T. Rowe Price enters CLO market with US$404 million debut offering

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  • T. Rowe Price entered CLO issuance with ROWE CLO 2026-1 Ltd., a US$ 403.6 million vehicle backed mainly by broadly syndicated first-lien loans.
  • Activity will run through investment adviser T. Rowe Price Associates as extension of fixed income platform.
  • Firm positioned move as expansion of higher-income offerings tied to its bank loan franchise, which began investing in bank loans in 2002.
  • Steve Finamore, Adam Goldberg named co-portfolio managers for CLO, working with Paul Massaro on leveraged credit strategy.
  • T. Rowe Price reported fixed income assets under management of US$ 335 billion as of Feb. 28, 2026.


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