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17+ years

Credit investing

$91 bn

Assets under management

553

Employees

Our experience

With $91 bn in assets under management, Benefit Street Partners (BSP) is an alternative credit pioneer. Focusing exclusively on credit, building deep expertise across direct lending, structured credit, liquid credit, special situations, infrastructure debt and real estate debt.

Scaled platform

Differentiated integrated platform combining public and private credit, delivering cross-market insights. 

Experience investing across the credit spectrum

One of the world’s largest credit managers with a 16+ years track record of innovation through every market cycle.

Pure credit focus

Deep specialism with more than 192 investment professionals and senior leadership continuity since inception.

Reasons to choose Benefit Street Partners

Reason 1

Scale that matters

$91 bn platform built on 17+ years pioneering private markets.

Reason 2

Information edge

Deep specialism, long-term relationship and global reach

Reason 3

Credit specialists

Dedicated experts and continuous leadership with demonstrated track record.

Our strategies
 

Our U.S. and European credit platforms provide investment expertise across the credit spectrum, in both private and public markets.

Direct Lending

$28.3bn AUM

Sponsor and non-sponsor lending to middle-market companies with a focus on income and capital protection.

Special Situations

$2.7bn AUM

Capital solutions, opportunistic investments, and uncorrelated assets designed to generate upside with lower risk through loss mitigation. 

Collateralized Loan Obligations (CLOs)

$29.7bn AUM

Actively managed CLO issuance backed by senior secured loans with the goal of delivering income with structural protections. 

Real Estate Debt

$13.1bn AUM

Senior and junior financing for U.S. middle-market real estate, focused on collateral-backed income with a concentration in multi-family.

Liquid Credit

$8.0bn AUM

Seeks income-generating exposure to leverage loans and high yield bonds, offering diversification, and active risk management. 

Structured Credit

$8.5bn AUM

Targeted investments across U.S. and European CLO tranches using advanced collateral analysis and scenario modeling. 

Multi-Strategy

$0.4bn AUM

Dynamic allocation across liquid and illiquid credit markets to capture relative value with active risk management.

 

 

Insights

NOVEMBER 21, 2025

Public insights on private credit: The evolving landscape of upper middle-market direct lending

A convergence with syndicated loan market dynamics. Benefit Street Partners believes the upper middle-market direct lending landscape is evolving in response to changing market dynamics.

AUGUST 25, 2025

Public insights on private credit: The art of vintage selection

Benefit Street Partners believes private credit managers need to focus on the financial conditions during a fund’s investment period. Skilled managers know when to dynamically deploy more capital or pull back, as the weather changes.

FEBRUARY 12, 2025

2025 market outlook

BSP-Alcentra: 2024 was a record-breaking year for alternative credit which delivered excellent returns with low volatility, culminating in attractive risk-adjusted returns. In our outlook, we discuss key trends across our markets and explore what lies ahead for 2025.

Footnotes

  1. All data correct as of 9/30/2025.

Benefit Street Partners is a Specialized Investment Manager (“SIM”), part of the Franklin Templeton Group.

Important Legal Information

All investments involve risks, including possible loss of principal.
The information contained on this webpage is intended only as a general overview of Franklin Templeton investment capabilities and is for informational purposes only.
This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice.
The manager’s portfolio selection strategy may not be solely based on ESG considerations, and therefore the issuers in which the funds invest may not be considered ESG-focused companies. Integrating ESG considerations into the investment process is not a guarantee that better performance will be achieved.