Latest news with #Apera
Yahoo
3 days ago
- Business
- Yahoo
Franklin Templeton Continues Expansion of Alternatives Platform with Agreement to Acquire Apera
Acquisition will broaden Franklin Templeton's capabilities in European private credit LONDON, June 04, 2025--(BUSINESS WIRE)--Franklin Resources, Inc. [NYSE: BEN], a global investment management organisation operating as Franklin Templeton, today announced it has entered into a definitive agreement to acquire a majority interest in Apera Asset Management ("Apera"), a pan-European private credit firm with over €5 billion in assets under management ("AUM"). The acquisition will expand Franklin Templeton's global alternatives platform and its direct lending capabilities across Europe's growing lower middle market. With the acquisition of Apera, Franklin Templeton's global alternative credit AUM would increase to $87 billion and the firm's total pro-forma alternative asset AUM would grow to approximately $260 billion, each as of 30 April, 2025, reinforcing its position as a leading manager of diversified alternative asset strategies. Apera will be complementary to Franklin Templeton's existing global alternative credit offerings, alongside Benefit Street Partners in the U.S. and Alcentra in Europe, further diversifying the firm's geographic exposure and capabilities within the private credit asset class. Founded in 2016, Apera provides senior secured private capital solutions to private equity-backed companies in Western Europe. Headquartered in London, with offices in Germany, France, and Luxembourg, Apera has built a strong track record of disciplined underwriting and deep sponsor relationships and brings differentiated capabilities and expertise in the pan-European lower middle market - a segment that remains underserved relative to the broader private credit landscape. Apera recently closed its third flagship fund family at €2.9 billion, exceeding its target and reflecting investor demand for access to European private credit. "This transaction with Franklin Templeton marks an exciting new chapter for Apera," said Klaus Petersen, Founding Partner of Apera. "We share a long-term vision centered on performance and responsible growth. With Franklin Templeton's global scale and clear commitment to alternatives, we are well-positioned to accelerate the growth of our strategy and expand our reach while continuing to deliver for our investors." "Apera is a strong strategic fit for our platform," said David Manlowe, CEO of Benefit Street Partners. "Their focus on the European lower middle market adds a new dimension to our global private credit capabilities. It's a segment distinct from those served by BSP and Alcentra, and one where Apera's local expertise and disciplined underwriting approach provide access to attractive, risk-adjusted returns." "The acquisition of Apera reflects our continued commitment to building a world-class global alternatives platform," said Jenny Johnson, CEO of Franklin Templeton. "We are pleased to welcome Apera's outstanding team and believe our combined capabilities will deliver even greater value to clients globally." This transaction is expected to close in Q3 2025, subject to customary regulatory approvals and closing conditions. About Franklin Templeton Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialisation on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.54 trillion in assets under management as of 30 April, 2025. Franklin Templeton is one of the largest managers in alternative assets globally, amounting to US$254 billion of the firm's total AUM as of 30 April, 2025. Its specialist investment managers, each with deep domain expertise, provide a diverse range of alternative asset capabilities including private credit and real estate debt from Benefit Street Partners-Alcentra, real estate equity from Clarion Partners, secondary private equity and co-investments from Lexington Partners, hedged strategies from Franklin Templeton Investment Solutions and pre-IPO growth equity investments from Franklin Venture Partners. For more information, please visit About Apera Apera is a pan-European mid-market private debt investor operating in DACH, the UK, Nordics, France and Benelux with a team of 55 people. It develops long-term partnerships with sponsors, companies, and advisors by providing bespoke financing solutions that enable lower mid-market businesses in Western Europe to grow and thrive, whilst producing attractive returns. Apera is focused on bringing a new standard of transparency to the private debt market. It strives to maintain the highest standards of integrity, promoting collaborative teamwork and drawing on its wealth of experience in long-term private debt investment. Apera Asset Management LLP is authorised and regulated by the UK Financial Conduct Authority (FCA). Apera Asset Management GmbH is authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) and the Chamber of Industry and Commerce of Munich and Upper Bavaria. Apera Asset Management GmbH – French branch is authorised and regulated by BaFin, the French Prudential Supervision and Resolution Authority (ACPR) and the French Financial Markets Authority (AMF). View source version on Contacts Media Contacts Franklin Templeton Dorine +44 (0)20 7073 8538 Apera / Kepler Communications Charlotte BalbirnieCBalbirnie@ +44 (0)7989 528421
Business Wire
3 days ago
- Business
- Business Wire
Franklin Templeton Continues Expansion of Alternatives Platform with Agreement to Acquire Apera
LONDON--(BUSINESS WIRE)--Franklin Resources, Inc. [NYSE: BEN], a global investment management organisation operating as Franklin Templeton, today announced it has entered into a definitive agreement to acquire a majority interest in Apera Asset Management ('Apera'), a pan-European private credit firm with over €5 billion in assets under management ('AUM'). The acquisition will expand Franklin Templeton's global alternatives platform and its direct lending capabilities across Europe's growing lower middle market. With the acquisition of Apera, Franklin Templeton's global alternative credit AUM would increase to $87 billion and the firm's total pro-forma alternative asset AUM would grow to approximately $260 billion, each as of 30 April, 2025, reinforcing its position as a leading manager of diversified alternative asset strategies. Apera will be complementary to Franklin Templeton's existing global alternative credit offerings, alongside Benefit Street Partners in the U.S. and Alcentra in Europe, further diversifying the firm's geographic exposure and capabilities within the private credit asset class. Founded in 2016, Apera provides senior secured private capital solutions to private equity-backed companies in Western Europe. Headquartered in London, with offices in Germany, France, and Luxembourg, Apera has built a strong track record of disciplined underwriting and deep sponsor relationships and brings differentiated capabilities and expertise in the pan-European lower middle market - a segment that remains underserved relative to the broader private credit landscape. Apera recently closed its third flagship fund family at €2.9 billion, exceeding its target and reflecting investor demand for access to European private credit. 'This transaction with Franklin Templeton marks an exciting new chapter for Apera,' said Klaus Petersen, Founding Partner of Apera. 'We share a long-term vision centered on performance and responsible growth. With Franklin Templeton's global scale and clear commitment to alternatives, we are well-positioned to accelerate the growth of our strategy and expand our reach while continuing to deliver for our investors.' 'Apera is a strong strategic fit for our platform,' said David Manlowe, CEO of Benefit Street Partners. 'Their focus on the European lower middle market adds a new dimension to our global private credit capabilities. It's a segment distinct from those served by BSP and Alcentra, and one where Apera's local expertise and disciplined underwriting approach provide access to attractive, risk-adjusted returns.' 'The acquisition of Apera reflects our continued commitment to building a world-class global alternatives platform,' said Jenny Johnson, CEO of Franklin Templeton. 'We are pleased to welcome Apera's outstanding team and believe our combined capabilities will deliver even greater value to clients globally.' This transaction is expected to close in Q3 2025, subject to customary regulatory approvals and closing conditions. About Franklin Templeton Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialisation on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.54 trillion in assets under management as of 30 April, 2025. Franklin Templeton is one of the largest managers in alternative assets globally, amounting to US$254 billion of the firm's total AUM as of 30 April, 2025. Its specialist investment managers, each with deep domain expertise, provide a diverse range of alternative asset capabilities including private credit and real estate debt from Benefit Street Partners-Alcentra, real estate equity from Clarion Partners, secondary private equity and co-investments from Lexington Partners, hedged strategies from Franklin Templeton Investment Solutions and pre-IPO growth equity investments from Franklin Venture Partners. For more information, please visit About Apera Apera is a pan-European mid-market private debt investor operating in DACH, the UK, Nordics, France and Benelux with a team of 55 people. It develops long-term partnerships with sponsors, companies, and advisors by providing bespoke financing solutions that enable lower mid-market businesses in Western Europe to grow and thrive, whilst producing attractive returns. Apera is focused on bringing a new standard of transparency to the private debt market. It strives to maintain the highest standards of integrity, promoting collaborative teamwork and drawing on its wealth of experience in long-term private debt investment. Apera Asset Management LLP is authorised and regulated by the UK Financial Conduct Authority (FCA). Apera Asset Management GmbH is authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) and the Chamber of Industry and Commerce of Munich and Upper Bavaria. Apera Asset Management GmbH – French branch is authorised and regulated by BaFin, the French Prudential Supervision and Resolution Authority (ACPR) and the French Financial Markets Authority (AMF).
Associated Press
30-04-2025
- Business
- Associated Press
Apera Surpasses Hard Cap to Close €2.9 billion Private Debt Fund III
LONDON--(BUSINESS WIRE)--Apr 30, 2025-- Apera Asset Management ('Apera'), a leading private debt asset manager providing private capital solutions to lower mid-market companies in Western Europe, is pleased to announce the final close of Apera Private Debt Fund III ('Fund III'), securing total commitments of €2.9 billion including related vehicles and leverage. Apera's Private Debt strategy focuses on senior secured unitranche financings across Europe. The capital raised surpasses the fund's original hard cap and represents a doubling in size over Apera's prior private debt fund, highlighting the strength of Apera's investment platform and its track record in delivering private credit across its core European markets. Apera's proven strategy is resonating with a continuously growing institutional investor base, with Fund III receiving strong support from existing and new investors who recognise the appeal and significance of the European lower-mid market. Apera's institutional investor base has broadened out considerably and now includes pension funds, insurers, sovereign wealth funds and endowments globally but particularly from Northern Europe, Asia, and North America. Since inception, Apera has committed over €4 billion to 75 businesses, underpinned by its deep local relationships across its network of offices in Munich, London, Paris and Luxembourg. Firm AUM now stands at €5 billion with the new fund already substantially deployed. Klaus Petersen, Founding Partner at Apera, said: 'We are deeply grateful to our existing and new investors for their support and are thrilled to have closed Apera's third private debt fund – exceeding our initial hard cap and raising more than twice the amount of Fund II. This achievement is testament to the success and established reputation of the Apera platform and the hard work of our growing investment team. Building on our strong partnerships with leading private equity sponsors and companies, we empower lower mid-market companies across key European markets to grow and thrive. We will continue our unwavering commitment to delivering attractive returns while ensuring strong downside protection, achieved through our rigorous, disciplined investment approach that consistently generates strong outcomes for our investors. We have developed one of Europe's leading private debt platforms and are poised to expand further with the launch of a Senior Loan strategy. This strategic expansion will further enable Apera to capitalise on the significant long-term growth opportunities within the European private credit market.' Apera's Private Debt strategy focusses on senior secured financings in German-speaking Europe (DACH), the UK, Nordics, France and Benelux. Target investments range from €15 million to €100 million with an emphasis upon providing bespoke financing solutions to strong businesses with robust management which demonstrate downside resilience, competitive market positioning and attractive long-term growth prospects. Campbell Lutyens acted as global placement agent to Apera on the fundraise with Debevoise & Plimpton serving as legal counsel. About Apera Apera is a pan-European mid-market private debt investor operating in DACH, the UK, Nordics, France and Benelux with a team of 53 people. We develop long-term partnerships with sponsors, companies, and advisors by providing bespoke financing solutions that enable lower mid-market businesses in Western Europe to grow and thrive, whilst producing attractive returns. Apera is focused on bringing a new standard of transparency to the private debt market. We strive to maintain the highest standards of integrity, promoting collaborative teamwork, and drawing on our wealth of experience in long-term private debt investment. Apera Asset Management LLP is authorised and regulated by the UK Financial Conduct Authority (FCA). Apera Asset Management GmbH is authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) and the Chamber of Industry and Commerce of Munich and Upper Bavaria. Apera Asset Management GmbH – French branch is authorised and regulated by BaFin, the French Prudential Supervision and Resolution Authority (ACPR) and the French Financial Markets Authority (AMF). IMPORTANT INFORMATION This is a marketing communication with regard to Apera Private Debt Fund III ('Fund III'). Fund III has held its final closing; a subscription for interests in the fund is therefore no longer possible. This communication is provided solely for information purposes. This communication is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of an offer to buy interests in Fund III or any other Apera fund. Investors interested in Apera and its funds should, when taking into consideration this information about Fund III, consider that an investment in Fund III involves a high degree of risk and is only suitable for investors who are capable of evaluating and bearing the risks it represents. There can be no assurance that Fund III will be able to achieve its investment objectives or that investors will receive a return of their capital. Any investment decision in relation to any Apera fund should only be made on the basis of a thorough review of the legal offering documents, including the private placement memorandum, constitutional documents, and subscription documents of the relevant fund, and after seeking independent financial, legal, and tax advice. Investors interested in an investment in an Apera fund should refer to the private placement memorandum of the respective fund before making any final investment decisions. View source version on CONTACT: For further information, please contact:Investors: Dr. Klaus Petersen +49 89 2620 75755 [email protected] Wilmot +44 (0) 20 3871 2534 [email protected] Tilley +44 20 7898 8579 [email protected]: Kepler Communications Charlotte Balbirnie +44 (0)7989 528421 [email protected] Villiers +44 (0)7808 585184 [email protected] KEYWORD: EUROPE IRELAND UNITED KINGDOM INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Apera Asset Management Copyright Business Wire 2025. PUB: 04/30/2025 03:00 AM/DISC: 04/30/2025 02:59 AM
Business Wire
30-04-2025
- Business
- Business Wire
Apera Surpasses Hard Cap to Close €2.9 billion Private Debt Fund III
LONDON--(BUSINESS WIRE)--Apera Asset Management ('Apera'), a leading private debt asset manager providing private capital solutions to lower mid-market companies in Western Europe, is pleased to announce the final close of Apera Private Debt Fund III ('Fund III'), securing total commitments of €2.9 billion including related vehicles and leverage. Apera's Private Debt strategy focuses on senior secured unitranche financings across Europe. The capital raised surpasses the fund's original hard cap and represents a doubling in size over Apera's prior private debt fund, highlighting the strength of Apera's investment platform and its track record in delivering private credit across its core European markets. Apera's proven strategy is resonating with a continuously growing institutional investor base, with Fund III receiving strong support from existing and new investors who recognise the appeal and significance of the European lower-mid market. Apera's institutional investor base has broadened out considerably and now includes pension funds, insurers, sovereign wealth funds and endowments globally but particularly from Northern Europe, Asia, and North America. Since inception, Apera has committed over €4 billion to 75 businesses, underpinned by its deep local relationships across its network of offices in Munich, London, Paris and Luxembourg. Firm AUM now stands at €5 billion with the new fund already substantially deployed. Klaus Petersen, Founding Partner at Apera, said: 'We are deeply grateful to our existing and new investors for their support and are thrilled to have closed Apera's third private debt fund – exceeding our initial hard cap and raising more than twice the amount of Fund II. This achievement is testament to the success and established reputation of the Apera platform and the hard work of our growing investment team. Building on our strong partnerships with leading private equity sponsors and companies, we empower lower mid-market companies across key European markets to grow and thrive. We will continue our unwavering commitment to delivering attractive returns while ensuring strong downside protection, achieved through our rigorous, disciplined investment approach that consistently generates strong outcomes for our investors. We have developed one of Europe's leading private debt platforms and are poised to expand further with the launch of a Senior Loan strategy. This strategic expansion will further enable Apera to capitalise on the significant long-term growth opportunities within the European private credit market." Apera's Private Debt strategy focusses on senior secured financings in German-speaking Europe (DACH), the UK, Nordics, France and Benelux. Target investments range from €15 million to €100 million with an emphasis upon providing bespoke financing solutions to strong businesses with robust management which demonstrate downside resilience, competitive market positioning and attractive long-term growth prospects. Campbell Lutyens acted as global placement agent to Apera on the fundraise with Debevoise & Plimpton serving as legal counsel. About Apera Apera is a pan-European mid-market private debt investor operating in DACH, the UK, Nordics, France and Benelux with a team of 53 people. We develop long-term partnerships with sponsors, companies, and advisors by providing bespoke financing solutions that enable lower mid-market businesses in Western Europe to grow and thrive, whilst producing attractive returns. Apera is focused on bringing a new standard of transparency to the private debt market. We strive to maintain the highest standards of integrity, promoting collaborative teamwork, and drawing on our wealth of experience in long-term private debt investment. Apera Asset Management LLP is authorised and regulated by the UK Financial Conduct Authority (FCA). Apera Asset Management GmbH is authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) and the Chamber of Industry and Commerce of Munich and Upper Bavaria. Apera Asset Management GmbH – French branch is authorised and regulated by BaFin, the French Prudential Supervision and Resolution Authority (ACPR) and the French Financial Markets Authority (AMF). IMPORTANT INFORMATION This is a marketing communication with regard to Apera Private Debt Fund III ('Fund III'). Fund III has held its final closing; a subscription for interests in the fund is therefore no longer possible. This communication is provided solely for information purposes. This communication is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of an offer to buy interests in Fund III or any other Apera fund. Investors interested in Apera and its funds should, when taking into consideration this information about Fund III, consider that an investment in Fund III involves a high degree of risk and is only suitable for investors who are capable of evaluating and bearing the risks it represents. There can be no assurance that Fund III will be able to achieve its investment objectives or that investors will receive a return of their capital. Any investment decision in relation to any Apera fund should only be made on the basis of a thorough review of the legal offering documents, including the private placement memorandum, constitutional documents, and subscription documents of the relevant fund, and after seeking independent financial, legal, and tax advice. Investors interested in an investment in an Apera fund should refer to the private placement memorandum of the respective fund before making any final investment decisions.
