The multi-sector solution, designed for UK Defined Contribution pension plans, will be the first sub-fund launched under the manager's broader Private Markets LTAF umbrella.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
Launching with £74 million in capital commitments, the fund targets UK defined contribution schemes, offering exposure across corporate, infrastructure, and real estate debt.
The Luxembourg-domiciled fund provides exposure to credit investments that are fully insured by A- and AA-rated global insurers.
The credit secondaries vehicle will reportedly acquire loans from the manager's existing portfolio and provide fresh capital for new lending.
The fund, which marks the firm's entry into investment management, will focus on acquiring, renovating, and expanding sustainable office buildings across key UK cities.
Aviva's third LTAF, launched in 2024, targets diversified investment opportunities across the private debt spectrum.
The new offering is available through the Alts Europe Private Credit Fund, an ELTIF 2.0 vehicle managed by the firm's alternatives asset management arm.
This latest addition brings the seasoned manager's evergreen shelf to 13 funds, since launching the platform in 2019.
The fund provides pension savers access to a range of private market investments, including infrastructure, private equity, and real estate.
