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From the Streets of Finance: Franklin Templeton Amps Up Private Markets Game with Apera Purchase
hell yeah, check it out! Guess who's picking up another hefty chunk of the private market pie? None other than Franklin Templeton! They've announced a bold move to grab a majority stake in European private credit firm, Apera Asset Management. This bad boy's expected to close in the third quarter of this year, fingers crossed, once the regulatory beasts give the green light.
Now, you might be wondering what the deal means for alternative credit assets. Well, let me spill the beans! With Apera under their belt, Franklin Templeton's alternative credit assets are edging close to $90 billion! That's right, you heard it here first! Apera's expertise in the European lower-middle market will amp up Franklin Templeton's direct lending capabilities, adding a new strain of awesomeness to their private credit menu. Add this groovy new player to their current family of private credit subsidiaries like Benefit Street Partners and Alcentra, and you've got a private credit offering that's more diverse and equipped than ever!
So why should you care, you might ask? Simple! This move positions Franklin Templeton to conquer the often-ignored European lower-middle market, offering them the perfect opportunity to dish out risk-adjusted returns in this untapped market. It's the likes of moves like this that make Franklin Templeton a force to be reckoned with in the world of asset management!
- Franklin Templeton's upcoming acquisition of Apera Asset Management is significantly expanding their alternative credit assets, bringing them close to $90 billion.
- This move by Franklin Templeton into the European lower-middle market could potentially offer them an untapped market for risk-adjusted returns, solidifying their position as a leading force in asset management.
