# EDGAR Filing Document

**Accession Number:** 0001741739
**File Stem:** 0001145549-25-056087
**Filing Date:** 2025-8
**Character Count:** 72875
**Document Hash:** 9bcf0a074e727b97f57ef864412f4da8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-056087.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-056087

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**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:** 251274631

**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

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| |
|:---|
| **FlowStone Opportunity Fund** |
| **Consolidated Schedule of Investments** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Funds\*** | **Geographic<br> Region\*\*** | **Investment<br> Strategy** | **Fair Value** | **% of Net Assets** | **Original<br> Acquisition Date** |
| **Co-Investments** |  |  |  |  |  |
| MDCP Co-Investors (Jade I), L.P.<sup>(a)(b)</sup> | Western Europe | Leveraged Buyout | $11844911 | 1.60% | 4/29/2025 |
| **Total Co-Investments (Cost $10,855,626) (1.60%)\*\*\*** |  |  | 11844911 |  |  |
| **Primary Investments** |  |  |  |  |  |
| Apax X USD, L.P.<sup>(a)</sup> | Guernsey | Leveraged Buyout | $2821137 | 0.38% | 3/3/2020 |
| Apax XI USD, L.P.<sup>(a)(b)</sup> | Guernsey | Leveraged Buyout | 2643864 | 0.36% | 6/30/2022 |
| Arlington Capital Partners VI, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 9415112 | 1.27% | 12/15/2023 |
| Audax Private Equity Junior Capital Fund II, L.P.<sup>(a)</sup> | North America | Private Equity Fund | 281897 | 0.04% | 7/20/2023 |
| Berkshire Fund XI-TE, L.P. <sup>(a)(b)</sup> | North America | Leveraged Buyout | 74484 | 0.01% | 6/28/2024 |
| Clayton, Dubilier & Rice Fund XII, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 4758624 | 0.64% | 9/2/2022 |
| Clearlake Capital Partners VII (USTE), L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 7879824 | 1.06% | 10/29/2021 |
| CVC Capital Partners IX (A) L.P.<sup>(a)</sup> | Jersey | Leveraged Buyout | 1753546 | 0.24% | 6/12/2023 |
| Fin VC Flagship II, LP<sup>(a)(b)</sup> | North America | Venture | 2978478 | 0.40% | 5/6/2021 |
| Great Hill Equity Partners VIII, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 2780678 | 0.38% | 1/31/2022 |
| Kohlberg Investors X, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 3708925 | 0.50% | 6/30/2023 |
| Liquid Stock I, L.P.<sup>(a)(b)</sup> | North America | Private Equity Fund | 3679202 | 0.50% | 8/30/2019 |
| Madison Dearborn Capital Partners VIII-A, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 5283204 | 0.71% | 6/21/2021 |
| New Mountain Partners VI, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 3174767 | 0.43% | 4/21/2020 |
| New Mountain Partners VII, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 2104612 | 0.28% | 12/22/2023 |
| Platinum Equity Capital Partners VI, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 6244469 | 0.84% | 12/29/2023 |
| Sun Capital Partners VIII-A, L.P.<sup>(a)</sup> | Cayman | Leveraged Buyout | 4590567 | 0.62% | 6/30/2022 |
| The Veritas Capital Fund VIII, LP<sup>(a)</sup> | North America | Leveraged Buyout | 10356273 | 1.40% | 3/16/2022 |
| The Veritas Capital Fund IX, LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | (43085) | -0.01% | 12/18/2024 |
| Trident Capital IX, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 5157061 | 0.70% | 9/17/2021 |
| Vista Equity Partners Fund VIII-A, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 6915615 | 0.93% | 8/24/2022 |
| Warburg Pincus Global Growth 14, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 8242230 | 1.11% | 1/31/2022 |
| **Total Primary Investments (Cost $80,115,289) (12.79%)\*\*\*** |  |  | 94801484 |  |  |
| **Secondary Investments** |  |  |  |  |  |
| AEA Investors Fund V LP <sup>(a)(b)</sup> | North America | Leveraged Buyout | $410934 | 0.06% | 1/1/2022 |
| AIC Credit Opportunities Partners Fund II, L.P.<sup>(a)</sup> | North America | Private Credit | 756501 | 0.10% | 10/31/2019 |
| American Securities Partners VI, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 1646004 | 0.22% | 12/31/2021 |
| Ampersand CF Limited Partnership - Class A<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1814722 | 0.25% | 10/29/2020 |
| Ampersand CF Limited Partnership - Class B<sup>(a)(b)</sup> | North America | Leveraged Buyout | 2886966 | 0.39% | 10/29/2020 |
| Arsenal Capital Partners III-B LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | 638500 | 0.09% | 1/1/2022 |
| Audax Mezzanine Fund III, L.P.<sup>(a)</sup> | North America | Private Credit | 420968 | 0.06% | 6/30/2021 |
| Audax Private Equity Fund III, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 129208 | 0.02% | 6/30/2023 |
| Audax Private Equity Fund V-A, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 11092708 | 1.50% | 6/30/2023 |
| Audax Private Equity Fund VI-A, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 20064643 | 2.71% | 6/30/2023 |
| August Capital V, L.P.<sup>(a)(b)</sup> | North America | Venture | 7795286 | 1.05% | 6/30/2022 |
| August Capital V Special Opportunities, L.P.<sup>(a)(b)</sup> | North America | Venture | 743719 | 0.10% | 6/30/2022 |
| Awz Pentera II, LLC<sup>(a)(b)</sup> | North America | Venture | 18799124 | 2.54% | 8/24/2022 |
| Bain Capital Empire Holdings, L.P. - Class C<sup>(a)(b)</sup> | North America | Leveraged Buyout | 6810144 | 0.92% | 10/5/2022 |
| Bain Capital Europe III, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 2990 | 0.00% | 12/31/2021 |
| Bain Capital Venture Fund 2009, L.P.<sup>(a)(b)</sup> | North America | Venture | 931295 | 0.13% | 6/30/2022 |
| BC European Capital IX, L.P.<sup>(a)</sup> | Guernsey | Leveraged Buyout | 5220359 | 0.71% | 12/31/2020 |
| BC Partners Galileo (2) L.P.<sup>(a)(b)</sup> | Guernsey | Leveraged Buyout | 2254252 | 0.30% | 6/10/2021 |
| Brookfield Capital Partners V L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 28749924 | 3.88% | 6/30/2023 |
| Caltius Partners IV, L.P.<sup>(a)(b)</sup> | North America | Private Credit | 2147474 | 0.29% | 6/30/2021 |
| Canaan VII, L.P.<sup>(a)(b)</sup> | North America | Venture | 1009858 | 0.14% | 12/31/2019 |
| Carlyle Europe Partners IV, L.P.<sup>(a)(b)</sup> | United Kingdom | Leveraged Buyout | 886644 | 0.12% | 12/31/2021 |
| Carlyle Partners VI, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 624697 | 0.08% | 12/31/2021 |
| Castle Harlan Partners V & AIV<sup>(a)(b)(c)(d)</sup> | North America | Leveraged Buyout | 79052 | 0.01% | 9/30/2021 |
| Cerberus Institutional Partners VI, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 1353656 | 0.18% | 7/30/2021 |
| Charles River Partnership XIV, LP<sup>(a)(b)</sup> | North America | Venture | 273706 | 0.04% | 6/30/2022 |
| Clarus Lifesciences II, L.P.<sup>(a)</sup> | North America | Venture | 296409 | 0.04% | 6/30/2022 |
| Clayton, Dubilier & Rice Fund IX, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 2842195 | 0.38% | 12/31/2021 |
| Columbia Capital Equity Partners V (QP), L.P.<sup>(a)(b)</sup> | North America | Venture | 6398970 | 0.86% | 6/30/2022 |
| Court Square Capital Partners (Offshore) III, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 2443026 | 0.33% | 12/31/2021 |
| CRG Partners III (Holdings I) L.P.<sup>(a)(c)</sup> | North America | Private Credit | 191453 | 0.03% | 6/30/2021 |
| Crosslink Ventures V, L.P.<sup>(a)(b)(c)(d)</sup> | North America | Venture | 414304 | 0.06% | 1/1/2020 |
| CVC Capital Partners VI (b) L.P.<sup>(a)(b)</sup> | Jersey | Leveraged Buyout | 3480438 | 0.47% | 1/1/2022 |
| Dace Ventures I, L.P.<sup>(a)(b)</sup> | North America | Venture | 313300 | 0.04% | 12/31/2019 |
| DBAG Fund VI (Guernsey) L.P.<sup>(a)(b)</sup> | Guernsey | Leveraged Buyout | 756148 | 0.10% | 12/31/2021 |
| DFJ Growth 2006 Continuation, L.P.<sup>(a)(b)(c)</sup> | North America | Leveraged Buyout | 15764969 | 2.13% | 12/31/2019 |
| EagleTree Partners IV, LP<sup>(a)</sup> | North America | Leveraged Buyout | 1137789 | 0.15% | 6/30/2021 |
| EnerTech Capital Partners III, L.P.<sup>(a)(b)</sup> | North America | Venture | 3637 | 0.00% | 12/31/2019 |
| Falcon Strategic Partners III, L.P.<sup>(a)(b)</sup> | North America | Private Credit | 1829318 | 0.25% | 6/30/2021 |
| Fin Venture Capital I, L.P.<sup>(a)(b)</sup> | North America | Venture | 6895763 | 0.93% | 6/30/2020 |
| Flexpoint Fund II (Cayman), L.P.<sup>(a)(c)</sup> | Cayman | Venture | 187656 | 0.03% | 6/30/2022 |
| Flexpoint Fund II, L.P.<sup>(a)(c)(e)</sup> | North America | Venture | 2416228 | 0.33% | 6/30/2022 |
| Flybridge Capital Partners III, LP<sup>(a)(b)</sup> | North America | Venture | 5015461 | 0.68% | 6/30/2022 |
| Francisco Partners III (Cayman), L.P.<sup>(a)(b)</sup> | Cayman | Leveraged Buyout | 475235 | 0.06% | 12/31/2020 |
| Francisco Partners III (Domestic AIV), L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 173658 | 0.02% | 12/31/2020 |
| Francisco Partners III, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 667529 | 0.09% | 12/31/2020 |
| GF Capital Private Equity Fund II-B, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 4668627 | 0.63% | 12/31/2021 |
| GTCR Evergreen Fund I/C LP<sup>(a)</sup> | North America | Leveraged Buyout | 8278514 | 1.12% | 3/31/2023 |
| Hony Capital Fund V, L.P.<sup>(a)(b)(c)</sup> | North America | Leveraged Buyout | 737874 | 0.10% | 1/31/2022 |
| ICG Ludgate Hill IB SCSp<sup>(a)(b)(c)</sup> | Luxembourg | Leveraged Buyout | 13219670 | 1.79% | 6/22/2021 |
| ICG Ludgate Hill IIIA Porsche LP<sup>(a)(b)</sup> | Luxembourg | Leveraged Buyout | 29339441 | 3.96% | 9/26/2022 |
| Icon Partners IV, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 10076382 | 1.36% | 5/21/2021 |
| Icon Partners V C, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 10227884 | 1.38% | 8/27/2021 |

---

The accompanying notes are an integral part of these Financial Statements.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| IK VII Fund<sup>(a)(b)</sup> | Jersey | Leveraged Buyout | 92819 | 0.01% | 12/31/2021 |
| Institutional Venture Partners XIV, L.P.<sup>(a)(b)</sup> | North America | Venture | 788474 | 0.11% | 12/31/2021 |
| Intermediate Capital Asia Pacific Fund 2008, L.P.<sup>(a)(b)(c)</sup> | Jersey | Private Credit | 482768 | 0.07% | 6/30/2021 |
| JFL-NG Continuation Fund, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 5586429 | 0.75% | 10/27/2021 |
| KKR Americas Fund XII L.P. (Ranger)<sup>(a)</sup> | North America | Leveraged Buyout | 5091853 | 0.69% | 3/28/2024 |
| KKR Americas Fund XII L.P. (ST)<sup>(a)</sup> | North America | Leveraged Buyout | 24703201 | 3.34% | 3/28/2024 |
| KKR Asian Fund III L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 4446110 | 0.6% | 3/28/2024 |
| KKR Health Care Strategic Growth Fund L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 2513153 | 0.34% | 3/28/2024 |
| KKR North America Fund XI L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1955994 | 0.26% | 3/28/2024 |
| Kohlberg TE Investors VIII-B, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 29773907 | 4.02% | 12/30/2022 |
| LEP Opportunities II, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 11792514 | 1.59% | 6/27/2022 |
| Lightspeed Ascent Fund, L.P.<sup>(a)(b)</sup> | North America | Venture | 17385656 | 2.35% | 11/13/2024 |
| Lincolnshire Equity Fund IV-A, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 2343850 | 0.32% | 12/31/2020 |
| Littlejohn Fund IV, LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | 86368 | 0.01% | 9/30/2021 |
| Lord Investment S.a r.l. (Valextra SpA)<sup>(b)(f)</sup> | Western Europe | Leveraged Buyout | 884025 | 0.12% | 3/31/2022 |
| Madison Dearborn Capital Partners VII-A, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 8428416 | 1.14% | 9/27/2024 |
| Madison Dearborn Capital Partners VIII, L.P. (Sol)<sup>(a)</sup> | North America | Leveraged Buyout | 5283204 | 0.71% | 9/27/2024 |
| MDCP Insurance SPV, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 15726466 | 2.12% | 4/24/2023 |
| MDCP VII Auxiliary SPV, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 952119 | 0.13% | 9/27/2024 |
| MDV IX, L.P.<sup>(a)(b)</sup> | North America | Venture | 6969568 | 0.94% | 12/31/2020 |
| Milestone Partners FS LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | 608607 | 0.08% | 12/31/2021 |
| Milestone Partners IV, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1731946 | 0.23% | 12/31/2021 |
| Morgenthaler Venture Partners IX, LP<sup>(a)(b)</sup> | North America | Venture | 462042 | 0.06% | 12/31/2020 |
| NEO Capital Private Equity Fund II L.P.<sup>(a)(b)</sup> | Western Europe | Fund of Funds | 2765070 | 0.37% | 1/18/2022 |
| New Enterprise Associates 13, L.P.<sup>(a)</sup> | North America | Venture | 3026833 | 0.41% | 1/3/2023 |
| NYLCAP Mezzanine Offshore Partners III, L.P.<sup>(a)</sup> | North America | Private Credit | (25641) | 0.0% | 6/30/2021 |
| Oaktree European Principal Fund III (U.S.), L.P.<sup>(a)(b)</sup> | North America | Private Credit | 547981 | 0.07% | 11/1/2021 |
| Onex Partners III LP<sup>(a)</sup> | North America | Leveraged Buyout | 571600 | 0.08% | 10/1/2021 |
| Park Square Capital Partners II, L.P.<sup>(a)</sup> | Guernsey | Private Credit | 501253 | 0.07% | 6/30/2021 |
| Parthenon Investors III, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 599722 | 0.08% | 12/31/2019 |
| Peepul Capital Fund II LLC<sup>(a)(b)(c)</sup> | Mauritius | Venture | 1672719 | 0.23% | 6/30/2022 |
| Pegasus WSJLL Fund, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 10160000 | 1.37% | 12/14/2021 |
| Permira V<sup>(a)(c)</sup> | Guernsey | Leveraged Buyout | 2075479 | 0.28% | 2/1/2022 |
| Platinum Equity Capital Partners III, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 527062 | 0.07% | 3/31/2022 |
| PlayCore CV, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1051920 | 0.14% | 11/8/2024 |
| Point 406 Ventures I, L.P.<sup>(a)(b)</sup> | North America | Venture | 723293 | 0.1% | 12/31/2019 |
| Pro SPV, LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | 4815761 | 0.65% | 8/27/2021 |
| PT2-A, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 8695515 | 1.17% | 12/15/2021 |
| Raine Partners II, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 3317954 | 0.45% | 9/27/2024 |
| Raine Partners III, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 3191525 | 0.43% | 9/27/2024 |
| Redpoint Ventures IV, L.P.<sup>(a)(b)</sup> | North America | Venture | 1277561 | 0.17% | 12/31/2020 |
| Rembrandt Venture Partners Fund Two, L.P.<sup>(a)(b)</sup> | North America | Venture | 1049426 | 0.14% | 12/31/2019 |
| Reverence Capital Partners Opportunities Fund I, L.P.<sup>(a)(b)(c)</sup> | North America | Leveraged Buyout | 1247609 | 0.17% | 12/31/2020 |
| Riverstone Global Energy and Power Fund VI, LP<sup>(a)</sup> | North America | Leveraged Buyout | 327969 | 0.04% | 6/30/2021 |
| Roark Capital Partners CF LP<sup>(a)</sup> | North America | Leveraged Buyout | 17651814 | 2.38% | 8/19/2022 |
| Savant Growth Fund I, LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1202006 | 0.16% | 12/8/2020 |
| SEI Holding I LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1607087 | 0.22% | 3/31/2022 |
| StepStone Real Estate Partners III, L.P.<sup>(a)(c)</sup> | North America | Fund of Funds | 80934 | 0.01% | 6/30/2021 |
| Summit Partners Growth Equity Fund IX-A, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1974909 | 0.27% | 6/30/2021 |
| Summit Partners Subordinated Debt IV-B, L.P.<sup>(a)(b)</sup> | North America | Private Credit | 130128 | 0.02% | 6/30/2021 |
| TA XII-B, L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 14281029 | 1.93% | 6/30/2023 |
| TA Subordinated Debt Fund III, L.P.<sup>(a)</sup> | North America | Private Credit | 73102 | 0.01% | 7/30/2021 |
| The Peninsula Fund V, L.P.<sup>(a)</sup> | North America | Private Credit | 3914076 | 0.53% | 7/1/2021 |
| The Resolute III Continuation Fund, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 2189588 | 0.3% | 9/20/2024 |
| The Veritas Capital Partners IV, LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | 4216 | 0.0% | 1/1/2022 |
| TI IV R1 CF Reinvest, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 996163 | 0.13% | 12/11/2024 |
| TowerBrook Investors IV (OS), L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 949409 | 0.13% | 12/31/2021 |
| TZP Capital Partners I (PIV), LP<sup>(a)(b)</sup> | North America | Leveraged Buyout | 123525 | 0.02% | 4/7/2021 |
| TZP Capital Partners II-A (Blocker), LP<sup>(a)</sup> | North America | Leveraged Buyout | 906145 | 0.12% | 4/7/2021 |
| TZP Small Cap Partners I-A (Blocker), LP<sup>(a)</sup> | North America | Leveraged Buyout | 209383 | 0.03% | 4/7/2021 |
| Versant Venture Capital IV, L.P.<sup>(a)(b)</sup> | North America | Venture | 144211 | 0.02% | 12/31/2020 |
| Vestar Capital Partners Rainforest, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 8409338 | 1.14% | 4/5/2024 |
| Warburg Pincus Financial Sector, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 13360299 | 1.8% | 6/30/2022 |
| Warburg Pincus Global Growth L.P.<sup>(a)</sup> | North America | Leveraged Buyout | 24522282 | 3.31% | 6/30/2022 |
| Warburg Pincus Global Growth L.P. (ST)<sup>(a)</sup> | North America | Leveraged Buyout | 24522282 | 3.31% | 3/21/2024 |
| Warburg Pincus Jovian FS, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 1815495 | 0.25% | 12/3/2024 |
| Warburg Pincus Jovian GG, L.P. <sup>(a)(b)</sup> | North America | Leveraged Buyout | 4484475 | 0.61% | 12/3/2024 |
| Warburg Pincus Private Equity XII, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 10663678 | 1.44% | 6/30/2022 |
| WP Global Growth 14 Partners, L.P. (Ranger)<sup>(a)(b)</sup> | North America | Leveraged Buyout | 2460804 | 0.33% | 3/27/2024 |
| WP Global Growth Partners L.P. (Ranger)<sup>(a)(b)</sup> | North America | Leveraged Buyout | 3047479 | 0.41% | 3/27/2024 |
| WP XI Partners, L.P.<sup>(a)(b)</sup> | North America | Leveraged Buyout | 864940 | 0.12% | 3/27/2024 |
| &nbsp;&nbsp; **Total Secondary Investments (Cost $516,891,444) (78.69%)\*\*\*** |  |  | 582594109 |  |  |
| &nbsp;&nbsp; **Total Investment Funds (Cost $607,862,359) (93.08%)\*\*\*** |  |  | $689240504 |  |  |

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| | | |
|:---|:---|:---|
| **Short-Term Investment (7.37%)\*\*\*** | **Shares** | **Fair Value** |
| **Money Market Fund** |  |  |
| Morgan Stanley Institutional Liquidity Fund - Treasury Portfolio, 4.5400% <sup>(g)</sup> | 54539269 | $54539269 |
| &nbsp;&nbsp; **Total Money Market Fund (Cost $54,539,269) (7.37%)\*\*\*** |  | $54539269 |
| **Total Investments (Cost $662,401,628) (100.45%)\*\*\*** |  | $**743779773** |
| Liabilities in excess of other assets (-0.45%)\*\*\* |  | (3350036) |
| **Net Assets - 100.00%\*\*\*** |  | $**740429737** |
| Primary Investments are investments in newly established private equity partnerships where underlying portfolio companies are not known as of the time of investment. | Primary Investments are investments in newly established private equity partnerships where underlying portfolio companies are not known as of the time of investment. | 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. | 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> Investment Funds are issued in private placement transactions and as such are restricted as to resale per Rule 12-12-8 of Regulation S-X. As of June 30, 2025, the aggregate cost of each investment restricted to sale was $10,855,626, $2,266,730, $2,288,469, $6,595,338, $276,292, $221,435, $3,620,503, $7,158,077, $1,590,951, $2,777,868, $3,047,126, $3,403,260, $3,374,569, $4,884,437, $2,224,212, $1,832,941, $5,668,889, $4,009,649, $8,573,040, $195,851, $4,180,093, $5,666,799, $6,258,760, $505,299, $1,453,580, $3,021,894, $164,850, $276,734, $2,097,406, $502,563, $75, $13,450,507, $23,284,283, $10,066,877, $11,460, $10,338,601, $6,704,140, $190,183, $5,976,404, $8,173,936, $1,829,037, $24,059,576, $3,973,205, $190,743, $1,392,494, $2,202,502, $737,815, $424,601, $939,206, $0, $6,336,799, $4,933,543, $4,416,426, $341,326, $338,990, $5,202,371, $294,908, $1,484,580, $1,497,477, $1,333,693, $128,580, $1,464,069, $3,674,232, $0, $1,466,260, $10,332,308, $0, $0, $0, $6,450,956, $5,151,260, $1,392,656, $634,781, $14,682,307, $8,963,275, $7,594,686, $61,860, $2,426,365, $297,818, $2,817,917, $3,865,595, $19,193,933, $3,675,033, $2,018,901, $1,398,935, $25,779,279, $9,614,398, $17,959,621, $1,768,488, $0, $1,887,069, $7,159,196, $4,432,329, $9,059,301, $725,012, $6,134,654, $1,537,850, $1,610,840, $203,481, $1,870,021, $5,343,002, $570,512, $1,149,338, $315,961, $1,680,967, $434,543, $780,497, $8,800,894, $5,459,566, $1,091,985, $17,025, $1,865,426, $9,728,372, $6,454,213, $2,251,521, $2,395,966, $3,020,976, $922,119, $1,118,664, $175,612, $10,971,011, $2,014,339, $911,878, $64,043, $2,704,909, $571,962, $14,051,432, $86,573, $8,113,653, $2,081,131, $27,559, $861,536, $3,893,277, $85,988, $635,559, $297,647, $6,545,505, $6,855,729, $16,135,304, $12,967,838, $18,256,986, $7,129, $165,821, $14,562,693, $1,748,587, $2,223,068, and $891,778, respectively totaling $607,862,359.

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

<sup>(c)</sup> Fair valued by the Valuation Designee based on policies and procedures established by the Board of Trustees and considered a Level 3 investment.

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

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

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

The accompanying notes are an integral part of these Financial Statements.

## 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:** 2025-06-30

**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:** $753541642.36

**Total Liabilities:** $41246042.30

**Net Assets:** $712295600.07

**Cash Not Reported:** $89537610.18

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.00%                | 0.00%                | -0.80%               |
| Class ID N/A | 0.00%                | 0.00%                | -0.74%               |
| Class ID N/A | 0.00%                | 0.00%                | -0.74%               |

**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  | $6161137.62              | $-15577522.05                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Brookfield Capital Partners V L.P.                    | Brookfield Capital Partners V L.P.                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  29447716 | OU      | $29447716.00  | 4.13%             |  |  |  | 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        |   1984711 | OU      | $1984711.00   | 0.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Canaan VII, L.P.                                      | Canaan VII, L.P.                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    935843 | OU      | $935843.00    | 0.13%             |  |  |  | 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        |    732350 | OU      | $732350.28    | 0.10%             |  |  |  | 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        |    295311 | OU      | $295311.00    | 0.04%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Flexpoint Fund II, L.P.                               | Flexpoint Fund II, L.P.                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2409895 | OU      | $2409895.00   | 0.34%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Flybridge Capital Partners III, LP                    | Flybridge Capital Partners III, LP                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   4427442 | OU      | $4427442.00   | 0.62%             |  |  |  | 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        |   1229624 | OU      | $1229624.00   | 0.17%             |  |  |  | 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        |   4670022 | OU      | $4670022.00   | 0.66%             |  |  |  | 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        |   2085070 | OU      | $2085070.00   | 0.29%             |  |  |  | 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        |   7814996 | OU      | $7814996.00   | 1.10%             |  |  |  | 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        |    848674 | OU      | $848674.03    | 0.12%             |  |  |  | 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        |  12772027 | OU      | $12772027.09  | 1.79%             |  |  |  | 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        |  30811012 | OU      | $30811012.45  | 4.33%             |  |  |  | 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        |   9454699 | OU      | $9454699.00   | 1.33%             |  |  |  | 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        |  10238216 | OU      | $10238216.00  | 1.44%             |  |  |  | Yes           | N/A                | On Loan: No      |
| IK VII Fund                                           | IK VII Fund                                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |    126138 | OU      | $126138.36    | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Institutional Venture Partners XIV, L.P               | Institutional Venture Partners XIV, L.P               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    794279 | OU      | $794279.00    | 0.11%             |  |  |  | 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    | 0.07%             |  |  |  | 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        |   5143456 | OU      | $5143456.00   | 0.72%             |  |  |  | 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        |   4928814 | OU      | $4928814.00   | 0.69%             |  |  |  | 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        |  23545147 | OU      | $23545147.00  | 3.31%             |  |  |  | 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        |   4273570 | OU      | $4273570.00   | 0.60%             |  |  |  | Yes           | N/A                | On Loan: No      |
| New Mountain Partners VII, L.P.                       | New Mountain Partners VII, L.P.                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1426458 | OU      | $1426458.00   | 0.20%             |  |  |  | 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        |     47902 | OU      | $47902.00     | 0.01%             |  |  |  | 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        |    609126 | OU      | $609126.00    | 0.09%             |  |  |  | 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        |    129155 | OU      | $129155.00    | 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        |   4275293 | OU      | $4275293.00   | 0.60%             |  |  |  | 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        |     71699 | OU      | $71699.00     | 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        |  14408698 | OU      | $14408698.00  | 2.02%             |  |  |  | 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        |   3997626 | OU      | $3997626.00   | 0.56%             |  |  |  | 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        |   2216662 | OU      | $2216662.00   | 0.31%             |  |  |  | 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        |    -41872 | OU      | $-41872.00    | -0.01%            |  |  |  | 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        |  10131627 | OU      | $10131627.00  | 1.42%             |  |  |  | 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        |    884777 | OU      | $884777.00    | 0.12%             |  |  |  | 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        |   1071247 | OU      | $1071247.00   | 0.15%             |  |  |  | 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        |   4362838 | OU      | $4362838.00   | 0.61%             |  |  |  | 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        |    127597 | OU      | $127597.00    | 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        |    899730 | OU      | $899730.00    | 0.13%             |  |  |  | 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        |    213565 | OU      | $213565.00    | 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        |    198139 | OU      | $198139.00    | 0.03%             |  |  |  | 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        |   8398628 | OU      | $8398628.00   | 1.18%             |  |  |  | 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        |   5261716 | OU      | $5261716.00   | 0.74%             |  |  |  | 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        |  12940043 | OU      | $12940043.00  | 1.82%             |  |  |  | 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        |   7181465 | OU      | $7181465.00   | 1.01%             |  |  |  | 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        |    412560 | OU      | $412560.00    | 0.06%             |  |  |  | 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        |    767873 | OU      | $767873.00    | 0.11%             |  |  |  | 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        |   1830920 | OU      | $1830920.00   | 0.26%             |  |  |  | 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        |    706111 | OU      | $706111.00    | 0.10%             |  |  |  | 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        |     76286 | OU      | $76286.00     | 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        |   1477971 | OU      | $1477971.00   | 0.21%             |  |  |  | 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        |    335030 | OU      | $335030.00    | 0.05%             |  |  |  | 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        |    283679 | OU      | $283678.70    | 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        |   2817387 | OU      | $2817387.00   | 0.40%             |  |  |  | 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        |   3479657 | OU      | $3479657.00   | 0.49%             |  |  |  | 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        |   7224118 | OU      | $7224118.00   | 1.01%             |  |  |  | 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        |   5385385 | OU      | $5385385.00   | 0.76%             |  |  |  | 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        |   2696624 | OU      | $2696624.00   | 0.38%             |  |  |  | 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        |    197409 | OU      | $197409.00    | 0.03%             |  |  |  | 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    | 0.06%             |  |  |  | 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        |   1625711 | OU      | $1625710.91   | 0.23%             |  |  |  | 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        |   3262468 | OU      | $3262468.10   | 0.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Dace Ventures I, LP                                   | Dace Ventures I, LP                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    339700 | OU      | $339700.00    | 0.05%             |  |  |  | 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        |    709564 | OU      | $709564.21    | 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        |  15764969 | OU      | $15764969.00  | 2.21%             |  |  |  | Yes           | 3                  | On Loan: No      |
| EagleTree Partners IV, LP                             | EagleTree Partners IV, LP                             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1124327 | OU      | $1124327.00   | 0.16%             |  |  |  | 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        |      4128 | OU      | $4128.00      | 0.00%             |  |  |  | Yes           | 3                  | 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        |   2572182 | OU      | $2572182.00   | 0.36%             |  |  |  | Yes           | N/A                | 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        |   1900466 | OU      | $1900466.00   | 0.27%             |  |  |  | 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        |   2453211 | OU      | $2453211.00   | 0.34%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Onex Partners III                                     | Onex Partners III                                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | CA        |    553498 | OU      | $553498.00    | 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        |    504102 | OU      | $504102.39    | 0.07%             |  |  |  | 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        |    566607 | OU      | $566607.00    | 0.08%             |  |  |  | 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        |   1674263 | OU      | $1674263.00   | 0.24%             |  |  |  | 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  | 1.43%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Permira V                                             | Permira V                                             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   2427475 | OU      | $2427474.90   | 0.34%             |  |  |  | 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        |    527231 | OU      | $527231.00    | 0.07%             |  |  |  | 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        |   6006964 | OU      | $6006964.00   | 0.84%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PlayCore CV, L.P.                                     | PlayCore CV, L.P.                                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1051640 | OU      | $1051640.00   | 0.15%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Point 406 Ventures I, LP                              | Point 406 Ventures I, LP                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    707611 | OU      | $707611.00    | 0.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Pro SPV, LP                                           | Pro SPV, LP                                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5157556 | OU      | $5157556.00   | 0.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PT2-A, L.P.                                           | PT2-A, L.P.                                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   8801248 | OU      | $8801248.00   | 1.24%             |  |  |  | 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        |   2813066 | OU      | $2813066.00   | 0.39%             |  |  |  | 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        |   3197556 | OU      | $3197556.00   | 0.45%             |  |  |  | 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        |   1011386 | OU      | $1011386.00   | 0.14%             |  |  |  | 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        |   1050297 | OU      | $1050297.00   | 0.15%             |  |  |  | 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        |   1230105 | OU      | $1230105.35   | 0.17%             |  |  |  | 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        |    352959 | OU      | $352959.00    | 0.05%             |  |  |  | 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        |  17664577 | OU      | $17664577.24  | 2.48%             |  |  |  | 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        |   1160468 | OU      | $1160468.00   | 0.16%             |  |  |  | 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        |  24543330 | OU      | $24543330.00  | 3.45%             |  |  |  | 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        |  24543330 | OU      | $24543330.00  | 3.45%             |  |  |  | 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        |   1909138 | OU      | $1909138.00   | 0.27%             |  |  |  | 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        |   1822498 | OU      | $1822498.23   | 0.26%             |  |  |  | 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        |   2899338 | OU      | $2899337.77   | 0.41%             |  |  |  | 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        |   2632732 | OU      | $2632732.00   | 0.37%             |  |  |  | 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        |   2375057 | OU      | $2375057.00   | 0.33%             |  |  |  | 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        |   7367253 | OU      | $7367253.00   | 1.03%             |  |  |  | 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        |    544596 | OU      | $544596.00    | 0.08%             |  |  |  | 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        |    449778 | OU      | $449778.00    | 0.06%             |  |  |  | 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        |    118476 | OU      | $118476.00    | 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        |  11729377 | OU      | $11729377.00  | 1.65%             |  |  |  | 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        |  18977792 | OU      | $18977792.00  | 2.66%             |  |  |  | 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        |    272949 | OU      | $272949.00    | 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        |    761686 | OU      | $761686.00    | 0.11%             |  |  |  | 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        |   7924726 | OU      | $7924726.00   | 1.11%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Awz Pentera II, LLC                                   | Awz Pentera II, LLC                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | CA        |  18810829 | OU      | $18810828.81  | 2.64%             |  |  |  | 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        |   6805032 | OU      | $6805032.00   | 0.96%             |  |  |  | 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        |      3000 | OU      | $3000.36      | 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        |    918322 | OU      | $918322.00    | 0.13%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BC European Capital IX                                | BC European Capital IX                                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   4245071 | OU      | $4245071.25   | 0.60%             |  |  |  | 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        |   2082530 | OU      | $2082529.95   | 0.29%             |  |  |  | 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        |   -113226 | OU      | $-113226.00   | -0.02%            |  |  |  | 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        |   2222364 | OU      | $2222364.00   | 0.31%             |  |  |  | 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        |   2959970 | OU      | $2959970.28   | 0.42%             |  |  |  | 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        |    853763 | OU      | $853763.00    | 0.12%             |  |  |  | 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        |   6559842 | OU      | $6559841.73   | 0.92%             |  |  |  | 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        |  29218310 | OU      | $29218310.00  | 4.10%             |  |  |  | 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        |  11795779 | OU      | $11795779.00  | 1.66%             |  |  |  | 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        |  17374695 | OU      | $17374695.00  | 2.44%             |  |  |  | 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        |   2335147 | OU      | $2335147.00   | 0.33%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Liquid Stock I, LP                                    | Liquid Stock I, LP                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   4069867 | OU      | $4069867.00   | 0.57%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Littlejohn Fund IV, LP                                | Littlejohn Fund IV, LP                                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     98855 | OU      | $98855.00     | 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        |   1051315 | OU      | $1051315.20   | 0.15%             |  |  |  | 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        |   9242705 | OU      | $9242705.00   | 1.30%             |  |  |  | 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        |   4939656 | OU      | $4939656.00   | 0.69%             |  |  |  | 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        |   4939656 | OU      | $4939656.00   | 0.69%             |  |  |  | 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        |  15210783 | OU      | $15210783.00  | 2.14%             |  |  |  | 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        |    930144 | OU      | $930144.00    | 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        |   1687924 | OU      | $1687924.00   | 0.24%             |  |  |  | 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        |   5907749 | OU      | $5907749.00   | 0.83%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Milestone Partners FS                                 | Milestone Partners FS                                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    564740 | OU      | $564740.00    | 0.08%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Milestone Partners IV                                 | Milestone Partners IV                                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1612811 | OU      | $1612811.00   | 0.23%             |  |  |  | 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        |    465155 | OU      | $465155.00    | 0.07%             |  |  |  | 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        |   2950482 | OU      | $2950482.04   | 0.41%             |  |  |  | Yes           | 3                  | On Loan: No      |
| New Enterprise Associates 13, L.P.                    | New Enterprise Associates 13, L.P.                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2943823 | OU      | $2943823.00   | 0.41%             |  |  |  | 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        |   3281651 | OU      | $3281651.00   | 0.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| SEI Holding I LP                                      | SEI Holding I LP                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1506645 | OU      | $1506645.00   | 0.21%             |  |  |  | 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        |     84878 | OU      | $84878.00     | 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        |   2152775 | OU      | $2152775.00   | 0.30%             |  |  |  | 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        |   4175485 | OU      | $4175485.00   | 0.59%             |  |  |  | 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        |  12372947 | OU      | $12372947.00  | 1.74%             |  |  |  | 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        |   2144466 | OU      | $2144466.00   | 0.30%             |  |  |  | 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        |   3052564 | OU      | $3052564.00   | 0.43%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-07-17

**Name of Applicant:** FLOWSTONE OPPORTUNITY FUND

**Signature:** /s/ Trent Statczar

**Name of Signer:** Trent Statczar

**Title:** Principal Financial Officer