9AT: FLOWSTONE PARTNERS, LLC

Adviser Profile

As of Date	07/07/2026
Registration	SEC, Approved, 05/03/2019
Contact Info	312 xxxxxxx
Websites

AUM^*	767,354,456 4%
of that, discretionary	767,354,456 4%
Number of Employees	7
of those in investment advisory functions	5
Private Fund GAV^*	0
Avg Account Size	767,354,456 4%
SMA’s	No
Private Funds	0

Adviser Type

- Large advisory firm
- An investment adviser (or subadviser) to an investment company

Client Types

- Investment companies

Advisory Activities

- Portfolio management for investment companies

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser AB CUSTOM ALTERNATIVE SOLUTIONS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM1.4b	#Funds-
Adviser CIFC INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM1.0b	#Funds2
Adviser ORSO PARTNERS, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM387.5m	#Funds1
Adviser OLSTEIN CAPITAL MANAGEMENT, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM564.1m	#Funds-
Adviser FRANKLIN BSP CAPITAL ADVISER LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM4.2b	#Funds4
Adviser CONSTITUTION CAPITAL PM, L. P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM910.8m	#Funds-
Adviser LADDER CAPITAL ASSET MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM879.4m	#Funds-
Adviser OT RESEARCH	Hedge Fund262.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV262.0m	AUM1.6b	#Funds3
Adviser TRANSWESTERN CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM73.7m	#Funds-
Adviser KA CREDIT ADVISORS II, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM395.2m	#Funds-

Brochure Summary

Overview

Description of Firm FlowStone Partners, LLC (“FlowStone”, the “Adviser”, “we”, “us”, or “our”) is a registered investment adviser primarily based in Avon, CT. It is organized as a limited liability company (“LLC”) under the laws of the State of Delaware and has been providing investment advisory services since July 31, 2019. FlowStone is primarily owned by FlowStone Investors, LLC. FlowStone Partners, LLC is indirectly owned by Cresset Manager, LLC. FlowStone provides investment advice to two pooled investment vehicles: 1. A closed-end registered investment company (the “Registered Fund”): FlowStone Opportunity Fund, a Delaware statutory trust that is registered under the U.S. Investment Company Act of 1940, as amended, as a non-diversified, closed- end management investment company, and; 2. A privately offered fund (the “Offshore Fund”): FlowStone Opportunity Offshore Fund (Lux) SCSp, a Luxembourg special limited partnership (société en commandite spéciale). The Offshore Fund was formed to invest substantially all of its assets in the FlowStone Opportunity Fund: that is, the Offshore Fund was created for offshore investors who elect to invest in the FlowStone Opportunity Fund through an offshore feeder vehicle. (Further detail about FlowStone Partners, LLC’s relationship with the FlowStone Opportunity Fund and the Offshore Fund is available in those funds’ respective offering documents.) Together, the Registered Fund and the Offshore Fund are known as FlowStone’s “Clients” or the “Funds”. It is important to

note that the underlying investors or shareholders in the Funds are not clients of FlowStone and such underlying investors do not have discretion or input as to the selection of holdings in the Funds, nor the timing of any purchases or sales in the Funds. Assets Under Management As of December 31, 2023, we provide continuous management services for $710,500,000 in client assets on a discretionary basis. Portfolio Management Services FlowStone tailors its advisory services to the specific investment objectives and restrictions as determined by its Clients. FlowStone manages each Client in accordance with the relevant limited partnership agreement, investment advisory agreement, offering memorandum, prospectus or other applicable governing document (collectively, “Offering Documents”), where applicable. FlowStone does not tailor its investment advisory services to meet the individual needs of an underlying investor or shareholders in the Funds because the Funds will have distinct investment guidelines and requirements that FlowStone must follow per applicable Offering Documents. Types of Investments We currently provide investment advice to only the Registered Fund and Offshore Fund. Such advice primarily consists of the selection of private equity investments. We do not provide tailored advice to underlying investors or shareholders in our Funds. We currently do not provide advice with respect to brokered securities. We manage the Funds in accordance with their respective Offering Documents.

FLOWSTONE PARTNERS, LLC

FLOWSTONE PARTNERS, LLC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

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FLOWSTONE PARTNERS, LLC FLOWSTONE PARTNERS, LLC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

FLOWSTONE PARTNERS, LLC

FLOWSTONE PARTNERS, LLC