Destra Capital has a strategic partnership with RBC Global Asset Management (U.S.) Inc. (RBC GAM-U.S.), whereby the latter shall be the marketer and distributor of the RBC BlueBay Enhanced Income Fund. This alliance is built on RBC GAM-U.S.’s strengths in the area of alternative credit investing and on Destra’s distribution channels to give access to financial advisors’ innovative differentiated income-oriented investments. The new fund will Mostly invest in both equity and junior debt tranches of CLOs and will keep a degree of investment flexibility by the way it can also invest in other structured credit securities. RBC BlueBay Securitized Credit team located in the U.S. and U.K. will be handling the management of the fund.
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This partnership in the area of alternative credit is now the second such collaboration between these companies, the first having taken off in the form of the BlueBay Destra International Event-Driven Credit Fund in 2018. “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. “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 partnership reflects growing demand for diversified, income-oriented alternative investment strategies among intermediary investors.
