The office opening comes as some market participants expect the impact of the coronavirus pandemic on Latin America’s capital markets to create secondaries opportunities.
The firm has also opened an office in Frankfurt – its first in Germany – as it seeks €750m for infrastructure secondaries.
The firm is in market targeting $1.25bn for its fourth secondaries fund and is set to launch a vehicle targeting GP-led deals.
The evergreen fund will aim to invest in a mix of secondaries, direct investments and co-investments in credit and equity.
Two London-based executives will join in the second quarter of this year to lead a practice focused on GP-led transactions.
Caroline Gibert's team aims to have women account for 40% of Flexstone's investment team by 2030 and for the business to be carbon neutral by 2050.
Record volumes, lots of new entrants and GP-led deals with a little more 'hair on them' are among trends to look out for this year, according to industry leaders.
Celeste Barone has been named president and chief client officer of 4Pines Fund Services.
The niche secondaries firm has raised nearly 60% more for Fund V than the amount raised for its 2017-vintage predecessor.
Nash Waterman and John Wolak had co-led the investment bank's secondaries unit after former secondaries head Jonathan Costello left in 2016.