09:25 AM EDT, 10/03/2025 (MT Newswires) -- Franklin Resources ( BEN ) said Friday it has completed the acquisition of pan-European private credit firm Apera Asset Management, which had more than 5 billion euros ($5.3 billion) in assets under management as of Sept. 30.

The deal boosts Franklin Resources' ( BEN ) global alternative credit assets under management to more than $90 billion and brings total alternative asset strategies to about $270 billion, the company said.

Apera provides senior secured private capital services to private equity-backed companies in Western Europe, Franklin said.