- Apera manages over €2.6bn in assets on behalf of institutional investors in Europe, Canada, and the US
- Apera is Kudu’s third partnership in the UK and Europe
- Kudu is headquartered in New York
Apera Asset Management has taken a minority investment from Kudu Investment Management, a provider of permanent capital services to independent asset and wealth managers, via an Apera affiliate.
No financial details of the transaction were disclosed.
Kudu is headquartered in New York.
Apera will continue to be majority partner-owned and led by founding partners Klaus Petersen, David Wilmot, and Robert Shaw.
“The environment in Europe is receptive to credit solutions like Apera’s, and long-term prospects for European credit funds are highly promising,” Petersen said. “Kudu emerged as our preferred strategic partner when we began exploring paths to accelerate Apera’s growth initiatives and to diversify our client base.”
Apera will use Kudu’s investment to accelerate the growth of its business, among other internal uses, according to a release.
Apera is Kudu’s third partnership in the UK and Europe, following its investment in Fair Oaks Capital in 2018, and Warwick Capital Partners in 2019.
Apera is a a UK-based sponsor of funds acting as a pan-European middle-market private credit investor and is based in London. The firm manages over €2.6 billion in assets on behalf of institutional investors in Europe, Canada, and the US.
Debevoise & Plimpton provided legal counsel to Apera. Stephenson Harwood served as legal advisor to Kudu.