National Bank Investments (NBI) and Apollo Global Management have partnered to expand access to private credit investments for Canadian accredited investors via a new fund.
The NBI Apollo Private Credit Fund, which has been available since 1 May and is managed by NBI, provides exposure to private credit opportunities in directly originated assets by investing in Apollo Debt Solutions BDC.
Read more: Apollo closes on $8.5bn in commitments for ‘Accord+’ credit strategy
The non-traded US business development company, Apollo Debt Solutions BDC, is focused on senior secured large corporate direct origination, broadly syndicated loans, as well as middle market direct lending, to a lesser extent.
“This offering marks a significant step forward in expanding access to private credit for a broader audience, reinforcing NBI’s and Apollo’s shared commitment to meeting investors’ growing demand for alternative investment solutions,” said Corinne Bélanger, vice president, investment solutions at NBI.
“With Apollo’s demonstrated leadership in private credit, we are confident this will empower eligible investors seeking a complimentary institutional-grade strategy for their portfolios.”
NBI, an indirect wholly owned subsidiary of National Bank of Canada, had assets under management of more than $98.92bn in NBI products at the end of March this year.
Read more: Apollo buys bonds linked to private credit funds
Apollo, a global alternative asset manager, oversees $785bn (£582bn) in assets and operates 16 origination platforms focused on asset-backed and specialty lending that originate tens of billions in assets on an annual basis for Apollo clients and third parties.
“As part of our ongoing efforts to deliver institutional-quality private investments for individuals, Canadian advisors and their clients will be able to access private credit solutions that can increase portfolio diversification and help achieve their financial objectives,” added Stephanie Drescher, partner and chief client and product development officer at Apollo.
Apollo reported record fee-related earnings of $599m in the first quarter of 2025, although profit declined.
It saw record inflows during the quarter of $43bn, which it attributed to particularly strong demand for credit-focused strategies.
