The European debt fund arm of Royal Bank of Canada, BlueBay Asset Management, is in the process of finalising commitments for a €450 million credit fund, allowing the firm to start issuing loans to Irish SMEs by the end of June, the firm confirmed with Private Debt Investor.
NPRF helps BlueBay towards €450m goal
Irish pension fund National Pension Reserve Fund (NPRF), chaired by Paul Carty (pictured), has made a cornerstone commitment of up €350m to BlueBay SME Credit Fund.
