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Investor Presentaiton

35 CONFIDENTIAL T}} FlowStone Opportunity Fund | Summary FSOF - Class I Shares Performance Data (as of 12/31/2023)(1) Total Return %* QTD (Q4) %* YTD %* One Year Ended Annualized Three Years Ended Annualized Inception to Date ITD** % ("ITD"**) % FSOF-Class I Shares 1.45% 3.85% 3.85% 12.21% 16.39% 93.17% S&P 500 11.69% 26.29% 26.29% 10.00% 13.79% 75.10% MSCI World 11.42% 23.79% 23.79% 7.27% 11.22% 58.62% *Note: Returns are calculated based on a calendar quarter and year. For financial reporting purposes, the FSOF FY ends on March 31st, as stated in the prospectus. FSOF returns are a calculated net of all fees and expenses, assuming reinvestment of dividends **Note: "Annualized Inception to date (ITD)" performance metrics represent annualized figures. Inception date of August 31, 2019 The performance data shown represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the past performance quoted. It is not possible to invest directly in an index. Net Assets (2) (as of 1/1/2024) Number of Transactions (3) Investment Value / Fund NAV(4) Number of Funds Number of Companies $710.5 million 48 80.9% 205 1600+ (1)See "Important Disclosures | Performance Reporting" on page 2 (2) Fund Net Assets is calculated as the sum of the Fund's Net Asset Value as of 12/31/2023 ($683.2 million) and the amount of capital received from subscriptions on 1/1/2024 ($27.3 million); (3) See the Glossary for the definition of "Transaction(s)"; (4) Investment Value reflects the value of the fund's investments as of 12/31/2023 Disclosure: Diversification does not ensure a profit or protect against loss.
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