Alternatives
Fixed income
Equities
Other links
Other links
  • See all results
  • See results in Products
  • See results in Insights

You are currently viewing the United States website Institutional website. You can change your location here or visit other RBC GAM websites.
Welcome to the RBC Global Asset Management site for Institutional Investors

In order to proceed to the site, please accept our Terms & Conditions.

This RBC Global Asset Management (U.S.) Website is intended for institutional investors only.

For purposes of this Website, the term "Institutional" includes but is not limited to sophisticated non-retail investors such as investment companies, banks, insurance companies, investment advisers, plan sponsors, endowments, government entities, high net worth individuals and those acting on behalf of institutional investors. The Website contains information, material and content about RBC Global Asset Management (collectively, the “Information”).

The Website and the Information are provided for information purposes only and do not constitute an offer, solicitation or invitation to buy or sell a security, any other product or service, or to participate in any particular trading strategy. The Website and the Information are not directed at or intended for use by any person resident or located in any jurisdiction where (1) the distribution of such information or functionality is contrary to the laws of such jurisdiction or (2) such distribution is prohibited without obtaining the necessary licenses and such authorizations have not been obtained. Investment strategies may not be eligible for sale or available to residents of certain countries or certain categories of investors.

The Information is provided without regard to the specific investment objectives, financial situation or particular needs of any specific recipient and does not constitute investment, tax, accounting or legal advice. Recipients are strongly advised to make an independent review with an investment professional and reach their own conclusions regarding the investment merits and risks, legal, credit, tax and accounting aspects of any transactions.

Accept Decline
  • About us
  • News
  • RBC GAM announces the successful pricing of its fifth CLO across US

RBC GAM announces the successful pricing of its fifth CLO across US

press release
RBC Global Management (U.S.) • Jul 22, 2025

MINNEAPOLIS, July 22, 2025 – RBC Global Asset Management (U.S.) is pleased to announce that on July 22, 2025, the BlueBay Fixed Income team priced its 5th CLO across the U.S. This marks its 11th CLO across US and Europe at $400m.

Commenting on the transaction, Sid Chhabra, Head of BlueBay Securitized Credit & CLO Management and Euro High Yield at RBC Global Asset Management, said: “Not only does today’s CLO mark an important milestone for our US and European CLO Management program, but it is also a clear reflection of how far we have come as team in building our securitized credit and CLO presence, a key component of RBC BlueBay’s fixed income offering. Looking ahead, we have four further CLOs in the pipeline that we expect to issue over the course of the next year.”

What has been the growth story for the CLO business? The pricing of our latest CLO takes our Global CLO issuance to 11 deals in total. Establishing and building our CLO platform has been a very important component of growth in our wider Leveraged Finance and Securitized Credit business. Over the last 5 years, our Leveraged Finance and Securitized Credit business has grown from 10bn to nearly $25bn in AUM. In addition to the substantial growth in our CLO business, growth has also come from several funds and strategies including from building and growing our Securitized Credit business to nearly 5bn in AUM as well expanding into a wider range of funds dedicated to high yield and loans.

Our overall loan AUM has grown substantially over the past 5–6 years, including the pricing of the latest deals and confirmed inflows AUM is ~$5.8bn in loans , this growth has been fueled by three key factors:

·         CLO Issuance: as we have 11 deals globally today and aim to price approximately four deals per year.

·         HILF Inflows: $130 million of inflows into our dedicated European loan fund

·         Increased Loan Allocations: Strong demand for loans within our MAC products.



What are your plans for future CLO issuance? As we have just hit 11 CLOs globally, our expectation is to double this and reach twenty CLOs in the next 2-3 years. 

About RBC Global Asset Management
RBC Global Asset Management is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay and Phillips, Hager & North Investment Management. RBC Global Asset Management is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC Global Asset Management group of companies manage more than $534 billion USD in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.



For more information, please contact:
Tony Catinella, RBC Global Asset Management Corporate Communications, 617-763-7232

With respect to the investment performance presented, past performance is not indicative of future performance. Actual account performance may or will vary from the performance shown because of differences in market conditions; client-imposed investment restrictions; the time of client investments and withdrawals; tax considerations; economies of scale; portfolio turnover; the number, type, availability, and diversity of securities that can be purchased at a given time; differences in the underlying currency of the assets in the account, and other factors. Client assets managed using these strategies in separate accounts or different vehicles may be subject to restrictions, fees or expenses that are materially different than those found in the non-US funds. Some of the statements contained in this material may be considered forward-looking statements which provide current expectations or forecasts of future results or events. Forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Do not place undue reliance on these statements because actual results or events may differ materially from those described in such forward-looking statements as a result of various factors. Before making any investment decisions, we encourage you to consider all relevant factors carefully.

 

 

Disclosure

This material is provided by RBC Global Asset Management (RBC GAM) for informational purposes only and may not be reproduced, distributed or published without the written consent of RBC GAM or its affiliated entities listed herein. This material does not constitute an offer or a solicitation to buy or to sell any security, product or service in any jurisdiction; nor is it intended to provide investment, financial, legal, accounting, tax, or other advice and such information should not be relied or acted upon for providing such advice. This material is not available for distribution to investors in jurisdictions where such distribution would be prohibited.

RBC GAM is the asset management division of Royal Bank of Canada (RBC) which includes RBC Global Asset Management Inc. (RBC GAM Inc.), RBC Global Asset Management (U.S.) Inc. (RBC GAM-US), RBC Global Asset Management (UK) Limited (RBC GAM-UK), and RBC Global Asset Management (Asia) Limited (RBC GAM-Asia), which are separate, but affiliated subsidiaries of RBC.

In Canada, this material is provided by RBC GAM Inc. (including PH&N Institutional), each of which is regulated by each provincial and territorial securities commission with which it is registered. In the United States, this material is provided by RBC GAM-US, a federally registered investment adviser. In Europe this material is provided by RBC GAM-UK, which is authorised and regulated by the UK Financial Conduct Authority. In Asia, this material is provided by RBC GAM-Asia, which is registered with the Securities and Futures Commission (SFC) in Hong Kong.

Additional information about RBC GAM may be found at www.rbcgam.com.

This material has not been reviewed by, and is not registered with any securities or other regulatory authority, and may, where appropriate and permissible, be distributed by the above-listed entities in their respective jurisdictions.

Any investment and economic outlook information contained in this material has been compiled by RBC GAM from various sources. Information obtained from third parties is believed to be reliable, but no representation or warranty, express or implied, is made by RBC GAM, its affiliates or any other person as to its accuracy, completeness or correctness. RBC GAM and its affiliates assume no responsibility for any errors or omissions in such information.

Opinions contained herein reflect the judgment and thought leadership of RBC GAM and are subject to change at any time. Such opinions are for informational purposes only and are not intended to be investment or financial advice and should not be relied or acted upon for providing such advice. RBC GAM does not undertake any obligation or responsibility to update such opinions.

RBC GAM reserves the right at any time and without notice to change, amend or cease publication of this information.

Past performance is not indicative of future results. With all investments there is a risk of loss of all or a portion of the amount invested. Where return estimates are shown, these are provided for illustrative purposes only and should not be construed as a prediction of returns; actual returns may be higher or lower than those shown and may vary substantially, especially over shorter time periods. It is not possible to invest directly in an index.

Some of the statements contained in this material may be considered forward-looking statements which provide current expectations or forecasts of future results or events. Forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Do not place undue reliance on these statements because actual results or events may differ materially from those described in such forward-looking statements as a result of various factors. Before making any investment decisions, we encourage you to consider all relevant factors carefully.

® / TM Trademark(s) of Royal Bank of Canada. Used under licence.

© RBC Global Asset Management Inc., 2025