Flat Rock Opportunity Fund
FROPX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 680 S. Cache Street Jackson WY United States of America 83001
- IPO Date
- Apr 17, 2023
- CIK
- 0001732078
- Website
- flatrockglobal.com
- Similar Companies
- Business
- Flat Rock Opportunity Fund (FROPX) is a non-diversified, closed-end interval fund that seeks to generate current income and, secondarily, long-term capital appreciation by investing primarily in the equity tranches and, to a lesser extent, junior debt tranches of collateralized loan obligations (CLOs); these CLOs provide leveraged exposure to a highly diversified portfolio of approximately 2,500 senior secured first-lien loans with low correlation to traditional equity and fixed income markets. The fund offers monthly distributions at an annualized rate of approximately 14% based on recent share prices, quarterly repurchase offers for 5% to 25% of outstanding shares to provide limited liquidity, and operates without a minimum investment threshold. Flat Rock Global, LLC, an employee-owned alternative credit manager founded in 2016 and based in Jackson, Wyoming, serves as the investment adviser, overseeing assets under management of approximately $1.6 billion across its strategies as of September 30, 2025. In April 2025, the fund implemented significant adjustments to its fee structure between SEC filings dated March 4 and April 25, sharply reducing annual expenses including the management fee to 1.38% and incentive fee to 2.72%, in line with industry trends toward greater fee sensitivity among investors. The fund maintained its strong performance track record, posting a year-to-date return of 0.52% and an annualized return since inception of 10.99% as of September 30, 2025, while earning Creditflux CLO fund awards including winner in 2020 and finalist recognition in 2021 and 2022. It continues to emphasize hyper-selective investments in niche CLO equity and BB notes markets, with top holdings including Woodmont 2022-9 Trust, Ivy Hill Middle Market Credit Fund XX, and Lake Shore MM CLO V as of recent SEC disclosures. The fund targets registered investment advisors, family offices, and institutional investors seeking high income from leveraged credit strategies.