Addition Broadens Alternative Asset Manager’s Private Credit Platform and Targets Underserved Segments of the Asset-Based Finance Market

Aperture Investors, an alternative asset manager and part of Generali Investments, today announced the launch of 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 significant seed capital from Generali Investments, the asset management arm of the Generali Group, and is already attracting strong 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. Built around flexible capital that can grow alongside leading originators, it maintains a focused footprint to ensure selectivity and disciplined deployment—positioning Aperture to access differentiated opportunities and align with investors’ long-term objectives.

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,” said Peter Kraus, CEO and Chairman of Aperture. “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," said Turgeon. “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.”

With the launch of the Asset-Based Finance strategy, Aperture now manages more than $2.3 billion in committed capital across its alternative credit platform. It also marks the latest milestone in a period of significant growth for the firm, following the introduction of its Structured Credit strategy in January 2025 and Litigation Finance strategy in September 2024.

About Aperture Investors

Aperture Investors is an alternative asset manager overseeing approximately $5.2 billion in assets under management and committed and seed capital (as of June 30, 2025). Founded in partnership with Generali Group, a leading global insurance and asset management group, Aperture combines the entrepreneurial agility of a boutique with the institutional strength of a global platform. With investment strategies spanning public and private markets, Aperture’s top-tier portfolio managers and teams deliver alpha-focused investment solutions, with a commitment to transparency and client alignment. For more information, visit us at www.apertureinvestors.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20250805338563/en/