Apera Asset Management
Apera Asset Management LLP is a pan-European private debt manager founded in 2016 and headquartered in London, with offices in Germany, France and Luxembourg. The firm provides senior secured financing, through unitranche and senior debt strategies, to private-equity-backed mid-market companies across the United Kingdom, the German-speaking countries, the Nordic region, France and Benelux, with investments typically ranging from EUR 15 million to EUR 100 million. Apera manages over EUR 5 billion in assets and has committed capital to more than 75 businesses since inception. In June 2025 Franklin Templeton agreed to acquire a majority stake in the firm, a transaction completed in October 2025, with Apera continuing to operate under its own brand within Franklin Templeton's alternative-credit platform. Apera is authorised and regulated by the UK Financial Conduct Authority under firm reference number 771080.
Key facts
Recent exits
Coverage notes
3 funds tracked, 46 portfolio companies (45 active · 1 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
45 companiesFunds & portfolio
Every fund Apera Asset Management has raised, with its portfolio companies. Hand-checked from public filings.
Apera Private Debt Fund IIIPrivate Debt2025 · 1yr€2.9B11 active
Unrealized
11 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| MedTech |  Germany | 2025 | |
| Industrials | Germany | 2025 | |
| SaaS | Germany | 2026 | |
| Business Services | Germany | 2025 | |
| Business Services | Germany | 2026 | |
| Business Services |  Netherlands | 2025 | |
| MedTech | Germany | 2025 | |
| MedTech | Germany | 2025 | |
| Industrials | Netherlands | 2025 | |
| Software |  France | 2026 | |
| Industrials | Germany | 2025 |
Germany· Entry 2025Germany· Entry 2025Germany· Entry 2026Germany· Entry 2025Germany· Entry 2026Netherlands· Entry 2025Germany· Entry 2025Germany· Entry 2025Netherlands· Entry 2025France· Entry 2026Germany· Entry 2025Apera Private Debt Fund IIPrivate Debt2022 · 4yr€1.3B17 active
Unrealized
17 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Software |  Switzerland | 2022 | |
| HealthTech | France | 2022 | |
| Telecom | Germany | 2022 | |
| IT Services | Germany | 2023 | |
| Pharma | Germany | 2021 | |
| Consumer | Germany | 2024 | |
| Software | Germany | 2023 | |
| IT Services | France | 2023 | |
| Consumer |  Austria | 2022 | |
| Financials | France | 2022 | |
| Software | France | 2024 | |
| TMT |  UK | 2021 | |
| Consumer | France | 2025 | |
| Business Services | Germany | 2024 | |
| IT Services | UK | 2021 | |
| Industrials | Netherlands | 2024 | |
| Consumer | Germany | 2022 |
Switzerland· Entry 2022France· Entry 2022Germany· Entry 2022Germany· Entry 2023Germany· Entry 2021Germany· Entry 2024Germany· Entry 2023France· Entry 2023Austria· Entry 2022France· Entry 2022France· Entry 2024UK· Entry 2021France· Entry 2025Germany· Entry 2024UK· Entry 2021Netherlands· Entry 2024Germany· Entry 2022Apera Capital Private Debt Fund IPrivate DebtRealising2019 · 7yr€750M16 active · 1 realized
Unrealized
16 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Consumer | Germany | 2020 | |
| IT Services | UK | 2020 | |
| IT Services | Germany | 2021 | |
| Consumer | UK | 2020 | |
| Industrials | Germany | 2021 | |
| Pharma | UK | 2019 | |
| Business Services | France | 2020 | |
| IT Services | Germany | 2020 | |
| Business Services | UK | 2021 | |
| Fintech | UK | 2021 | |
| Financials | UK | 2020 | |
| Business Services | UK | 2021 | |
| MedTech | France | 2021 | |
| Software | UK | 2020 | |
| Consumer | Germany | 2021 | |
| E-commerce | Germany | 2019 |
Germany· Entry 2020UK· Entry 2020Germany· Entry 2021UK· Entry 2020Germany· Entry 2021UK· Entry 2019France· Entry 2020Germany· Entry 2020UK· Entry 2021UK· Entry 2021UK· Entry 2020UK· Entry 2021France· Entry 2021UK· Entry 2020Germany· Entry 2021Germany· Entry 2019Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Healthcare | UK | 2019 | 2023 | Trade Sale | – |
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About Apera Asset Management
Apera Asset Management is a pan-European private credit firm with more than €5 billion of assets under management as of December 2024 (€6 billion deployed cumulatively since 2016), headquartered in London with offices across DACH, UK, Nordics, France and Benelux core markets and 60 plus professionals. The firm was founded in 2016 as an independent partner-owned platform before Franklin Templeton announced its majority acquisition in June 2025, closing in October 2025. Apera Fund III closed at €2.9 billion above its hard cap.
Investment thesis
Apera deploys capital through three flagship Apera Private Debt Funds (I, II, III) plus separately managed accounts and senior strategy vehicles, providing senior secured unitranche and senior strategies to sponsor-backed lower mid-market companies. The platform is sector-agnostic with portfolio concentration across healthcare, business services, software and technology, industrials and consumer. Geographic deployment spans Western Europe across DACH, UK, Nordics, France and Benelux core markets through four offices with 19-language coverage, supporting cross-border financing across European mid-market sponsors. The 2025 integration into Franklin Templeton's $1.5 trillion plus platform expands LP reach.
Recent activity
As a private credit lender, realised exits occur via loan refinancing or repayment rather than equity exits. Recent financings include unitranche for Bridgepoint's acquisition of Finzzle Groupe (wealth management, France, June 2025), refinancing of Terras Holding (industrials, Germany, November 2024), refinancing of ONSKINERY (consumer, 2024), £23.5 million unitranche for Seabrook (consumer and snacks, UK) and custom financing for Sophie Lebreuilly (consumer, France). The platform has completed more than 100 transactions to date. Detailed buyer names and multiple data available on Pro at €29/month.
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