Natixis’s Flexstone promotes head of secondaries

Natixis subsidiary Flexstone Partners has promoted its head of secondaries to managing director.

Kristof Van Overloop focuses on secondaries transactions globally and is a member of Flexstone’s European investment committee. Van Overloop’s LinkedIn profile shows his updated position.

He joined the firm in 2020 from the London office of Adams Street Partners, where he spent eight years in the secondaries investment team. Prior to that he was at Morgan Stanley, advising on M&A and capital markets transactions in the Benelux region.

Speaking with affiliate publication Private Equity International last month, managing partner Nitin Gupta, who leads its US investments, said the firm’s “core secondary track record” was 45 transactions at that time. Its total secondary track record includes 100 funds acquired through secondaries transactions representing a total of $822 million invested since 2007.

The firm latest secondaries and co-investment fund, Select Opportunities II, closed on its €300 million hard-cap in 2019. The mid-market focused fund was almost 40 percent deployed, according to a statement at the time.

Natixis Investment Managers combined its three regional private capital firms – Geneva-based Euro Private Equity, Singapore-based Eagle Asia Partners and New York-based Caspian Private Equity – to form Flexstone in 2018.

Flexstone allocated more than €900 million across US and Europe in 2021 via fund investments, co-investment and secondaries, Gupta told PEI last month. As of year-end 2021, Flexstone had $10 billion in assets under management and advisory across the US, Europe and Asia.