Alternative credit solutions

CLO Equity, CLO Debt, and Middle Market Private Credit

Niche Credit Strategies

Why Flat Rock?

Founded in 2016, Flat Rock Global is an employee-owned, boutique credit manager with $1.6BN AUM as of December 31, 2025.

Our Founding Principles

The all-weather value of first lien senior secured loans

A highly selective, deliberate-growth investment approach

Matching vehicle structure to the liquidity of the underlying assets

Exclusively available to RIAs, Family Offices, & Institutional Investors

Flat Rock Funds

Flat Rock Enhanced Income Fund

FRBBX Middle Market CLO BB Notes

Flat Rock Core Income Fund

CORFX Diversified Private Credit

Flat Rock Opportunity Fund

FROPX CLO Equity

Private Fund

Separately Managed Accounts / Funds of One

Distribution Rate is defined as next monthly declared distribution * 12 divided by the share price. These distributions do not include a return of principal.
The funds are distributed by Ultimus Fund Distributors, LLC, Member FINRA/SIPC. BrokerCheck.finra.org.

Flat Rock Enhanced Income Fund

(FRBBX)

Middle Market CLO BB Notes

$716 Million AUM
8.50% Distribution Rate
1.36% Std.

Flat Rock Core Income Fund

(CORFX)

Diversified Private Credit

$394 Million AUM
9.46% Distribution Rate
2.77% Std.

Flat Rock Opportunity Fund

(FROPX)

CLO Equity

$469 Million AUM
15.69% Distribution Rate
5.90% Std.

Distribution Rate is defined as next monthly declared distribution * 12 divided by the share price. These distributions do not include a return of principal.
The funds are distributed by Ultimus Fund Distributors, LLC, Member FINRA/SIPC. BrokerCheck.finra.org.

CLO Investing

By Shiloh Bates, our CIO. A practitioner’s guide to CLO equity and BB notes.

Get in Touch with Flat Rock

Insights

What we are seeing in CLO and private credit markets

Podcast

#40 Part 2, Chris Gilbert, Co-Head of Securitized Products, Natixis

09/17/26

Shiloh Bates

This episode is part two of Shiloh Bates’ conversation with Chris Gilbert,...

Podcast

#39 Part 1, Chris Gilbert, Co-Head of Securitized Products, Natixis

09/03/26

Shiloh Bates

In this episode of the CLO Investor Podcast, Shiloh Bates sits down with Chris Gilbert,...

Podcast

#38, Sam Garza, Portfolio Manager, DoubleLine

08/12/26

Shiloh Bates

In this episode of the CLO Investor Podcast, Shiloh Bates sits down with Sam Garza,...