Flat Rock Global, LLC (New York)

Name: Flat Rock Global, LLC
Address: 1350 6 Th Avenue, New York, NY, 10019
Telephone: 212.596.3413

Flat Rock Global, LLC is a large advisory firm based in New York. It manages $120 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Flat Rock Global provides portfolio management for investment companies and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Flat Rock Global: assets under management

The assets under management (AUM) of Flat Rock Global, LLC is $120 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 300% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $120 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $60 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Flat Rock Global, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Flat Rock Global serves?

The firm provides services to investment companies and business development companies. The largest group of clients of Flat Rock Global is business development companies with 1 clients and $90 million of assets under management. Among the 9 most similar advisory firms, Flat Rock Global has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $120 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Flat Rock Global doesn't advise any private funds.

Careers at Flat Rock Global, LLC

The company employs 9 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Western Asset Management Company joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Karl Grunewald	Chief executive officer	1 Nov 2016	50% - 75%	2834467
Richard Andrew Petrocelli	Chief financial officer, chief operating officer & chief compliance officer	1 Nov 2016	Other	2429215
Robert Alan Kleinert	Investor	1 Feb 2017	Other	860030
Joshua Luke Martinez	Partner	1 Apr 2017	Other	4848084
Western Asset Management Company	Shareholder	1 Aug 2017	Other	110441

Based in New York

The principal office where Flat Rock Global, LLC performs its advisory services is located at 1350 6 Th Avenue, New York, NY 10019, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212.596.3413. The normal business hours are 9:00-5:30 on Monday - Friday. You can find more information about the New York firm at flatrockglobal.com.