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By Opalesque Geneva:

Here is the latest move that further paints European private credit as a maturing industry that can take market share from the banks, and which is sought out by investors.

Franklin Resources, a global investment management organisation operating as Franklin Templeton, is set to acquire a majority interest in Apera Asset Management, a pan-European private credit firm with over €5bn in AuM. This transaction is expected to close in Q3 2025, subject to customary regulatory approvals and closing conditions.

The acquisition will expand Franklin Templeton's global alternatives platform and its direct lending capabilities across Europe's growing lower middle market.

Founded in 2016 and headquartered in London, Apera provides senior secured private capital solutions to private equity-backed companies in Western Europe.

With this latest acquisition, Franklin Templeton's global alternative credit AuM would increase to $87bn and the firm's total pro-forma alternative asset AuM would grow to approximately $260bn, each as of 30 April, 2025.

Apera will be complementary to Franklin Templeton's existing global alternative credit offerings, alongside Benefit Street Partners in the U.S. and Alcent......................

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