Aperture Investors, an alternative asset manager and part of Generali Investments, launched its new asset-based finance strategy, expanding the firm’s growing private credit offering. Nick Turgeon has joined the firm to lead the strategy as global head of asset-based finance and serve as portfolio manager of the fund, supported by an experienced investment team and backed by Generali Group.
The strategy will launch with seed capital from Generali Investments, the asset management arm of the Generali Group, and is already attracting interest from third-party investors, targeting an initial strategy size of $1 billion. Initially focused on asset-based finance opportunities in North America, the strategy aims to expand into European credit markets over time.
Turgeon brings deep experience in sourcing, analyzing, structuring and managing asset-based finance investments. Most recently, he was a managing director on the specialty finance team at Castlelake, a global alternative investment firm, where he spent eight years. Prior to that, he worked in the leveraged finance group at U.S. Bank, managing private equity sponsor transactions. He began his career in fixed income sales and trading at Piper Sandler (formerly Piper Jaffray).
“We’re excited to welcome Nick Turgeon to lead this new strategy at a pivotal time for asset-based finance within the evolving private credit landscape,” Peter Kraus, CEO and chairman of Aperture, said. “Nick brings the right experience to lead this effort, and his appointment reflects our broader commitment to expanding in segments of the private credit market where flexible, well-underwritten capital is in demand.”
“Aperture offers the right foundation to build a focused asset-based finance strategy at a time when traditional lenders are retrenching and financing needs are becoming more nuanced,” Turgeon said. “Our approach is grounded in disciplined investing, with a focus on understanding asset-level fundamentals and structuring capital solutions that are responsive to the needs of originators while maintaining a strong emphasis on risk and alignment.”
