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RBC Poised to Give Rich Clients Access to Private Credit Market

  • Brookfield arm, Blue Owl among asset managers engaged in talks
  • Bank plans to begin offering funds to clients later this year
Royal Bank of Canada is in talks with several fund providers to steer individual investors into the burgeoning private-credit market.

Royal Bank of Canada is in talks with several fund providers to steer individual investors into the burgeoning private-credit market.

Photographer: Cole Burston/Bloomberg

Royal Bank of Canada is in talks with several fund providers to steer individual investors into the burgeoning private-credit market.

The discussions include Brookfield Oaktree Wealth Solutions and Blue Owl Capital Inc., among others, people familiar with the matter said. These firms have become a bigger source of financing to companies as banks retrench from risky lending. RBC’s goal is to bring hard-to-trade corporate debt -- and the promise of higher returns than plain vanilla bonds -- to its clients.