Core Insights - WTW has announced the acquisition of FlowStone Partners, enhancing its capabilities in private equity secondaries for both individual and institutional investors [1][2][4] Company Overview - WTW is a global advisory and solutions company with a focus on risk assessment, strategic asset allocation, fiduciary management, and investment manager selection, managing over US$178.8 billion in assets [7] - FlowStone Partners specializes in private equity secondaries investing, known for its innovative portfolio construction and risk management [10] Strategic Implications - The acquisition aims to expand access to high-quality private markets through liquid structures, thereby improving long-term outcomes for investors [3][5] - Combining FlowStone's expertise with WTW's global scale and research capabilities positions the company to meet evolving investor needs in the growing private equity market [4][5] Transaction Details - The acquisition is subject to approval from FlowStone's managed fund shareholders and independent trustee board, with completion expected by early 2026 [6]