
Redpoint Ventures IV, L.P.(a)(b)    North America  NA   NA   Venture        3,075,823    3,902,130    1.99%  12/31/2020
Rembrandt Venture Partners Fund Two, L.P.(a)(b)    North America  NA   NA   Venture        918,894    1,152,293    0.59%  12/31/2019
Reverence Capital Partners Opportunities Fund I, L.P.(b)(d)    North America  NA   NA   Leveraged Buyout        1,475,282    1,609,498    0.82%  12/31/2020
Riverstone Global Energy and Power Fund VI, LP(b)    North America  NA   NA   Leveraged Buyout        456,905    725,968    0.37%  6/30/2021
Savant Growth Fund I, LP(a)(b)    North America  NA   NA   Leveraged Buyout        1,459,579    2,090,093    1.07%  12/8/2020
StepStone Real Estate Partners III, L.P.(a)(b)(d)    North America  NA   NA   Fund of Funds        195,984    281,043    0.14%  6/30/2021
Summit Partners Growth Equity Fund IX-A, L.P.(a)(b)    North America  NA   NA   Leveraged Buyout        3,033,819    4,377,701    2.24%  6/30/2021
Summit Partners Subordinated Debt IV-B, L.P.(a)(b)    North America  NA   NA   Credit        818,883    906,899    0.46%  6/30/2021
TCW/Crescent Mezzanine Partners VB, L.P.(a)(b)    North America  NA   NA   Credit        25,926    342,632    0.18%  6/30/2021
Tudor Ventures III, L.P.(a)(b)    North America  NA   NA   Venture        83,402    174,500    0.09%  12/31/2019
TZP Capital Partners I (PIV), LP(a)(b)    North America  NA   NA   Leveraged Buyout        70,696    111,641    0.06%  4/7/2021
TZP Capital Partners II-A (Blocker), LP(a)(b)    North America  NA   NA   Leveraged Buyout        582,911    904,487    0.46%  4/7/2021
TZP Small Cap Partners I-A (Blocker), LP(a)(b)    North America  NA   NA   Leveraged Buyout        265,029    352,497    0.18%  4/7/2021
Versant Venture Capital IV, L.P.(a)(b)    North America  NA   NA   Venture        6,548,973    1,979,679    1.01%  12/31/2020
  Total Secondary Investments (Cost $102,353,586) (79.18%)***            154,984,192          
  Total Investment Funds (Cost $107,866,916) (82.97%)***         $162,376,873      
                                         
Investments in Securities                            
Common Stocks                                        
CRISPR Therapeutics AG    Switzerland              4,617   $700,076   $747,446    0.38%  12/31/2020
  Total Common Stocks (Cost $700,076) (0.38%)***          747,446          
  Total Investment in Securities (Cost $700,076) (0.38%)***         $747,446          
                                         
Short-Term Investment (26.95%)***                         
Money Market Fund                             
Morgan Stanley Institutional Liquidity Fund - Treasury Portfolio, 0.01% (e)   52,733,677        $52,733,677      
  Total Money Market Fund (Cost $52,733,677) (26.95%)***            $52,733,677          
                                     
Total Investments (Cost $161,300,669) (110.30%)***            $215,857,996          
Liabilities less other assets (-10.30%)***                    (20,183,249 )     
Shareholders' Capital - 100.00%***                 $195,674,747          

 

Primary Investments are investments in newly established private equity partnerships where underlying portfolio companies are not known as of the time of investment.

Secondary Investments are Private Equity Fund Investments generally acquired in the secondary market.

 

*The geographic region disclosed is based on where each Investment Fund is domiciled.
**Certain Investment Funds will distribute proceeds upon realization events and such proceeds are distributed at the discretion of the Investment Manager, as they become available.
***As a percentage of total shareholders' capital.
(a)Non-income producing.
(b)Investment Funds are issued in private placement transactions and as such are restricted as to resale per Rule 12-12-8 of Regulation S-X.
(c)The Investment Fund is liquidating its assets and is in the process of returning capital to its limited partners in a reasonable manner.
(d)Fair valued by the Fair Value Committee based on policies and procedures established by the Board of Trustees and considered a Level 3 investment.
(e)The rate quoted is the annualized seven-day yield of the fund at the period end.