In this episode of The Last Tranche, Creditflux's Hugh Minch sits down with Flat Rock Global managing director Shiloh Bates. Topics include launching a new CLO fund, the advantage of middle market CLOs in a crisis, and how some risk retention fund investors' equity positions have underperformed.

This edition of The Last Tranche is made in association with Flat Rock, who's Flat Rock Opportunity Fund was named Best CLO Fund at the Creditflux Manager Awards 2020.