Destra Capital (Destra) announced a strategic partnership with RBC Global Asset Management (U.S.) Inc. (RBC GAM-U.S.) to market and distribute the new RBC BlueBay Enhanced Income Fund.
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This collaboration combines RBC GAM-U.S.’s global investment experience with Destra’s specialized distribution capabilities, enabling both firms to deliver differentiated alternative investment solutions to intermediary investors. This partnership leverages RBC GAM-U.S.’s strength in credit strategies and Destra’s alternative distribution network to address growing demand for income-oriented, alternative investments.
“We are thrilled to expand our partnership with RBC Global Asset Management-U.S., a globally respected manager in alternative credit investing,” said Dominic Martellaro, CEO of Destra Capital. “This collaboration reflects our shared dedication to innovation and client success. By uniting Destra’s distribution expertise with RBC GAM-U.S.’s investment prowess, we will provide advisors with tools to help navigate complex markets and potentially provide additional value to their clients.”
The RBC BlueBay Enhanced Income Fund will be primarily investing in equity and junior debt tranches of collateralized loan obligations (CLOs), with the flexibility to invest in other structured credit securities, managed by the RBC BlueBay Securitized Credit team with offices in both the US and the UK.
“This partnership marks a significant step forward in delivering innovative alternative solutions to financial intermediaries and wealth management platforms,” said Donald Sanya, CEO of RBC Global Asset Management-U.S. “By combining RBC GAM’s deep credit experience with Destra’s alternatives distribution platform, we are well positioned to address the evolving needs of financial advisors and their clients seeking diversified income strategies. Together, we will expand access to high-quality, alternative investment opportunities to help meet our clients’ long-term financial goals.”
This will mark the second alternative credit vehicle that Destra and RBC have partnered on. In 2018, Destra launched the BlueBay Destra International Event-Driven Credit Fund, with Destra Capital Advisors LLC as Adviser and RBC Global Asset Management (UK) Limited (“RBC BlueBay”) as Sub-Adviser. The BlueBay Destra International Event-Driven Credit Fund has been in the market for over eight years and focuses on stressed, distressed and other global credit opportunities in developed markets.
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