Apera Surpasses Hard Cap to Close €2.9 billion Private Debt Fund III

Investment & Fundraising
2 min
April 30, 2025
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Apera Asset Management, a leading private debt asset manager providing private capital solutions to lower mid-market companies in Western Europe, is pleased to announce the final close of Apera Private Debt Fund III, securing total commitments of €2.9 billion including related vehicles and leverage.

Apera’s Private Debt strategy focuses on senior secured unitranche financings across Europe. The capital raised surpasses the fund’s original hard cap and represents a doubling in size over Apera’s prior private debt fund, highlighting the strength of Apera’s investment platform and its track record in delivering private credit across its core European markets.

Since inception, Apera has committed over €4 billion to 75 businesses, underpinned by its deep local relationships across its network of offices in Munich, London, Paris and Luxembourg. Firm AUM now stands at €5 billion with the new fund already substantially deployed.

Klaus Petersen, Founding Partner at Apera, said:

“We are deeply grateful to our existing and new investors for their support and are thrilled to have closed Apera’s third private debt fund – exceeding our initial hard cap and raising more than twice the amount of Fund II. This achievement is testament to the success and established reputation of the Apera platform and the hard work of our growing investment team.

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

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