A tailored approach to private debt investing

A tailored approach allows us to closely match investors’ objectives – from infrastructure and real estate, to bespoke private asset-based lending and specialty finance, structured credit, and corporate lending in the form of bilateral or club financings.

We have a clear focus on risk management, with strong controls through the use of assets as collateral, financial covenants and, where appropriate, seniority within the capital structure. Our independent credit research team ensures robust governance and our investment process is disciplined and rigorous.

Why invest?

Private debt solutions can offer attractive, recurring cash flows to meet a variety of income and liability matching objectives.

Conviction in scale

Our scale gives us a commercially competitive advantage and access to a wide range of transactions. The ability to source bespoke deals across investment-grade and sub-investment-grade investments allows us to deliver against a range of client investment objectives.

Multi-asset opportunistic mindset

We collaborate and think as one private markets business, allowing us to capture optimal relative value for our clients throughout market cycles. We believe the ability to leverage skills and insights across capabilities drives superior investment decisions.

Responsibility built-in

Our ESG framework and in-house team are fully embedded into the investment process, helping us manage risk and identify exciting opportunities, providing access to sustainable assets such as renewables and sustainable real estate loans.*

*ESG integration means the integration of ESG factors and consideration of sustainability risk as part of the investment decision making process. This process is applied beyond any specific binding constraints (in the objective or strategy of the fund as detailed in the prospectus or investment management agreement and in accordance with our Baseline Exclusions Policy). The investment manager retains discretion on decision making taking all risks into account, beyond any binding criteria.

Private debt strategies

Structured Finance

Bespoke deals including private asset-based lending such as aviation, trade finance, swap repacks, collateralised loan obligations, other specialty assets with strong risk controls. These can help investors source cashflows for needs such as matching-adjustment eligibility.

Private Corporate Debt

Private placements and bilateral loans, with strong covenants across a variety of profiles and maturities to help improve risk-adjusted returns.

Key risks of private debt

Investment risk

The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.

Real Estate Risk

Investments can be made in real estate, infrastructure and illiquid assets. Investors may not be able to switch or cash in an investment when they want to because real estate may not always be readily saleable. If this is the case we may defer a request to switch or cash in shares or units. Investors should also bear in mind that the valuation of real estate is generally a matter of valuers’ opinion rather than fact.

Investment insights

Investment thinking that brings together the collective insight of Aviva Investors’ teams from across the globe on the key themes influencing markets.

Seizing the moment: The outlook for real estate debt

Gregor Bamert, Sima Kotecha and Nick Solomon discuss the recovery in real estate debt markets in 2024 and the opportunities emerging.

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Private Markets Study 2025

In the seventh edition of the study, we collected the views of 500 institutional investors around the world. We delved into some of the key questions facing private market investors today: Why do they invest in private markets? How do they expect the asset classes to perform over the next few years? What are the biggest barriers to investing today? And how do they incorporate sustainability?

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House View

No one can predict the future. But our quarterly House View sets out the collective wisdom of our investment teams on the current state of global markets – and where they might be heading.

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Private debt team

Meet our Private debt investment team.

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Private markets

As one of Europe’s largest private markets investment managers, we have the scale to access the full depth and breadth of private markets.