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Western Asset acquires stake in Flat Rock Global

by Andrea Waitrovich

Western Asset has acquired a minority ownership stake in Flat Rock Global.

John Thomson of Thomson Equity also invested alongside Western Asset. The investment supports Flat Rock Global’s investment strategies, including their initial fund, Flat Rock Capital Corp., a business development company focused on investing in first-lien, floating-rate debt of middle-market companies.

Flat Rock Global exclusively offers its funds through registered investment advisors, family offices and institutional investors with a single institutional-style share class.

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