National Bank Investments (NBI) has formed a strategic partnership with Apollo Global Management to bring private credit opportunities to Canadian individual investors through the newly launched NBI Apollo Private Credit Fund. The fund officially opened to investors on May 1. 

Through the partnership, Canadian investors can gain exposure to private credit assets via the Apollo Debt Solutions BDC, a non-traded business development company focused on directly originated senior secured loans to large corporate borrowers, as well as allocations to broadly syndicated loans. The strategy will also maintain some exposure to middle-market direct lending opportunities. 

“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, VP, Investment Solutions at NBI, which has C$99 billion ($72 billion) in assets under management.   

The launch reflects Apollo’s growing emphasis on wealth management as a key distribution channel within its global credit business. Earlier this year, Apollo expanded its retail footprint through multiple initiatives, including the introduction of the Apollo Diversified Credit Securitize Fund (ACRED) in partnership with Securitize, which leverages blockchain technology to tokenize private credit exposure on Plume’s NEST real-world asset (RWA) platform. 

In parallel, Apollo also partnered with State Street Global Advisors to launch the SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV), bringing institutional private credit strategies to a broader retail audience via liquid ETF structures.