T. Rowe Price Debuts $403.59 Million CLO to Expand Fixed Income Platform
T. Rowe Price launched its ROWE CLO 2026-1 Ltd. debuting with a $403.59 million portfolio of broadly syndicated first-lien loans as its first CLO issuance. The firm’s fixed income arm now manages $335 billion AUM, including $17 billion in bank loans and CLO tranches as of Feb. 28, 2026.
1. Debut of ROWE CLO 2026-1 Ltd.
T. Rowe Price entered the CLO market with the launch of ROWE CLO 2026-1 Ltd., a $403.59 million collateralized loan obligation primarily secured by broadly syndicated first-lien loans. Wells Fargo Securities served as arranger, placement agent, and structuring agent for the deal, which marks the firm’s first issuance as a CLO sponsor.
2. Management and Strategic Objectives
The CLO is co-managed by Steve Finamore and Adam Goldberg, who collaborate with Paul Massaro, CIO and head of Global High Yield. Eric Veiel, CIO and head of Global Investments, and Arif Husain, CIO of Global Fixed Income, emphasize the initiative’s role in deepening client relationships and establishing a consistent CLO issuance platform.
3. Scale of Fixed Income Platform
As of February 28, 2026, T. Rowe Price’s fixed income platform oversees $335 billion in assets under management, including $40 billion in leveraged credit and structured finance and $17 billion in combined bank loans and CLO tranche investments, alongside $119 billion in multi-asset fixed income portfolios.