The latest acquisition increases Franklin Templeton’s alternative assets under management to about $270 billion. 

California-based investment manager Franklin Templeton has completed its acquisition of Apera Asset Management, a pan-European private credit firm with over €5 billion ($5.87 billion) in assets under management. It provides senior secured private capital solutions to private equity-backed companies in Western Europe, the firm said in a statement.  

With this closing, Franklin Templeton’s global alternative credit AuM has grown to over $90 billion; the firm’s total alternative asset strategies now stand at about $270 billion in aggregate, reinforcing its position as a manager of diversified alternative asset strategies. Apera complements Franklin Templeton’s global alternative credit offerings, alongside and as part of Benefit Street Partners in the US and Alcentra in Europe, 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. With offices in the UK, Germany, France, and Luxembourg, Apera has built a track record of underwriting and sponsor relationships. It brings capabilities and expertise in the pan European lower middle market – a segment that remains underserved relative to the broader private credit landscape.  

In addition to alternative credit, Franklin Templeton’s global alternative asset strategies include specialist investment managers focused on private real estate through Clarion Partners, global secondary private equity and co-investments via Lexington Partners as well as hedged strategies, venture capital and digital assets. 

Franklin Templeton, a provider of equity, fixed income, alternatives and multi-asset solutions, has offices in financial markets around the world, and $1.64 trillion in assets under management.