WTW announces strategic acquisition of FlowStone Partners, enhancing its Wealth offerings

WTW, a leading global advisory and solutions company, announced the acquisition of FlowStone Partners, LLC, an alternative investment firm with highly specialized expertise in private equity secondaries for individual wealth and institutional clients. This acquisition will expand innovative, high-quality access to private equity for individual wealth investors, while enhancing WTW’s ability to bring leading private markets investment capabilities and innovation to institutional clients.

“We are excited to expand the opportunity set for both institutional and individual wealth investors, pairing FlowStone’s seasoned expertise in secondaries investing with WTW’s global scale, sourcing network and research engine. The acquisition meaningfully expands WTW’s ability to serve clients’ evolving needs and deliver differentiated private market solutions. This is a bold venture in the future of private equity secondaries investing,” said Diya Luke, global head of Investments, WTW.

"By unlocking access to high-quality, private markets through liquid, accessible structures, this acquisition strengthens our ability to deliver best-in-class solutions for individual and institutional investors alike - helping more people achieve stronger long-term outcomes,” said Nimisha Srivastava, head of Investments, North America, WTW.

“Combining FlowStone’s deep expertise in private equity secondaries with WTW’s global scale in discretionary and non-discretionary investment management and retirement planning creates a powerful platform positioned to meet the evolving needs of investors across these growing markets. We’re excited to bring our experience, relationships, and proven track record to WTW’s expanding suite of alternative investment solutions,” said Scott Conners, President of FlowStone Partners.

“WTW’s deep investment research capabilities, advanced analytics, and commitment to innovation will help our investors stay ahead of the curve as new solutions expand access to the benefits of private markets,” added Michael Carrano, Managing Director and Investment Committee Member of FlowStone Partners.

The transaction is subject to the approval of the shareholders of FlowStone’s managed fund and the fund’s independent trustee board, as well as other customary closing conditions. We expect to complete these steps by early 2026.