RBC to manage $1.3 billion Indosuez Capital Funding IV CDO

New York, Jan. 3 - RBC Capital Markets said its RBC Leveraged Capital unit has been named as manager for Indosuez Capital Funding IV LP, a $1.3 billion collateralized debt obligation.

The CDO invests primarily in high yield bonds and private mezzanine debt securities and will now be managed by a team headed by Daniel Smith.

Smith recently joined RBC from Indosuez Capital, where he oversaw the company's development into one of the leading managers of collateralized debt obligation funds, according to RBC.

"RBC Leveraged Capital's appointment to manage the fund underscores investors' recognition of RBC Capital Markets' commitment to the asset management business and the excellent team we have," said Smith in a news release.

RBC Leveraged Capital was formed in October 2001 to focus on providing acquisition financing for middle-market leveraged buyouts and to manage a diverse pool of non-investment grade assets, including leveraged loans, high yield bonds and private mezzanine investments through collateralized debt obligation funds.

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