Robert Grunewald graduated from the University of Notre Dame in the class of 1984 and later earned an MBA from Georgia State University.

Today Mr. Grunewald is the CEO and Founder of Flat Rock Global, LLC, an alternative asset manager focused on developing yield driven investment strategies in sectors deemphasized by banks. Flat Rock’s initial fund, Flat Rock Capital is a BDC investing in first lien, senior secured loans to middle market companies.

Mr. Grunewald previously served as the President and Chief Investment Officer of Business Development Corp. of America (BDCA). During his tenure at BDCA, Mr. Grunewald grew the company from $2.5 million of assets under management to $2.7 billion. BDCA was the top performing non-traded BDC in 2012, 2013 and 2014. Mr. Grunewald hired the investment and origination teams, established BDCA’s strategy, and chaired the investment committee. He also established the firms’ loan management systems as well as their policies and procedures. While at BDCA, Mr. Grunewald also founded Kahala Aviation, a mid-life aircraft leasing business and AR Capital BDC Income Fund, the first open-end mutual fund dedicated to investing in the BDC sector.

Mr. Grunewald has over 25 years of experience with middle market finance, BDCs and asset management. Within the finance industry, he has participated as a lender, investment banker, M&A advisor, private equity investor and hedge fund manager. As head of Financial Services M&A at NationsBank/Montgomery Securities from 1992 through 1997, Mr. Grunewald and his team completed numerous assignments for clients throughout the specialty finance industry.

In 1997, Mr. Grunewald was recruited to lead the Specialty Finance Investment Banking Practice at what became Wachovia Securities. At Wachovia, Mr. Grunewald managed a number of high-profile transactions, including initial public offerings and secondary offerings for some of the largest publicly-traded BDCs and finance companies including Capital Source, Ares Capital, American Capital Strategies, Allied Capital, and Gladstone Capital.

In 2006, Mr. Grunewald joined American Capital Strategies (‘‘ACAS’’), a publicly-traded BDC and global asset manager. As head of the Financial Services Investment Practice from 2006 through 2009, Mr. Grunewald and his team focused on investment activity in the specialty finance, insurance, and asset management sectors. While at ACAS he founded two highly successful financial services companies: Core Financial Holdings, a diversified commercial finance company and asset based lender, and American Capital Agency Corporation (NASDAQ: ‘‘AGNC’’), a publicly traded mortgage REIT.

Mr. Grunewald serves on the board of Capital for Children and his interests include snowboarding, triathlons, and cooking.