Investment adviser · CRD 318195

FLOW STATE INVESTMENTS, LP

Investment adviser filing (IA)

CHICAGO, IL, United States · Form ADV filed Jul 12, 2024

Regulatory AUM: $188M
Client accounts: 3
Employees: 14
Advisory professionals: 11

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	3	$188,358,332	100.0%

Filing source

Form ADV 1888323 · Jul 12, 2024 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

1 Private fund

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

FLOW STATE MASTER FUND, LPHedge Fund · Last reported Jul 12, 2024$397MGross asset value

Feeder funds

Fund administrator MORGAN STANLEY FUND SERVICES USA LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States

Auditor ERNST & YOUNG LTD. CAMANA BAY, Cayman Islands

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No

Marketer OLD CITY SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

ERNST & YOUNG LTD.
PCAOB 1655

MORGAN STANLEY & CO. LLC
SEC 8-15869

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 54930042DBMRRWU1QM80

OLD CITY SECURITIES LLC
CRD 171910 · SEC 8-69488

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-5255548811
Reported beneficial owners: 32
Minimum commitment: $5M
Form D file number: 021-437247
Form D file number: 021-437252

Form ADV 1888323 · Jul 12, 2024 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jul 12, 2024. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

155 N. WACKER DRIVE, SUITE 1760
CHICAGO, IL, 60606, United States

CRD 318195

Filing source

Form ADV 1888323 · Jul 12, 2024 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.