Robert Grunewald, CEO & Founder and Shiloh Bates, Managing Director, Flat Rock Global discuss finding income in a low rate environment, and the opportunities in alternative credit. 
Flat Rock Global is an alternative credit manager, focused specifically on targeting yield in less efficient sectors of the credit market. Their Flat Rock Core Income Fund, available exclusively to RIAs and Family Offices is designed to deliver attractive income, with low volatility and correlation to the S&P. The fund’s investment strategy aims to mitigate risk with a diversified credit approach. The Flat Rock Opportunity Fund, recently named as the CreditFlux’s CLO Fund of the Year, is centered around generating current income and long-term capital appreciation. The fund primarily invests in diversified pools of senior secured longs through investments in the equity of collateralized loan obligations or CLOs.
To learn more, register for Flat Rocks’ Webcast: Income Solutions For Volatile Markets.
Topics Include:
Flat Rock Core Income Fund – Ticker – CORFX
- 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
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.