A new $230 million fund opens access to global private credit markets
Nearly half of global institutional investors now expect asset-backed lending to deliver the best risk-adjusted returns in private debt, according to Aviva Investors, and the firm is betting Canadian institutions share that view.
Aviva Investors, the asset management arm of Aviva plc, launched an open-ended short-term private credit fund for Canadian institutional investors on 11 May, opening with $230m in initial commitments.
The Aviva Investors Short Term Private Debt Fund will allocate across real estate debt, infrastructure debt, private corporate debt, and structured finance, with the option to hold public debt where appropriate.
The fund targets investment opportunities primarily in the UK, Europe, the US, and Canada, and will be hedged to the Canadian dollar.
For Canadian insurers, the firm will also launch a rated feeder vehicle structured for general account balance sheet investing, in line with insurer governance frameworks.
Duane Green, CEO of Americas at Aviva Investors, said the fund gives Canadian institutional investors access to opportunities across those four markets, and reflects the firm's intent to offer products that meet investor needs in the region.
The fund is the second Aviva Investors has launched for the Canadian market in recent weeks, following a pooled fund providing institutional investors and wealth management firms access to its Global Equity Income strategy.
Aviva Investors manages £262bn in assets under management as at 31 December 2025.
