Apera closes second Private Debt fundraising at €1.27bn
Apera Asset Management (“Apera”), a pan-European mid-market private debt investor, is pleased to announce the successful completion of the fundraising of Apera Private Debt Fund II (“Fund II”) and associated vehicles, raising total investible capital of €1.27bn. Apera’s Private Debt strategy focuses on senior secured unitranche financings across Europe. The raised capital exceeds the initial target of €800m and reflects the quality of Apera’s investment platform and performance in the provision of private credit across its core European geographies.
The efficient execution of Apera’s strategy has been well-received, with strong support from existing and new investors, including pension funds, insurers and endowments from Europe and North America. Apera’s progressive deployment across 49 investments has led to its assets under management reaching €2.2bn and Fund II has already committed a significant proportion of its capital.
Klaus Petersen, Founding Partner at Apera, said: “We are pleased to announce a very successful outcome to the fundraising for our second Private Debt fund. We thank our existing investors for their continued trust in our investment strategy and team, and we welcome our new investors.
We have developed one of the leading private debt platforms in Europe and see a strong opportunity to build upon this growth through partnering with leading private equity sponsors and mid-market companies to access attractive risk/returns across our key markets. We will continue our focus upon attractive returns and strong downside protection, underpinned by rigorous underwriting discipline, to deliver strong returns to our investors.”
Apera’s Private Debt strategy focusses on senior secured financings in the UK, German-speaking Europe (DACH), the Nordic region, France and Benelux. Target investments range from €15 million to €100 million with an emphasis upon providing capital solutions to strong businesses which demonstrate downside resilience, competitive market positioning and attractive growth prospects. Apera has offices in Munich, London, Paris and Luxembourg.
Campbell Lutyens acted as global placement agent to Apera on the fundraise.