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Laxman Pai, Opalesque Asia: Pan-European private debt asset manager Apera Asset Management has completed its third private debt fundraise, securing total commitments of €2.9 billion ($3.3 billion).
Apera Private Debt Fund III exceeded its original hard cap and raised more than twice as much as the previous vintage, which closed in July 2022 at €1.27 billion, according to a press release from the debt investor, which provides private capital solutions to lower mid-market companies.
Apera's Private Debt strategy focuses on senior secured unitranche financings across Europe, the release elaborated.
"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 recognize the appeal and significance of the European lower-mid market," it said.
Apera's institutional investor base has broadened considerably and now includes pension funds, insurers, sovereign wealth funds, and endowments worldwide, particularly from Northern Europe, Asia, and North America.
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 a testament to the success and established reputation of the Apera platform and the hard wor...................... To view our full article Click here
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