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.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
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.