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- RBC GAM announces the successful pricing of its fifth CLO across US
RBC Global Management (U.S.) • Jul 22, 2025
MINNEAPOLIS, July 22, 2025 – RBC Global Asset Management-U.S. (RBC GAM-U.S.) is pleased to announce that on July 22, 2025, the BlueBay Fixed Income team priced its fifth CLO across the U.S. This marks its 11th CLO across the U.S. and Europe at $400 million.
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 five years, RBC GAM's Leveraged Finance and Securitized Credit business has grown from $10 billion USD to nearly $25 billion USD 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 5 billion 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
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