Key Takeaways
- • Aviva Investors launched the Aviva Investors Short Term Private Debt Fund for Canadian institutional investors on 11 May 2026, opening with $230m in initial commitments.
- • The open-ended 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 investments primarily in the UK, Europe, the US, and Canada, and will be hedged to the Canadian dollar.
- • A rated feeder vehicle designed for insurers' general account balance sheet investing will be launched alongside the fund, in line with insurer governance frameworks.
- • Aviva Investors, which manages £262bn in assets under management as at 31 December 2025, cites a view that nearly half of global institutional investors expect asset-backed lending to deliver the best risk-adjusted private debt returns.
Summary
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, according to Benefits and Pensions Monitor. The Aviva Investors Short Term Private Debt Fund opened with $230m in initial commitments and is positioned as a vehicle for accessing global private credit markets.
The fund will allocate across real estate debt, infrastructure debt, private corporate debt, and structured finance, with the flexibility to hold public debt where appropriate. Its target investments are primarily in the UK, Europe, the US, and Canada. The fund will be hedged to the Canadian dollar, a structural feature relevant to Canadian institutional allocators managing currency exposure.
For Canadian insurers, Aviva Investors will also launch a rated feeder vehicle structured for general account balance sheet investing. The structure is designed to align with insurer governance frameworks, reflecting the particular constraints of insurance balance sheets.
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 launch follows a pooled fund providing institutional investors and wealth management firms access to the firm's Global Equity Income strategy, which was introduced in Canada in recent weeks.
The firm cites a view, attributed to Aviva Investors, that nearly half of global institutional investors now expect asset-backed lending to deliver the best risk-adjusted returns in private debt. Aviva Investors reported £262bn in assets under management as at 31 December 2025.
The fund will allocate across real estate debt, infrastructure debt, private corporate debt, and structured finance, with the flexibility to hold public debt where appropriate. Its target investments are primarily in the UK, Europe, the US, and Canada. The fund will be hedged to the Canadian dollar, a structural feature relevant to Canadian institutional allocators managing currency exposure.
For Canadian insurers, Aviva Investors will also launch a rated feeder vehicle structured for general account balance sheet investing. The structure is designed to align with insurer governance frameworks, reflecting the particular constraints of insurance balance sheets.
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 launch follows a pooled fund providing institutional investors and wealth management firms access to the firm's Global Equity Income strategy, which was introduced in Canada in recent weeks.
The firm cites a view, attributed to Aviva Investors, that nearly half of global institutional investors now expect asset-backed lending to deliver the best risk-adjusted returns in private debt. Aviva Investors reported £262bn in assets under management as at 31 December 2025.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.