Apera closes €2.9bn private debt fund

Apera Asset Management has announced the final close of its Apera Private Debt Fund III, securing total commitments of €2.9bn (£2.5bn).

The capital raised exceeded the fund’s initial hard cap and is more than double the size of Apera’s previous private debt fund. 

Read more: Pimco launches diversified private credit fund

Apera’s private debt strategy focuses on senior secured financings in German-speaking Europe, the UK, Nordics, France and Benelux. Target investments range from €15m to €100m, and Apera’s institutional investor base includes pension funds, insurers, sovereign wealth funds and endowments especially from Northern Europe, Asia and North America. 

Read more: Ballast Rock launches first private credit fund

“We have developed one of Europe’s leading private debt platforms and are poised to expand further with the launch of a Senior Loan strategy,” said Apera founding partner Klaus Petersen. 

“This strategic expansion will further enable Apera to capitalise on the significant long-term growth opportunities within the European private credit market.”

Read more: Future Growth Capital launches two LTAFs