On June 4, 2025, Franklin Resources, Inc. announced a definitive agreement to acquire a majority interest in Apera Asset Management, a pan-European private credit firm with over €5 billion (approximately $5.7 billion) in assets under management (AUM). This acquisition is expected to close in Q3 2025, subject to customary regulatory approvals.
The acquisition will significantly expand Franklin Templeton’s global alternatives platform and its direct lending capabilities across Europe’s lower middle market. With Apera, Franklin Templeton’s pro forma global alternative credit AUM would increase to $87 billion, and its total pro-forma alternative asset AUM would grow to approximately $260 billion as of April 30, 2025.
Apera's focus on private equity-backed companies in Western Europe complements Franklin Templeton’s existing alternative credit offerings, including Benefit Street Partners in the U.S. and Alcentra in Europe. This strategic move reinforces Franklin Templeton's position as a leading manager of diversified alternative asset strategies and is expected to drive growth in a key market segment.
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