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  • RBC Global Asset Management Prices Seventh U.S. Collateralized Loan Obligation (CLO)

RBC Global Asset Management Prices Seventh U.S. Collateralized Loan Obligation (CLO)

press release
RBC Global Management (U.S.) • Jun 2, 2026

• RBC Global Asset Management prices 16th CLO since 2020 across Europe and U.S.

•  BlueBay's leveraged finance and securitized credit platform grows to over $28 billion as of May 20,2026, more than tripling from $9 billion pre-pandemic

• GAM’s new CLO attracted orders from a diverse investor base

STAMFORD, CT, June 2, 2026 — RBC Global Asset Management ("RBC GAM") today announced the pricing of a $400 million collateralized loan obligation ("CLO"), marking the firm's seventh CLO issuance in the United States.

The transaction reflects continued momentum for RBC GAM's global CLO platform, which has now priced 16 CLOs since its launch in 2020. The BlueBay securitized credit and CLO management business, a cornerstone of the broader BlueBay leveraged finance and securitized credit platform, has grown significantly to exceed $28 billion in assets under management as of the CLO’s issuance date of May 20, 226, up from $9 billion pre-pandemic.

"We are delighted to announce the pricing of our most recent CLO, the latest milestone for our global CLO platform," said Sid Chhabra, Head of Securitized Credit & CLO Management and Euro High Yield at RBC GAM. "This marks the 16th CLO we have priced, underscoring the continued strength of our global CLO franchise and the appeal of our active investment approach.”

The $400 million offering attracted robust and diverse institutional investor support.

"We believe the strong order book and diverse institutional investor participation in  our latest CLO demonstrates investor’s confidence in our disciplined, active portfolio management approach," added Matt Maggio, Senior BlueBay Portfolio Manager at RBC Global Asset Management. "Our focus on relative value generation and proactive credit monitoring continues to resonate with institutional investors seeking differentiated return potential in the CLO market."

Established in 2020, RBC BlueBay's CLO platform leverages a team of over 40 investment professionals dedicated to high yield and loan investments. The platform is driven by its active management approach, which focuses on relative value generation, alpha1 creation, and rapid response to credit deterioration—supported by BlueBay's 20+ year heritage in leveraged finance investing.

1 Alpha is a risk-adjusted performance measurement of a portfolio’s excess return relative to its benchmark after considering its risk relative to the benchmark.

About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM 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. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional), manage more than $572 billion USD in assets (as of December 31, 2025) 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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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 the relevant affiliated entity listed herein. 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, the material may be distributed by RBC GAM Inc., (including PH&N Institutional), which is regulated by each provincial and territorial securities commission. In the United States (US), this material may be distributed by RBC GAM-US, an SEC registered investment adviser. In the United Kingdom (UK) the material may be distributed by RBC GAM-UK, which is authorised and regulated by the UK Financial Conduct Authority (FCA), registered with the US Securities and Exchange Commission (SEC), and a member of the National Futures Association (NFA) as authorised by the US Commodity Futures Trading Commission (CFTC). In the European Economic Area (EEA), this material may be distributed by BlueBay Funds Management Company S.A. (BBFM S.A.), which is regulated by the Commission de Surveillance du Secteur Financier (CSSF). In Germany, Italy, Spain and Netherlands the BBFM S.A. is operating under a branch passport pursuant to the Undertakings for Collective Investment in Transferable Securities Directive (2009/65/EC) and the Alternative Investment Fund Managers Directive (2011/61/EU). In Switzerland, the material may be distributed by BlueBay Asset Management AG where the Representative and Paying Agent is BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. In Japan, the material may be distributed by BlueBay Asset Management International Limited, which is registered with the Kanto Local Finance Bureau of Ministry of Finance, Japan. Elsewhere in Asia, the material may be distributed by RBC GAM-Asia, which is registered with the Securities and Futures Commission (SFC) in Hong Kong. In Australia, RBC GAM-UK is exempt from the requirement to hold an Australian financial services license under the Corporations Act in respect of financial services as it is regulated by the FCA under the laws of the UK which differ from Australian laws. All distribution-related entities noted above are collectively included in references to “RBC GAM” within this material.

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