Reported 1 day ago
Franklin Templeton has completed its acquisition of Apera Asset Management, enhancing its alternative investment platform and strengthening its foothold in Europe's lower middle market. Apera, a private credit firm with €5 billion under management, caters to small and medium enterprises struggling with bank lending. This acquisition increases Franklin Templeton's alternative credit assets under management to $90 billion, positioning the firm as a leader in the rapidly growing private credit sector, which Moody's projects will reach $3 trillion by 2028.
Source: YAHOO