Flat Rock Capital

Team Member


Chief Operating Officer

Richard A. Petrocelli has served as the Chief Financial Officer of three business development companies, Saratoga Investment Corp., Fifth Street Finance Corp. and Fifth Street Senior Floating Rate Corp. At Saratoga, Mr. Petrocelli also served on the investment committee and was the firm’s Chief Compliance Officer.

Mr. Petrocelli has over 20 years of experience with middle market finance, BDCs and private equity. Within the leveraged finance industry, he has underwritten and structured middle market loans as both a lender and a private equity investor. In 2010, he played a leading role in Saratoga’s recapitalization of Saratoga Investment Corp., a publicly traded business development company focused on middle market lending. As Managing Director and Chief Financial Officer at Saratoga Partners, a middle market private equity sponsor, Mr. Petrocelli was responsible for originating, structuring and financing middle market corporate buyouts and also oversaw portfolio management for the firm.

Mr. Petrocelli joined Saratoga Partners in 1998 from Gabelli Asset Management, where he served as a vice president in the corporate finance department with a primary focus on the company's alternative investment business. Prior to that, he was a senior accountant at BDO Siedman. Mr. Petrocelli graduated with a BSBA from Georgetown University in 1990 and earned an MBA from New York University's Stern School of Business in 1999. He is a Certified Public Accountant.