Franklin Templeton has completed its latest expansion bid, closing the acquisition of Apera Asset Management.
Pan-European private credit company Apera holds more than €5 billion in assets under management (AUM). Its gross profits were up 59% year-on-year at the end of 2024, with a reported £8.8 billion.
The news follows a series of acquisitions by the investment firm, including European alternative credit manager Alcentra in 2022 and global asset manager Putnam Investments (US$142 billion AUM) in 2024. Franklin Templeton now holds more than US$90 billion in alternative credit AUM, and US$270 billion across its alternative assets strategies.
READ MORE: Franklin Templeton to buy Putnam Investments
Apera provides private capital services to private equity-backed companies across Western Europe, with a focus on the lower middle market. Its acquisition by Franklin Templeton was first announced in June.
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