Flat Rock Global – Income Solutions For Volatile Markets – 10.5.20

Summary:

Now On Demand.

Flat Rock Global is an alternative credit manager. Their unique focus on yield driven investment strategies in less efficient sectors of the credit market has gained traction with institutional investors, RIAs and family offices. Join us for this in-depth discussion that will cover:

• How can you find attractive income in today’s low interest rate environment
• The methodology the Fund uses to maintain a low volatility profile
• How is the Fund able to keep a low correlation versus the S&P 500
• The Funds historical performance & portfolio construction

Flat Rock Opportunity Fund – Ticker – FROPX

• Reasons the Flat Rock Opportunity Fund was able to win the Creditflux’s CLO Fund of the year
• Understanding CLO Equity
• How we can provide exposure to 1,200 first lien senior secured loans
• The Funds historical performance & portfolio construction

Speakers:

Robert K. Grunewald most recently served as the President and Chief Investment Officer of Business Development Corp. of America (BDCA). During his tenure at BDCA, Mr. Grunewald grew the company from $2.5 million of assets under management to $2.5 billion. BDCA was one of the top performing non-traded BDCs during Mr. Grunewald’s tenure. Mr. Grunewald hired the investment and origination teams, established BDCA’s strategy, and chaired the investment committee. He also established the firm’s loan management systems as well as its policies and procedures. While at BDCA, Mr. Grunewald also founded Kahala Aviation, a mid-life aircraft leasing business and The AR Capital BDC Income Fund, the first open-end mutual fund dedicated to investing in the BDC sector. Mr. Grunewald has over 30 years of experience with middle market finance, BDCs and asset management. Within the finance industry, he has participated as a lender, investment banker, M&A advisor, private equity investor and hedge fund manager. As head of Financial Services M&A at NationsBank/Montgomery Securities from 1992 through 1997, Mr. Grunewald and his team completed numerous assignments for clients throughout the specialty finance industry. In 1997, Mr. Grunewald was recruited to lead the Specialty Finance Investment Banking Practice at what became Wachovia Securities. At Wachovia, Mr. Grunewald managed a number of high profile transactions, including initial public offerings and secondary offerings for some of the largest publicly-traded BDCs and finance companies including Capital Source, Ares Capital, American Capital Strategies, Allied Capital, and Gladstone Capital.

Shiloh Batesis a Managing Director at Flat Rock Global. Prior to joining Flat Rock Global in 2018, Mr. Bates was a Managing Director at Benefit Street Partners, where he worked on corporate acquisitions. Prior to joining Benefit Street Partners in 2016, Mr. Bates was the Head of Structured Products at BDCA Adviser, where he was responsible for investments in collateralized loan obligations (“CLOs”) and publicly traded business development companies (“BDCs”) as well as structuring the firm’s credit facilities. He has worked at several CLO managers including Canaras Capital Management, Four Corners Capital Management and ING Capital Advisors. Mr. Bates began his career as an investment banker at First Union Securities.

Mr. Bates has invested over $1 billion in CLO securities and has been a frequent panelist at CLO industry conferences.

Mr. Bates received a Master of Statistics from Columbia University, a Master of Financial Mathematics from the University of Chicago, a Master of Public Policy from Harvard University, John F. Kennedy School of Government and a Bachelor of Science from Virginia Tech. He also served in the U.S. Army Reserves Special Operations Command as a specialist for six years.