Natixis Investment Managers has combined three of its private equity subsidiaries in a bid to win more business from big investors upping their allocations to alternative assets.
The €861bn asset manager has launched Flexstone Partners, which brings together its existing Euro-PE, Caspian Private Equity and Eagle Asia divisions. The new unit will be led by Eric Deram, founder and managing partner of Euro-PE, and oversee assets worth $6.7bn.