BCI launches Investment Grade Private Credit Fund with C$1.8 billion seeded

BCI announced on July 2, 2026 the launch of an Investment Grade Private Credit Fund within Capital Markets & Credit Investments. It opened with C$1.8 billion in direct co-investment commitments and targeted C$13 billion of investment deployment across three years. The program focuses on privately negotiated investment-grade corporate debt and asset-backed financing, predominantly in North America and Europe. BCI said the strategy builds on its Principal Credit Fund, which had grown to C$22.2 billion of AUM. The three-year deployment target is not the same as a fund final close or target fundraising amount.