Willis Towers Watson (WTW) announced on December 1, 2025 that it will acquire FlowStone Partners, LLC, a specialist alternative investment firm focused on private equity secondaries for individual and institutional clients.
The transaction is expected to close in early 2026 and is subject to shareholder approval of FlowStone’s managed fund and customary closing conditions; the financial terms of the deal have not been disclosed.
The acquisition expands WTW’s private markets offering, giving the company deeper access to high‑quality private equity opportunities and enhancing its ability to serve wealth‑management clients with liquid secondary structures. FlowStone’s expertise in secondaries complements WTW’s global scale, sourcing network, and research capabilities.
WTW’s Investments business manages $4.7 trillion in assets under advisory and $178.8 billion in assets under management; the addition of FlowStone’s secondaries platform strengthens WTW’s Wealth segment and broadens its alternative investment solutions.
Diya Luke, global head of Investments at WTW, said the deal expands the opportunity set for investors and delivers differentiated private‑market solutions, while Scott Conners, President of FlowStone, highlighted the synergy of bringing FlowStone’s experience to WTW’s alternative investment platform.
The announcement was noted by investors, reflecting recognition of the strategic expansion into private equity secondaries and the growing demand for alternative assets. WTW has recently met or exceeded earnings expectations, with Q3 2025 adjusted EPS of $3.07 beating forecasts by $0.02 and revenue of $2.3 billion beating forecasts by $30 million, underscoring the company’s strong execution and the strategic fit of the acquisition.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.