IPO - Flat Rock Opportunity Fund

Form Type: 486APOS

Filing Date: 2025-02-28

Corporate Action: Ipo

Type: New

Accession Number: 000121390025018769

Filing Summary: Flat Rock Opportunity Fund has filed a post-effective amendment to its registration statement under the Securities Act of 1933, registering common shares of beneficial interest. As a continuously offered, non-diversified, closed-end management investment company, it is established as an interval fund to generate current income and long-term capital appreciation. The fund primarily invests in the equity and junior debt tranches of collateralized loan obligations (CLOs) comprised of senior secured loans rated below investment grade. The filing indicates a continuous offering with no minimum initial investment, emphasizing the need for investors to consider liquidity due to the absence of a secondary market for shares. The document outlines risks associated with investing in CLOs, including limited liquidity and market volatility, and highlights a structure that permits quarterly repurchase offers. Repurchase offers, expected to be executed quarterly, will be at net asset value (NAV), allowing shareholders to liquidate portions of their investment. The fund is externally managed by Flat Rock Global, LLC, which oversees investment decisions and strategies, and intends to adhere to regulatory compliance and shareholder interests in all transactions. The document indicates an approximate date for commencement of the public offering for shares as soon as practicable after the effective date of the registration statement. Furthermore, this prospectus will not solicit offers to buy shares where such offers are not permitted, providing a transparent understanding for potential investors.

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