# EDGAR Filing Document

**Accession Number:** 0001741739
**File Stem:** 0001104659-23-022844
**Filing Date:** 2023-2
**Character Count:** 9928
**Document Hash:** 016b54df51a30ceedd6118abf6a41870
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-022844.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001104659-23-022844

**CONFORMED SUBMISSION TYPE**: 486BXT

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FlowStone Opportunity Fund
- **CENTRAL INDEX KEY:** 0001741739
- **IRS NUMBER:** 364909711
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 486BXT
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23352
- **FILM NUMBER:** 23639036

**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
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FlowStone Opportunity Fund
- **CENTRAL INDEX KEY:** 0001741739
- **IRS NUMBER:** 364909711
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 486BXT
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-264029
- **FILM NUMBER:** 23639035

**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

As filed with the Securities and Exchange Commission on February 16, 2023

Securities Act File No. 333-264029

1940 Act File No. 811-23352

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-2**

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| | |
|:---|:---|
| **REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933** | ⌧ |
| **Pre-Effective Amendment No.** | ◻ |
| **Post-Effective Amendment No. 4** | ⌧ |

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**and**

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| | |
|:---|:---|
| **REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940** | ⌧ |
| **Amendment No. 15** | x |

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**FlowStone Opportunity Fund**

(Exact Name of Registrant as Specified in Charter)

**55 Nod Road, Ste 120**

**Avon, CT 06001**

(Address of Principal Executive Offices)

**(312) 429-2419**

(Registrant's Telephone Number)

**Scott Conners**

**FlowStone Partners, LLC**

**55 Nod Road, Ste 120**

**Avon, CT 06001**

(Name and Address of Agent for Service)

Copy to:

**Joshua B. Deringer, Esq.**

**Faegre Drinker Biddle & Reath LLP**

**One Logan Square, Ste. 2000**

**Philadelphia, PA 19103-6996**

**215-988-2700**

**APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:** As soon as practicable after the effective date of this Registration Statement.

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| | |
|:---|:---|
| ¨ | Check box if the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans. |
| x | Check box if any securities being registered on this Form will be offered on a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933 ("Securities Act"), other than securities offered in connection with a dividend reinvestment plan. |
| ¨ | Check box if this Form is a registration statement pursuant to General Instruction A.2 or a post-effective amendment thereto. |
| ¨ | Check box if this Form is a registration statement pursuant to General Instruction B or a post-effective amendment thereto that will become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act. |

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| | |
|:---|:---|
| ¨ | Check box if this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction B to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act. |

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It is proposed that this filing will become effective (check appropriate box)

¨ when declared effective pursuant to Section 8(c) of the Securities Act

*The following boxes should only be included and completed if the registrant is making this filing in accordance with Rule 486 under the Securities Act.*

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| | |
|:---|:---|
| ¨ | immediately upon filing pursuant to paragraph (b) |
| x | on March 17, 2023 pursuant to paragraph (b) |
| ¨ | 60 days after filing pursuant to paragraph (a) |
| ¨ | on (date) pursuant to paragraph (a) |

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If appropriate, check the following box:

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| | |
|:---|:---|
| x | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
| ¨ | This Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: _____. |
| ¨ | This Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: _____. |
| ¨ | This Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: _____. |
|  | Check each box that appropriately characterizes the Registrant: |
| x | Registered Closed-End Fund (closed-end company that is registered under the Investment Company Act of 1940 ("Investment Company Act")). |
| ¨ | Business Development Company (closed-end company that intends or has elected to be regulated as a business development company under the Investment Company Act). |
| ¨ | Interval Fund (Registered Closed-End Fund or a Business Development Company that makes periodic repurchase offers under Rule 23c-3 under the Investment Company Act). |
| ¨ | A.2 Qualified (qualified to register securities pursuant to General Instruction A.2 of this Form). |
| ¨ | Well-Known Seasoned Issuer (as defined by Rule 405 under the Securities Act). |
| ¨ | Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 ("Exchange Act"). |
| ¨ | If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. |
| ¨ | New Registrant (registered or regulated under the Investment Company Act for less than 12 calendar months preceding this filing). |

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**EXPLANATORY NOTE**

This Post-Effective Amendment No. 4 to FlowStone Opportunity Fund's (the "Fund" or the "Registrant") registration statement on Form N-2 (the "Registration Statement") is being filed pursuant to paragraph (b)(1)(iii) of Rule 486 under the Securities Act of 1933, as amended (the "1933 Act"), solely for the purpose of delaying, until March 17, 2023, the effectiveness of the Registant's Registration Statement filed in Post-Effective Amendment No. 3 on December 19, 2022 ("PEA No. 3"), pursuant to paragraph of (a) of Rule 486 under the 1933 Act. Since no other changes are intended to be made to PEA No. 3 by means of this filing, Parts A, B and C of PEA No. 3 are incorporated herein by reference.

**PART A – PROSPECTUS**

[<u>The Fund's prospectus is incorporated herein by reference to PEA No. 3.</u>](http://www.sec.gov/Archives/edgar/data/1741739/000110465922128236/tm2232524-1_486aposseq1.htm)

**PART B – STATEMENT OF ADDITIONAL INFORMATION**

[<u>The Fund's statement of additional information is incorporated herein by reference to PEA No. 3.</u>](http://www.sec.gov/Archives/edgar/data/1741739/000110465922128236/tm2232524-1_486aposseq1.htm)

**PART C – OTHER INFORMATION**

[<u>Part C is incorporated herein by reference to PEA No. 3.</u>](http://www.sec.gov/Archives/edgar/data/1741739/000110465922128236/tm2232524-1_486aposseq1.htm)

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Avon in the State of Connecticut on the 16th day of February, 2023.

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| | |
|:---|:---|
| FlowStone Opportunity Fund | FlowStone Opportunity Fund |
| By: | /s/ Scott P. Conners |
| Name: Scott P. Conners | Name: Scott P. Conners |
| Title: President | Title: President |

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Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

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| | | |
|:---|:---|:---|
| /s/ Scott P. Conners | President | February 16, 2023 |
| Scott P. Conners |  |  |
| /s/ Trent Statczar | Treasurer | February 16, 2023 |
| Trent Statczar |  |  |
| \*Eric Becker | Trustee | February 16, 2023 |
| Eric Becker |  |  |
| \*Michael H. Moskow | Trustee | February 16, 2023 |
| Michael H. Moskow |  |  |
| \*Marek Herchel | Trustee | February 16, 2023 |
| Marek Herchel |  |  |
| \*Jason S. Gull | Trustee | February 16, 2023 |
| Jason S. Gull |  |  |
| \*Shoshana Vernick | Trustee | February 16, 2023 |
| Shoshana Vernick |  |  |
| \*Avy Stein | Trustee | February 16, 2023 |
| Avy Stein |  |  |

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| | |
|:---|:---|
| \*By: | /s/ Scott P. Conners |
|  | Scott P. Conners |
|  | Attorney-In-Fact (Pursuant to Power of Attorney) |

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