# EDGAR Filing Document

**Accession Number:** 0001741739
**File Stem:** 0001193125-26-083087
**Filing Date:** 2026-2
**Character Count:** 71561
**Document Hash:** 7df2e9f9ce292856ffc60953f88f09ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-083087.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001193125-26-083087

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FlowStone Opportunity Fund
- **CENTRAL INDEX KEY:** 0001741739

**ORGANIZATION NAME:**
- **EIN:** 364909711
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23352
- **FILM NUMBER:** 26701393

**BUSINESS ADDRESS:**
- **STREET 1:** 55 NOD ROAD
- **STREET 2:** SUITE 120
- **CITY:** AVON
- **STATE:** CT
- **ZIP:** 06001
- **BUSINESS PHONE:** 312-429-2419

**MAIL ADDRESS:**
- **STREET 1:** 55 NOD ROAD
- **STREET 2:** SUITE 120
- **CITY:** AVON
- **STATE:** CT
- **ZIP:** 06001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cresset Private Markets Opportunity Fund
- **DATE OF NAME CHANGE:** 20190130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cresset Private Equity Opportunity Fund
- **DATE OF NAME CHANGE:** 20180523

## Nport-Ex

**FlowStone Opportunity Fund**

**Consolidated Schedule of Investments**

**December 31, 2025 (Unaudited)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment Funds\*** | **Geographic<br> Region\*\*** | **Investment<br> Strategy** | **Cost** | **Fair Value** | **% of Net<br> Assets** | **Original<br> Acquisition Date** |
| **Co-Investments** |  |  |  |  |  |  |
| MDCP Co-Investors (Jade I), L.P.<sup>(a)</sup> | Western Europe | Leveraged Buyout | $10871750 | $13644323 | 1.78% | 4/29/2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Co-Investments (Cost $10,871,750) (1.78%)\*\*\*** |  |  |  | 13644323 |  |  |
| **Primary Investments** |  |  |  |  |  |  |
| Apax X USD, L.P. | Guernsey | Leveraged Buyout | $2131860 | $2691809 | 0.35% | 3/3/2020 |
| Apax XI USD, L.P.<sup>(a)</sup> | Guernsey | Leveraged Buyout | 2851768 | 3232380 | 0.42% | 6/30/2022 |
| Arlington Capital Partners VI, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 7583039 | 10482060 | 1.37% | 12/15/2023 |
| Audax Private Equity Junior Capital Fund II, L.P. | North America | Private Equity Fund | 367050 | 380000 | 0.05% | 7/20/2023 |
| Berkshire Fund XI-TE, L.P. <sup>(a)(b)</sup> | North America | Leveraged Buyout | 977970 | 842657 | 0.11% | 6/28/2024 |
| Clayton, Dubilier & Rice Fund XII, L.P. | North America | Leveraged Buyout | 3653427 | 5205022 | 0.68% | 9/2/2022 |
| Clearlake Capital Partners VII (USTE), L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 7158077 | 7909499 | 1.03% | 10/29/2021 |
| CVC Capital Partners IX (A) L.P. | North America | Leveraged Buyout | 3311719 | 3697728 | 0.48% | 6/12/2023 |
| Fin VC Flagship II, LP<sup>(a)</sup> | North America | Venture | 2777868 | 2962195 | 0.39% | 5/6/2021 |
| Great Hill Equity Partners VIII, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 3882743 | 3665547 | 0.48% | 1/31/2022 |
| Kohlberg Investors X, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 4443453 | 5020012 | 0.65% | 6/30/2023 |
| Liquid Stock I, L.P.<sup>(a)</sup> | North America | Private Equity Fund | 3384500 | 3761916 | 0.49% | 8/30/2019 |
| Madison Dearborn Capital Partners VIII-A, L.P. | North America | Leveraged Buyout | 4731018 | 4907777 | 0.64% | 6/21/2021 |
| New Mountain Partners VI, L.P. | North America | Leveraged Buyout | 2279011 | 3290574 | 0.43% | 4/21/2020 |
| New Mountain Partners VII, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 3581665 | 4252376 | 0.55% | 12/22/2023 |
| Platinum Equity Capital Partners VI, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 6139955 | 6900000 | 0.90% | 12/29/2023 |
| Sun Capital Partners VIII-A, L.P.<sup>(a)</sup> | Cayman | Leveraged Buyout | 4511533 | 5115022 | 0.67% | 6/30/2022 |
| The Veritas Capital Fund VIII, LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | 8627887 | 11109724 | 1.45% | 3/16/2022 |
| The Veritas Capital Fund IX, LP<sup>(a)</sup> | North America | Leveraged Buyout | 309729 | 30158 | 0.00% | 12/18/2024 |
| Trident Capital IX, L.P. | North America | Leveraged Buyout | 4091028 | 5360573 | 0.70% | 9/17/2021 |
| Trident X US Fund, L.P. <sup>(a)</sup> | North America | Leveraged Buyout | 48088 | (38207) | 0.00% | 5/19/2025 |
| Vista Equity Partners Fund VIII-A, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 5596672 | 7152990 | 0.93% | 8/24/2022 |
| Warburg Pincus Global Growth 14, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 7019935 | 9836034 | 1.27% | 1/31/2022 |
| &nbsp;&nbsp;&nbsp;**Total Primary Investments (Cost $89,459,995) (14.04%)\*\*\*** |  |  |  | 107767846 |  |  |
| **Secondary Investments** |  |  |  |  |  |  |
| AEA Investors Fund V LP <sup>(a)</sup> | North America | Leveraged Buyout | $508297 | $288296 | 0.04% | 1/1/2022 |
| AIC Credit Opportunities Partners Fund II, L.P. | North America | Private Credit | 1453580 | 776201 | 0.10% | 10/31/2019 |
| American Securities Partners VI, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 3021894 | 1574302 | 0.21% | 12/31/2021 |
| Ampersand CF Limited Partnership - Class A<sup>(a)</sup> | North America | Leveraged Buyout | 164850 | 1814847 | 0.24% | 10/29/2020 |
| Ampersand CF Limited Partnership - Class B<sup>(a)</sup> | North America | Leveraged Buyout | 276734 | 2882660 | 0.38% | 10/29/2020 |
| Arsenal Capital Partners III-B LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | 2097406 | 479481 | 0.06% | 1/1/2022 |
| Audax Mezzanine Fund III, L.P. | North America | Private Credit | 279733 | 180432 | 0.02% | 6/30/2021 |
| Audax Private Equity Fund III, L.P. | North America | Leveraged Buyout |  | 130000 | 0.02% | 6/30/2023 |
| Audax Private Equity Fund V-A, L.P. | North America | Leveraged Buyout | 12735459 | 9310000 | 1.21% | 6/30/2023 |
| Audax Private Equity Fund VI-A, L.P. | North America | Leveraged Buyout | 22345752 | 18500000 | 2.40% | 6/30/2023 |
| August Capital V, L.P.<sup>(a)</sup> | North America | Venture | 10066877 | 7380676 | 0.96% | 6/30/2022 |
| August Capital V Special Opportunities, L.P.<sup>(a)</sup> | North America | Venture | 11460 | 539127 | 0.07% | 6/30/2022 |
| Awz Pentera II, LLC<sup>(a)</sup> | North America | Venture | 10338601 | 18775000 | 2.44% | 8/24/2022 |
| Bain Capital Empire Holdings, L.P. - Class C<sup>(a)(b)</sup> | North America | Leveraged Buyout | 6723140 | 6796176 | 0.89% | 10/5/2022 |
| Bain Capital Venture Fund 2009, L.P.<sup>(a)(b)</sup> | North America | Venture | 5976404 | 1497064 | 0.20% | 6/30/2022 |
| BC European Capital IX, L.P. | Guernsey | Leveraged Buyout | 7995828 | 3647983 | 0.48% | 12/31/2020 |
| BC Partners Galileo (2) L.P. | Guernsey | Leveraged Buyout | 1839525 | 2276846 | 0.30% | 6/10/2021 |
| Brookfield Capital Partners V L.P. | North America | Leveraged Buyout | 24358609 | 29288025 | 3.83% | 6/30/2023 |
| Caltius Partners IV, L.P. | North America | Private Credit | 2790633 | 533380 | 0.07% | 6/30/2021 |
| Canaan VII, L.P.<sup>(a)</sup> | North America | Venture |  | 349919 | 0.05% | 12/31/2019 |
| Carlyle Europe Partners IV, L.P.<sup>(a)</sup> | United Kingdom | Leveraged Buyout | 1392494 | 867973 | 0.11% | 12/31/2021 |
| Carlyle Partners VI, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 2094502 | 341873 | 0.04% | 12/31/2021 |
| Castle Harlan Partners V & AIV<sup>(a)(b)(c)</sup> | North America | Leveraged Buyout | 737815 | 81667 | 0.01% | 9/30/2021 |
| Cerberus Institutional Partners VI, L.P. | North America | Leveraged Buyout | 424601 | 1125450 | 0.15% | 7/30/2021 |
| Charles River Partnership XIV, LP<sup>(a)</sup> | North America | Venture | 939206 | 264274 | 0.03% | 6/30/2022 |
| Clarus Lifesciences II, L.P. | North America | Venture |  | 315852 | 0.04% | 6/30/2022 |
| Clayton, Dubilier & Rice Fund IX, L.P. | North America | Leveraged Buyout | 6232341 | 1999281 | 0.26% | 12/31/2021 |
| Columbia Capital Equity Partners V (QP), L.P.<sup>(a)</sup> | North America | Venture | 4933543 | 9527868 | 1.24% | 6/30/2022 |
| Court Square Capital Partners (Offshore) III, L.P. | North America | Leveraged Buyout | 4419571 | 2346151 | 0.31% | 12/31/2021 |
| CRG Partners III (Holdings I) L.P.<sup>(a)(b)</sup> | North America | Private Credit | 341326 | 152235 | 0.02% | 6/30/2021 |
| Crosslink Ventures V, L.P.<sup>(a)(b)(c)</sup> | North America | Venture | 338990 | 414304 | 0.05% | 1/1/2020 |
| CVC Capital Partners VI (A) L.P. | Jersey | Leveraged Buyout | 5105622 | 2668742 | 0.35% | 1/1/2022 |
| Dace Ventures I, L.P.<sup>(a)</sup> | North America | Venture | 304071 | 181748 | 0.02% | 12/31/2019 |
| DBAG Fund VI (Guernsey) L.P.<sup>(a)</sup> | Guernsey | Leveraged Buyout | 1491060 | 756548 | 0.10% | 12/31/2021 |
| DFJ Growth 2006 Continuation, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1497477 | 36034215 | 4.70% | 12/31/2019 |
| EagleTree Partners IV, LP | North America | Leveraged Buyout | 1245301 | 871793 | 0.11% | 6/30/2021 |
| EnerTech Capital Partners III, L.P.<sup>(a)(b)</sup> | North America | Venture | 128580 | 3895 | 0.00% | 12/31/2019 |
| Falcon Strategic Partners III, L.P.<sup>(a)</sup> | North America | Private Credit | 1464069 | 1806179 | 0.24% | 6/30/2021 |
| Fin Venture Capital I, L.P.<sup>(a)</sup> | North America | Venture | 3674232 | 10068640 | 1.31% | 6/30/2020 |
| Flexpoint Fund II, L.P.<sup>(b)(d)</sup> | North America | Venture | 1404575 | 2105713 | 0.27% | 6/30/2022 |
| Flybridge Capital Partners III, LP<sup>(a)</sup> | North America | Venture | 10332308 | 4389873 | 0.57% | 6/30/2022 |
| Francisco Partners III (Cayman), L.P.<sup>(a)</sup> | Cayman | Leveraged Buyout |  | 385630 | 0.05% | 12/31/2020 |
| Francisco Partners III (Domestic AIV), L.P.<sup>(a)</sup> | North America | Leveraged Buyout |  | 140915 | 0.02% | 12/31/2020 |
| Francisco Partners III, L.P.<sup>(a)</sup> | North America | Leveraged Buyout |  | 541666 | 0.07% | 12/31/2020 |
| GF Capital Private Equity Fund II-B, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 6450956 | 4687081 | 0.61% | 12/31/2021 |
| GTCR Evergreen Fund I/C LP | North America | Leveraged Buyout | 5151260 | 8510458 | 1.11% | 3/31/2023 |
| Hony Capital Fund V, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1392656 | 779651 | 0.10% | 1/31/2022 |
| ICG Ludgate Hill IB SCSp<sup>(a)(b)</sup> | Luxembourg | Leveraged Buyout |  | 11541546 | 1.50% | 6/22/2021 |
| ICG Ludgate Hill IIIA Porsche LP<sup>(a)</sup> | Luxembourg | Leveraged Buyout | 13588895 | 28244220 | 3.68% | 9/26/2022 |
| Icon Partners IV, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 8963275 | 10727391 | 1.40% | 5/21/2021 |
| Icon Partners V C, L.P. | North America | Leveraged Buyout | 8019188 | 10227396 | 1.33% | 8/27/2021 |
| IK VII Fund<sup>(a)</sup> | Jersey | Leveraged Buyout |  | 3136 | 0.00% | 12/31/2021 |
| Institutional Venture Partners XIV, L.P.<sup>(b)</sup> | North America | Venture | 2399235 | 616800 | 0.08% | 12/31/2021 |
| Intermediate Capital Asia Pacific Fund 2008, L.P.<sup>(a)(b)</sup> | Jersey | Private Credit | 297818 | 482768 | 0.06% | 6/30/2021 |
| JFL-NG Continuation Fund, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 2824861 | 5700000 | 0.74% | 10/27/2021 |
| KKR Americas Fund XII L.P. (Ranger) | North America | Leveraged Buyout | 3726446 | 4888631 | 0.64% | 3/28/2024 |
| KKR Americas Fund XII L.P. (ST) | North America | Leveraged Buyout | 18496092 | 23688741 | 3.09% | 3/28/2024 |
| KKR Asian Fund III L.P. | North America | Leveraged Buyout | 3427472 | 3923430 | 0.51% | 3/28/2024 |
| KKR Health Care Strategic Growth Fund L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 1934163 | 2353826 | 0.31% | 3/28/2024 |
| KKR North America Fund XI L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 1184056 | 1685124 | 0.22% | 3/28/2024 |
| Kohlberg TE Investors VIII-B, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 25779279 | 29640962 | 3.86% | 12/30/2022 |
| LEP Opportunities II, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 9637797 | 10400000 | 1.36% | 6/27/2022 |
| Lightspeed Ascent Fund, L.P.<sup>(a)</sup> | North America | Venture | 17959621 | 24464126 | 3.19% | 11/13/2024 |
| Lincolnshire Equity Fund IV-A, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 1768488 | 1837000 | 0.24% | 12/31/2020 |
| Littlejohn Fund IV, LP<sup>(b)</sup> | North America | Leveraged Buyout |  | 88595 | 0.01% | 9/30/2021 |
| Lord Investment S.a r.l. (Valextra SpA)<sup>(a)(b)(e)</sup> | Western Europe | Leveraged Buyout | 1896624 | 162095 | 0.02% | 3/31/2022 |
| Madison Dearborn Capital Partners VII-A, L.P. | North America | Leveraged Buyout | 6957395 | 8140187 | 1.06% | 9/27/2024 |
| Madison Dearborn Capital Partners VIII, L.P. (Sol) | North America | Leveraged Buyout | 4278910 | 4907777 | 0.64% | 9/27/2024 |
| MDCP Insurance SPV, L.P. | North America | Leveraged Buyout | 8044308 | 14210558 | 1.85% | 4/24/2023 |
| MDCP VII Auxiliary SPV, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 725012 | 1103810 | 0.14% | 9/27/2024 |
| MDV IX, L.P.<sup>(a)</sup> | North America | Venture | 6134654 | 7202477 | 0.94% | 12/31/2020 |
| Milestone Partners FS LP<sup>(a)</sup> | North America | Leveraged Buyout | 1537850 | 691076 | 0.09% | 12/31/2021 |
| Milestone Partners IV, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 1610840 | 1440169 | 0.19% | 12/31/2021 |
| Morgenthaler Venture Partners IX, LP<sup>(a)</sup> | North America | Venture | 143443 | 333273 | 0.04% | 12/31/2020 |
| NEO Capital Private Equity Fund II L.P.<sup>(a)</sup> | Western Europe | Fund of Funds | 1884820 | 2370296 | 0.31% | 1/18/2022 |
| New Enterprise Associates 13, L.P.<sup>(a)</sup> | North America | Venture | 5340088 | 3634906 | 0.47% | 1/3/2023 |
| NYLCAP Mezzanine Offshore Partners III, L.P. | North America | Private Credit | 609757 | 10335 | 0.00% | 6/30/2021 |
| Oaktree European Principal Fund III (U.S.), L.P.<sup>(a)</sup> | North America | Private Credit | 1149338 | 389821 | 0.05% | 11/1/2021 |
| Onex Partners III LP | North America | Leveraged Buyout | 314623 | 551276 | 0.07% | 10/1/2021 |
| Park Square Capital Partners II, L.P. | Guernsey | Private Credit | 1682432 | 434649 | 0.06% | 6/30/2021 |
| Parthenon Investors III, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 434543 | 964239 | 0.13% | 12/31/2019 |
| Peepul Capital Fund II LLC<sup>(a)(b)</sup> | Mauritius | Venture | 780497 | 1670402 | 0.22% | 6/30/2022 |
| Pegasus WSJLL Fund, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 8843167 | 10160000 | 1.32% | 12/14/2021 |
| Permira V<sup>(b)</sup> | Guernsey | Leveraged Buyout | 5012387 | 1228945 | 0.16% | 2/1/2022 |
| Platinum Equity Capital Partners III, L.P. | North America | Leveraged Buyout | 1072433 | 423000 | 0.06% | 3/31/2022 |
| PlayCore CV, L.P. | North America | Leveraged Buyout |  | 1072290 | 0.14% | 11/8/2024 |
| Point 406 Ventures I, L.P.<sup>(a)</sup> | North America | Venture | 1865426 | 558636 | 0.07% | 12/31/2019 |
| Pro SPV, LP | North America | Leveraged Buyout | 9738281 | 3295502 | 0.43% | 8/27/2021 |
| PT2-A, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 6515319 | 9218193 | 1.20% | 12/15/2021 |
| Raine Partners II, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 1512037 | 1500000 | 0.20% | 9/27/2024 |
| Raine Partners III, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 2395966 | 2500000 | 0.33% | 9/27/2024 |
| Redpoint Ventures IV, L.P.<sup>(a)(b)</sup> | North America | Venture | 3020976 | 1112181 | 0.14% | 12/31/2020 |
| Rembrandt Venture Partners Fund Two, L.P.<sup>(a)</sup> | North America | Venture | 922119 | 1176990 | 0.15% | 12/31/2019 |
| Reverence Capital Partners Opportunities Fund I, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1118664 | 1361655 | 0.18% | 12/31/2020 |
| Riverstone Global Energy and Power Fund VI, LP | North America | Leveraged Buyout | 13903 | 136514 | 0.02% | 6/30/2021 |
| Roark Capital Partners CF LP | North America | Leveraged Buyout | 10933940 | 17700000 | 2.31% | 8/19/2022 |
| Savant Growth Fund I, LP<sup>(a)</sup> | North America | Leveraged Buyout | 2062694 | 1290719 | 0.17% | 12/8/2020 |
| SEI Holding I LP<sup>(a)</sup> | North America | Leveraged Buyout | 911878 | 1707530 | 0.22% | 3/31/2022 |
| StepStone Real Estate Partners III, L.P.<sup>(b)</sup> | North America | Fund of Funds | 36946 | 43667 | 0.01% | 6/30/2021 |
| Summit Partners Growth Equity Fund IX-A, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 2677312 | 1793041 | 0.23% | 6/30/2021 |
| Summit Partners Subordinated Debt IV-B, L.P.<sup>(a)</sup> | North America | Private Credit | 571962 | 129088 | 0.02% | 6/30/2021 |
| TA XII-B, L.P. | North America | Leveraged Buyout | 13015461 | 13670236 | 1.78% | 6/30/2023 |
| TA Subordinated Debt Fund III, L.P.<sup>(a)</sup> | North America | Private Credit | 86573 | 77949 | 0.01% | 7/30/2021 |
| The Peninsula Fund V, L.P. | North America | Private Credit | 7751805 | 743226 | 0.10% | 7/1/2021 |
| The Resolute III Continuation Fund, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 2084745 | 2123538 | 0.28% | 9/20/2024 |
| The Veritas Capital Partners IV, LP<sup>(a)</sup> | North America | Leveraged Buyout | 27559 | 4216 | 0.00% | 1/1/2022 |
| TI IV R1 CF Reinvest, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 864512 | 1103803 | 0.14% | 12/11/2024 |
| TowerBrook Investors IV (OS), L.P. | North America | Leveraged Buyout | 3857625 | 916345 | 0.12% | 12/31/2021 |
| TZP Capital Partners I (PIV), LP<sup>(a)</sup> | North America | Leveraged Buyout | 85988 | 113652 | 0.01% | 4/7/2021 |
| TZP Capital Partners II-A (Blocker), LP<sup>(a)</sup> | North America | Leveraged Buyout | 637813 | 922731 | 0.12% | 4/7/2021 |
| TZP Small Cap Partners I-A (Blocker), LP<sup>(a)</sup> | North America | Leveraged Buyout | 300084 | 229908 | 0.03% | 4/7/2021 |
| Versant Venture Capital IV, L.P.<sup>(a)</sup> | North America | Venture | 6545505 | 288440 | 0.04% | 12/31/2020 |
| Vestar Capital Partners Rainforest, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 6884157 | 8055950 | 1.05% | 4/5/2024 |
| Warburg Pincus Financial Sector, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 15589904 | 12579244 | 1.64% | 6/30/2022 |
| Warburg Pincus Global Growth L.P. | North America | Leveraged Buyout | 11361638 | 22020037 | 2.87% | 6/30/2022 |
| Warburg Pincus Global Growth L.P. (ST) | North America | Leveraged Buyout | 16650786 | 22020037 | 2.87% | 3/21/2024 |
| Warburg Pincus Jovian FS, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 17804 | 2273110 | 0.30% | 12/3/2024 |
| Warburg Pincus Jovian GG, L.P. <sup>(a)</sup> | North America | Leveraged Buyout | 12112 | 4930284 | 0.64% | 12/3/2024 |
| Warburg Pincus Private Equity XII, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 14334793 | 10766814 | 1.40% | 6/30/2022 |
| WP Global Growth 14 Partners, L.P. (Ranger)<sup>(a)</sup> | North America | Leveraged Buyout | 1976772 | 2937961 | 0.38% | 3/27/2024 |
| WP Global Growth Partners L.P. (Ranger)<sup>(a)</sup> | North America | Leveraged Buyout | 2022293 | 2734360 | 0.36% | 3/27/2024 |
| WP XI Partners, L.P. | North America | Leveraged Buyout | 781968 | 717072 | 0.09% | 3/27/2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Secondary Investments (Cost $502,128,465) (75.95%)\*\*\*** |  |  |  | 582757992 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Investment Funds (Cost $602,460,210) (91.77%)\*\*\*** |  |  |  | $704170161 |  |  |
| **Short-Term Investment (8.50%)\*\*\*** |  |  |  | **Shares** |  | **Fair Value** |
| **Money Market Fund** |  |  |  |  |  |  |
| Morgan Stanley Institutional Liquidity Fund - Treasury Portfolio, 3.64% <sup>(f)</sup> |  |  |  | 65241168 |  | 65241168 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Money Market Fund (Cost $65,241,168) (8.50%)\*\*\*** |  |  |  |  |  | 65241168 |
| **Total Investments (Cost $667,701,378) (100.27%)\*\*\*** |  |  |  |  |  | **769411329** |
| Liabilities in excess of other assets (-0.27%)\*\*\* |  |  |  |  |  | (2056873) |
| **Net Assets - 100.00%\*\*\*** |  |  |  |  |  | **767354456** |

---

Primary Investments are investments in newly established private equity partnerships where underlying portfolio companies are not known as of the time of investment.

Secondary Investments are Private Equity Fund Investments generally acquired in the secondary market.

\* Restricted investments as to resale. Certain Investment Funds will distribute proceeds upon realization events and such proceeds are distributed at the discretion of the Investment Manager, as they become available.

\*\* The geographic region disclosed is based on where each Investment Fund is domiciled.

\*\*\* As a percentage of total net assets.

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> Fair valued by the Valuation Designee based on policies and procedures established by the Board of Trustees and considered a Level 3 investment. The total value of these investments is $96,550,921, which represents 12.58% of total net assets.

<sup>(c)</sup> The Investment Fund is liquidating its assets and is in the process of returning capital to its limited partners in a reasonable manner.

<sup>(d)</sup> This investment is made through the wholly owned subsidiary FlowStone Opportunity Fund (Blocker), LLC the "Subsidiary".

<sup>(e)</sup> The Fund invests indirectly in Valextra SpA through Lord Investments S.a.r.l.<br>

<sup>(f)</sup> The rate quoted is the annualized seven-day yield of the fund at the period end.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FLOWSTONE OPPORTUNITY FUND

- **b. Investment Company Act file number:** 811-23352

- **c. CIK number of Registrant:** 0001741739

- **d. LEI of Registrant:** 54930070WA2NYCEI1614

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 55 Nod Road

  - **City:** Avon

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06001

  - **Telephone number:** 3124292419

**Item A.2. Information about the Series.**

- **a. Name of Series:** FLOWSTONE OPPORTUNITY FUND

- **c. LEI of Series:** 54930070WA2NYCEI1614

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $762293763.68

**Total Liabilities:** $5315921.54

**Net Assets:** $756977842.15

**Cash Not Reported:** $65854390.29

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.00%                | 0.00%                | 2.16%                |
| Class ID N/A | 0.00%                | 0.00%                | 2.26%                |
| Class ID N/A | 0.00%                | 0.00%                | 2.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $8098580.02              | $10318141.31                               |

### Schedule of Portfolio Investments

| Name                                                  | Title                                                 | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| New Mountain Partners VII, L.P.                       | New Mountain Partners VII, L.P.                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3069407 | OU      | $3069407.00   | 0.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| NYLCAP Mezzanine Offshore Partners III, L.P.          | NYLCAP Mezzanine Offshore Partners III, L.P.          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     19723 | OU      | $19723.00     | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Oaktree European Principal Fund III (U.S.), L.P.      | Oaktree European Principal Fund III (U.S.), L.P.      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | DE        |    443642 | OU      | $443642.00    | 0.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| SEI Holding I LP                                      | SEI Holding I LP                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1707530 | OU      | $1707530.00   | 0.23%             |  |  |  | Yes           | N/A                | On Loan: No      |
| StepStone Real Estate Partners III, L.P.              | StepStone Real Estate Partners III, L.P.              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     55011 | OU      | $55011.00     | 0.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Summit Partners Growth Equity Fund IX-A, L.P.         | Summit Partners Growth Equity Fund IX-A, L.P.         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1755336 | OU      | $1755336.00   | 0.23%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Warburg Pincus Global Growth L.P.                     | Warburg Pincus Global Growth L.P.                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  22253784 | OU      | $22253784.50  | 2.94%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Warburg Pincus Global Growth L.P. (ST)                | Warburg Pincus Global Growth L.P. (ST)                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  22253784 | OU      | $22253784.50  | 2.94%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Warburg Pincus Jovian FS, L.P.                        | Warburg Pincus Jovian FS, L.P.                        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2104933 | OU      | $2104933.00   | 0.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AEA Investors Fund V LP                               | AEA Investors Fund V LP                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    296085 | OU      | $296085.00    | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AIC Credit Opportunities Partners Fund II L.P.        | AIC Credit Opportunities Partners Fund II L.P.        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    755266 | OU      | $755266.00    | 0.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| American Securities Partners VI, L.P.                 | American Securities Partners VI, L.P.                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1574302 | OU      | $1574302.00   | 0.21%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Brookfield Capital Partners V L.P.                    | Brookfield Capital Partners V L.P.                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  28567892 | OU      | $28567892.00  | 3.77%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Caltius Partners IV, L.P.                             | Caltius Partners IV, L.P.                             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3014313 | OU      | $3014313.00   | 0.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Canaan VII, L.P.                                      | Canaan VII, L.P.                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1036976 | OU      | $1036976.00   | 0.14%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Carlyle Europe Partners IV, L.P.                      | Carlyle Europe Partners IV, L.P.                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |    901955 | OU      | $901955.03    | 0.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Falcon Strategic Partners III, L.P.                   | Falcon Strategic Partners III, L.P.                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1772302 | OU      | $1772302.00   | 0.23%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Fin VC Flagship II, LP                                | Fin VC Flagship II, LP                                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2920722 | OU      | $2920722.32   | 0.39%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Fin Venture Capital I, L.P.                           | Fin Venture Capital I, L.P.                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  10324055 | OU      | $10324054.65  | 1.36%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Flexpoint Fund II (Cayman), L.P.                      | Flexpoint Fund II (Cayman), L.P.                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    187074 | OU      | $187074.00    | 0.02%             |  |  |  | Yes           | 3                  | On Loan: No      |
| KKR North America Fund XI L.P.                        | KKR North America Fund XI L.P.                        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1639438 | OU      | $1639438.00   | 0.22%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Kohlberg Investors X, L.P.                            | Kohlberg Investors X, L.P.                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3826207 | OU      | $3826207.00   | 0.51%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Kohlberg TE Investors VIII-B, L.P.                    | Kohlberg TE Investors VIII-B, L.P.                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  29949566 | OU      | $29949566.00  | 3.96%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Onex Partners III                                     | Onex Partners III                                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | CA        |    577188 | OU      | $577188.00    | 0.08%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Park Square Capital Partners II, L.P.                 | Park Square Capital Partners II, L.P.                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |    480395 | OU      | $480394.65    | 0.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Parthenon Investors III, L.P.                         | Parthenon Investors III, L.P.                         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1347483 | OU      | $1347483.00   | 0.18%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Peepul Capital Fund II LLC                            | Peepul Capital Fund II LLC                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | MU        |   1672719 | OU      | $1672719.00   | 0.22%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Pegasus WSJLL Fund, L.P.                              | Pegasus WSJLL Fund, L.P.                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  10180000 | OU      | $10180000.00  | 1.34%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Permira V                                             | Permira V                                             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   2010822 | OU      | $2010821.55   | 0.27%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Platinum Equity Capital Partners III, L.P.            | Platinum Equity Capital Partners III, L.P.            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    491895 | OU      | $491895.00    | 0.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Platinum Equity Capital Partners VI, L.P.             | Platinum Equity Capital Partners VI, L.P.             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5855766 | OU      | $5855766.00   | 0.77%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PlayCore CV, L.P.                                     | PlayCore CV, L.P.                                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    915057 | OU      | $915057.00    | 0.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Point 406 Ventures I, LP                              | Point 406 Ventures I, LP                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    523711 | OU      | $523711.00    | 0.07%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Pro SPV, LP                                           | Pro SPV, LP                                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   4328229 | OU      | $4328229.00   | 0.57%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PT2-A, L.P.                                           | PT2-A, L.P.                                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   8830569 | OU      | $8830569.00   | 1.17%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Raine Partners II, L.P.                               | Raine Partners II, L.P.                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3330097 | OU      | $3330097.00   | 0.44%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Raine Partners III, L.P.                              | Raine Partners III, L.P.                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2651063 | OU      | $2651063.00   | 0.35%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Redpoint Ventures IV, L.P.                            | Redpoint Ventures IV, L.P.                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1397307 | OU      | $1397307.00   | 0.18%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Rembrandt Venture Partners Fund Two, L.P.             | Rembrandt Venture Partners Fund Two, L.P.             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1035268 | OU      | $1035268.00   | 0.14%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Reverence Capital Partners Opportunities Fund I, L.P. | Reverence Capital Partners Opportunities Fund I, L.P. | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1344667 | OU      | $1344666.57   | 0.18%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Riverstone Global Energy and Power Fund VI, LP        | Riverstone Global Energy and Power Fund VI, LP        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    254433 | OU      | $254433.00    | 0.03%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Roark Capital Partners CF LP                          | Roark Capital Partners CF LP                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  17646650 | OU      | $17646649.59  | 2.33%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Savant Growth Fund I, LP                              | Savant Growth Fund I, LP                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1290719 | OU      | $1290719.00   | 0.17%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Summit Partners Subordinated Debt IV-B, L.P.          | Summit Partners Subordinated Debt IV-B, L.P.          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    128923 | OU      | $128923.00    | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Sun Capital Partners VIII-A, L.P.                     | Sun Capital Partners VIII-A, L.P.                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5115022 | OU      | $5115022.00   | 0.68%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TA Subordinated Debt Fund III, L.P.                   | TA Subordinated Debt Fund III, L.P.                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     73750 | OU      | $73750.00     | 0.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TA XII-B, L.P.                                        | TA XII-B, L.P.                                        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  14698094 | OU      | $14698094.00  | 1.94%             |  |  |  | Yes           | N/A                | On Loan: No      |
| The Peninsula Fund V, L.P.                            | The Peninsula Fund V, L.P.                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   4137089 | OU      | $4137089.00   | 0.55%             |  |  |  | Yes           | N/A                | On Loan: No      |
| The Resolute III Continuation Fund, L.P.              | The Resolute III Continuation Fund, L.P.              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2110358 | OU      | $2110358.00   | 0.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| The Veritas Capital Fund IV, LP                       | The Veritas Capital Fund IV, LP                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |      4216 | OU      | $4216.00      | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| The Veritas Capital Fund IX, LP                       | The Veritas Capital Fund IX, LP                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     30158 | OU      | $30158.00     | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| The Veritas Capital Fund VIII, LP                     | The Veritas Capital Fund VIII, LP                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  10604620 | OU      | $10604620.00  | 1.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TI IV R1 CF Reinvest, L.P                             | TI IV R1 CF Reinvest, L.P                             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1035339 | OU      | $1035339.00   | 0.14%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TowerBrook Investors IV (OS), L.P.                    | TowerBrook Investors IV (OS), L.P.                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    989770 | OU      | $989770.00    | 0.13%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Trident Capital IX, L.P.                              | Trident Capital IX, L.P.                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5376678 | OU      | $5376678.00   | 0.71%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TZP Capital Partners I (PIV), LP                      | TZP Capital Partners I (PIV), LP                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    117882 | OU      | $117882.00    | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TZP Capital Partners II-A (Blocker), LP               | TZP Capital Partners II-A (Blocker), LP               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    913990 | OU      | $913990.00    | 0.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TZP Small Cap Partners I-A (Blocker), LP              | TZP Small Cap Partners I-A (Blocker), LP              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    220153 | OU      | $220153.00    | 0.03%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Versant Venture Capital IV, L.P.                      | Versant Venture Capital IV, L.P.                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    302050 | OU      | $302050.00    | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Vestar Capital Partners Rainforest, L.P.              | Vestar Capital Partners Rainforest, L.P.              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   8064521 | OU      | $8064521.00   | 1.07%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Vista Equity Partners Fund VIII-A, L.P.               | Vista Equity Partners Fund VIII-A, L.P.               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   7103549 | OU      | $7103549.00   | 0.94%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Warburg Pincus Financial Sector, L.P.                 | Warburg Pincus Financial Sector, L.P.                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  12508342 | OU      | $12508342.00  | 1.65%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Warburg Pincus Global Growth 14, L.P.                 | Warburg Pincus Global Growth 14, L.P.                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   9027259 | OU      | $9027259.00   | 1.19%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Warburg Pincus Jovian GG, L.P.                        | Warburg Pincus Jovian GG, L.P.                        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5114600 | OU      | $5114600.00   | 0.68%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Warburg Pincus Private Equity XII, L.P.               | Warburg Pincus Private Equity XII, L.P.               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  11028019 | OU      | $11028019.00  | 1.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| WP Global Growth 14 Partners, L.P. (Ranger)           | WP Global Growth 14 Partners, L.P. (Ranger)           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2696163 | OU      | $2696163.00   | 0.36%             |  |  |  | Yes           | N/A                | On Loan: No      |
| WP Global Growth Partners L.P. (Ranger)               | WP Global Growth Partners L.P. (Ranger)               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2763915 | OU      | $2763915.00   | 0.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| WP XI Partners, L.P.                                  | WP XI Partners, L.P.                                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    889073 | OU      | $889073.00    | 0.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Ampersand CF Limited Partnership - Class A            | Ampersand CF Limited Partnership - Class A            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1813109 | OU      | $1813108.68   | 0.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Ampersand CF Limited Partnership - Class B            | Ampersand CF Limited Partnership - Class B            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2884400 | OU      | $2884400.32   | 0.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Apax X USD, L.P.                                      | Apax X USD, L.P.                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   2886813 | OU      | $2886813.00   | 0.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Apax XI USD L.P.                                      | Apax XI USD L.P.                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   3080642 | OU      | $3080642.00   | 0.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Arlington Capital Partners VI, L.P.                   | Arlington Capital Partners VI, L.P.                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  10409265 | OU      | $10409265.00  | 1.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Arsenal Capital Partners III-B LP                     | Arsenal Capital Partners III-B LP                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    665000 | OU      | $665000.00    | 0.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Audax Mezzanine Fund III, L.P.                        | Audax Mezzanine Fund III, L.P.                        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    186905 | OU      | $186905.00    | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Audax Private Equity Fund III, L.P.                   | Audax Private Equity Fund III, L.P.                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    120534 | OU      | $120534.00    | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Audax Private Equity Fund V-A, L.P.                   | Audax Private Equity Fund V-A, L.P.                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   9035065 | OU      | $9035065.00   | 1.19%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Audax Private Equity Fund VI-A, L.P.                  | Audax Private Equity Fund VI-A, L.P.                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  18640398 | OU      | $18640398.00  | 2.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Audax Private Equity Junior Capital Fund II, L.P.     | Audax Private Equity Junior Capital Fund II, L.P.     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    289244 | OU      | $289244.00    | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| August Capital V Special Opportunities, L.P.          | August Capital V Special Opportunities, L.P.          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    540327 | OU      | $540327.00    | 0.07%             |  |  |  | Yes           | N/A                | On Loan: No      |
| August Capital V, L.P.                                | August Capital V, L.P.                                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   7610640 | OU      | $7610640.00   | 1.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Awz Pentera II, LLC                                   | Awz Pentera II, LLC                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | CA        |  18787043 | OU      | $18787043.00  | 2.48%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Bain Capital Empire Holdings Class C                  | Bain Capital Empire Holdings Class C                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   6796176 | OU      | $6796176.00   | 0.90%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Bain Capital Europe III, L.P.                         | Bain Capital Europe III, L.P.                         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |      2904 | OU      | $2904.16      | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Bain Capital Venture Fund 2009, L.P.                  | Bain Capital Venture Fund 2009, L.P.                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    933063 | OU      | $933063.00    | 0.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BC European Capital IX                                | BC European Capital IX                                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   4443543 | OU      | $4443542.59   | 0.59%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BC Partners Galileo (2) L.P.                          | BC Partners Galileo (2) L.P.                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   2684170 | OU      | $2684170.10   | 0.35%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Berkshire Fund XI-TE, L.P.                            | Berkshire Fund XI-TE, L.P.                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    -91273 | OU      | $-91273.00    | -0.01%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Carlyle Partners VI, L.P.                             | Carlyle Partners VI, L.P.                             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    619978 | OU      | $619978.00    | 0.08%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Castle Harlan Partners V & AIV                        | Castle Harlan Partners V & AIV                        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     81667 | OU      | $81667.00     | 0.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Cerberus Institutional Partners VI, L.P.              | Cerberus Institutional Partners VI, L.P.              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1131490 | OU      | $1131490.00   | 0.15%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Charles River Partnership XIV, LP                     | Charles River Partnership XIV, LP                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    264169 | OU      | $264169.00    | 0.03%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Clarus Lifesciences II, L.P.                          | Clarus Lifesciences II, L.P.                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    309017 | OU      | $309016.58    | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Clayton,Dubilier & Rice Fund IX, LP                   | Clayton,Dubilier & Rice Fund IX, LP                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2221533 | OU      | $2221533.00   | 0.29%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Clayton,Dubilier & Rice Fund XII, LP                  | Clayton,Dubilier & Rice Fund XII, LP                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5440716 | OU      | $5440716.00   | 0.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Clearlake Capital Partners VII (USTE), L.P.           | Clearlake Capital Partners VII (USTE), L.P.           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   7906580 | OU      | $7906580.00   | 1.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Columbia Capital Equity Partners V (QP), L.P.         | Columbia Capital Equity Partners V (QP), L.P.         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   7699577 | OU      | $7699577.00   | 1.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Court Square Capital Partners (Offshore) III, L.P.    | Court Square Capital Partners (Offshore) III, L.P.    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2347409 | OU      | $2347409.00   | 0.31%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CRG Partners III (Holdings I) L.P.                    | CRG Partners III (Holdings I) L.P.                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    188891 | OU      | $188891.00    | 0.02%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Crosslink Ventures V, L.P.                            | Crosslink Ventures V, L.P.                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    414304 | OU      | $414304.00    | 0.05%             |  |  |  | Yes           | 3                  | On Loan: No      |
| CVC Capital Partners IX (A) L.P.                      | CVC Capital Partners IX (A) L.P.                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   1802644 | OU      | $1802644.27   | 0.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CVC Capital Partners VI (A) L.P.                      | CVC Capital Partners VI (A) L.P.                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   3585459 | OU      | $3585459.17   | 0.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Dace Ventures I, LP                                   | Dace Ventures I, LP                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    292500 | OU      | $292500.00    | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| DBAG Fund VI (Guernsey) L.P.                          | DBAG Fund VI (Guernsey) L.P.                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | DE        |    786282 | OU      | $786282.43    | 0.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| DFJ Growth 2006 Continuation, L.P.                    | DFJ Growth 2006 Continuation, L.P.                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  18017107 | OU      | $18017107.00  | 2.38%             |  |  |  | Yes           | 3                  | On Loan: No      |
| EagleTree Partners IV, LP                             | EagleTree Partners IV, LP                             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1106239 | OU      | $1106239.00   | 0.15%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EnerTech Capital Partners III, L.P.                   | EnerTech Capital Partners III, L.P.                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |      3895 | OU      | $3895.00      | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Flexpoint Fund II, L.P.                               | Flexpoint Fund II, L.P.                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2370619 | OU      | $2370619.00   | 0.31%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Flybridge Capital Partners III, LP                    | Flybridge Capital Partners III, LP                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   4509450 | OU      | $4509450.00   | 0.60%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Francisco Partners III, L.P.                          | Francisco Partners III, L.P.                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1068211 | OU      | $1068211.00   | 0.14%             |  |  |  | Yes           | N/A                | On Loan: No      |
| GF Capital Private Equity Fund II-B, L.P.             | GF Capital Private Equity Fund II-B, L.P.             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   4691802 | OU      | $4691802.00   | 0.62%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Great Hill Equity Partners VIII, L.P.                 | Great Hill Equity Partners VIII, L.P.                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3509492 | OU      | $3509492.00   | 0.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| GTCR Evergreen Fund I/C LP                            | GTCR Evergreen Fund I/C LP                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   8472791 | OU      | $8472791.00   | 1.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Hony Capital Fund V, L.P.                             | Hony Capital Fund V, L.P.                             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | CN        |    990111 | OU      | $990111.33    | 0.13%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ICG Ludgate Hill IB SCSp                              | ICG Ludgate Hill IB SCSp                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | LU        |  12500351 | OU      | $12500351.06  | 1.65%             |  |  |  | Yes           | 3                  | On Loan: No      |
| ICG Ludgate Hill IIIA Porsche LP                      | ICG Ludgate Hill IIIA Porsche LP                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  29414767 | OU      | $29414767.00  | 3.89%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Icon Partners IV, L.P.                                | Icon Partners IV, L.P.                                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  10669713 | OU      | $10669713.00  | 1.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Icon Partners V, L.P.                                 | Icon Partners V, L.P.                                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  10595018 | OU      | $10595018.00  | 1.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| IK VII Fund                                           | IK VII Fund                                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |     45703 | OU      | $45703.38     | 0.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Institutional Venture Partners XIV, L.P               | Institutional Venture Partners XIV, L.P               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    647885 | OU      | $647885.00    | 0.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Intermediate Capital Asia Pacific Fund 2008, L.P.     | Intermediate Capital Asia Pacific Fund 2008, L.P.     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | CN        |    482768 | OU      | $482768.00    | 0.06%             |  |  |  | Yes           | 3                  | On Loan: No      |
| JFL-NG Continuation Fund, L.P.                        | JFL-NG Continuation Fund, L.P.                        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5705745 | OU      | $5705745.00   | 0.75%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Americas Fund XII L.P. (Ranger)                   | KKR Americas Fund XII L.P. (Ranger)                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5063230 | OU      | $5063230.00   | 0.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Americas Fund XII L.P. (ST)                       | KKR Americas Fund XII L.P. (ST)                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  24560490 | OU      | $24560490.00  | 3.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Asian Fund III L.P.                               | KKR Asian Fund III L.P.                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   4178642 | OU      | $4178642.00   | 0.55%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Health Care Strategic Growth Fund L.P.            | KKR Health Care Strategic Growth Fund L.P.            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2771300 | OU      | $2771300.00   | 0.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LEP Opportunities II, L.P.                            | LEP Opportunities II, L.P.                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  11810180 | OU      | $11810180.00  | 1.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Lightspeed Ascent Fund, L.P.                          | Lightspeed Ascent Fund, L.P.                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  22932592 | OU      | $22932592.00  | 3.03%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Lincolnshire Equity Fund IV-A, L.P.                   | Lincolnshire Equity Fund IV-A, L.P.                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2333433 | OU      | $2333433.00   | 0.31%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Liquid Stock I, LP                                    | Liquid Stock I, LP                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3761916 | OU      | $3761916.00   | 0.50%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Littlejohn Fund IV, LP                                | Littlejohn Fund IV, LP                                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     86368 | OU      | $86368.00     | 0.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Lord Investment S.a r.l. (Valextra SpA)               | Lord Investment S.a r.l. (Valextra SpA)               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |    373141 | OU      | $373141.20    | 0.05%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Madison Dearborn Capital Partners VII-A, L.P.         | Madison Dearborn Capital Partners VII-A, L.P.         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   7930059 | OU      | $7930059.00   | 1.05%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Madison Dearborn Capital Partners VIII-A, L.P.        | Madison Dearborn Capital Partners VIII-A, L.P.        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5109785 | OU      | $5109785.00   | 0.68%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Madison Dearborn Capital Partners VIII, L.P. (Sol)    | Madison Dearborn Capital Partners VIII, L.P. (Sol)    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5109785 | OU      | $5109785.00   | 0.68%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MDCP Co-Investors (Jade I), L.P.                      | MDCP Co-Investors (Jade I), L.P.                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  12332826 | OU      | $12332825.83  | 1.63%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MDCP Insurance SPV, L.P.                              | MDCP Insurance SPV, L.P.                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  13856876 | OU      | $13856876.00  | 1.83%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MDCP VII Auxiliary SPV, L.P.                          | MDCP VII Auxiliary SPV, L.P.                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    971110 | OU      | $971110.00    | 0.13%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MDV IX, L.P.                                          | MDV IX, L.P.                                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1555701 | OU      | $1555701.00   | 0.21%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MDV IX, L.P. (Owl)                                    | MDV IX, L.P. (Owl)                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5444966 | OU      | $5444966.00   | 0.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Milestone Partners FS                                 | Milestone Partners FS                                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    635535 | OU      | $635535.00    | 0.08%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Milestone Partners IV                                 | Milestone Partners IV                                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1620540 | OU      | $1620540.00   | 0.21%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Morgenthaler Venture Partners IX, LP                  | Morgenthaler Venture Partners IX, LP                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    291144 | OU      | $291144.00    | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| NEO Capital Private Equity Fund II L.P.               | NEO Capital Private Equity Fund II L.P.               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   2699180 | OU      | $2699180.23   | 0.36%             |  |  |  | Yes           | N/A                | On Loan: No      |
| New Enterprise Associates 13, L.P.                    | New Enterprise Associates 13, L.P.                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3781332 | OU      | $3781332.00   | 0.50%             |  |  |  | Yes           | N/A                | On Loan: No      |
| New Mountain Partners VI, L.P.                        | New Mountain Partners VI, L.P.                        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3275793 | OU      | $3275793.00   | 0.43%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Trident X US Fund, L.P.                               | Trident X US Fund, L.P.                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    -34600 | OU      | $-34600.00    | -0.00%            |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2026-01-15

**Name of Applicant:** FLOWSTONE OPPORTUNITY FUND

**Signature:** /s/ Trent Statczar

**Name of Signer:** Trent Statczar

**Title:** Principal Financial Officer