BlueBay brokers Barclays tie-up

The RBC affiliate will provide unitranche financing to UK corprorates in partnership with traditional lender Barclays.

BlueBay Asset Management has agreed a deal that will see it collaborate with investment bank Barclays to provide unitranche debt products to UK corporates.

Bluebay’s Direct Lending Fund will provide financing, with Barclays providing other banking services as well as additional capital. The initiative will provide unitranche packages of up to £120 million (€144 million; $196 million), the firms said in a statement.

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