Benefit Street Partners

About Us - Banner

#About Us Banner Image

About Us - Intro

About Us

BSP is a leading alternative credit manager dedicated exclusively to unlocking opportunity in this fast-evolving market. Founded as an early pioneer in the space, we have guided investors through multiple market cycles with discipline, creativity, and resilience.

Alternative credit is what we do. Our expertise spans direct lending, real estate debt, liquid credit, structured credit, and other alternative credit strategies. This depth of specialism, coupled with global reach and long-standing local relationships, enables us to connect investors with tailored, high-quality opportunities designed to deliver attractive, risk-adjusted returns across conditions.

We are a wholly owned subsidiary of Franklin Templeton, one of the world’s largest asset managers. This partnership provides the strength and scale of a global institution while preserving our investment and operational independence. The integration of Alcentra in 2022 added two decades of European expertise, creating one of the most diversified alternative credit platforms worldwide. Together, we offer clients the benefits of BSP’s agility, specialization, and entrepreneurial culture, supported by Franklin Templeton’s resources, infrastructure, and $1.68 trillion in assets under management1.

Today, we manage $92 billion in assets2 for institutions and individuals globally. Our heritage, partnership culture, and enduring relationships continue to set us apart, enabling us to deliver flexible, high-quality credit solutions and consistent, risk-adjusted returns for our investors.

Our history

From our founding to today, see how BSP has expanded its expertise and global reach through two decades of innovation and partnership.

Alcentra is founded

First European CLO closed

2002

Alcentra is founded

First European CLO closed

Benefit Street Partners (BSP) is founded

Launches its US Private Debt strategy

Alcentra launches its European Special Situations strategy

2008

Benefit Street Partners (BSP) is founded

Launches its US Private Debt strategy

Alcentra launches its European Special Situations strategy

Alcentra launches its Global Structured Credit platform and its European Loan Fund (ELF)

2009

Alcentra launches its Global Structured Credit platform and its European Loan Fund (ELF)

BSP issues its first US CLO

Alcentra launches its European Direct Lending strategy

2012

BSP issues its first US CLO

Alcentra launches its European Direct Lending strategy

BSP enters the US Commercial Real Estate Debt business (CRED)

2013

BSP enters the US Commercial Real Estate Debt business (CRED)

BSP launches its US Special Situations strategy

2015

BSP launches its US Special Situations strategy

BSP buys Private BDC & REIT

Expanding product reach beyond institutional investors

2016

BSP buys Private BDC & REIT

Expanding product reach beyond institutional investors

Franklin Templeton acquires BSP

BSP acquires asset-backed lender Siena

2019

Franklin Templeton acquires BSP

BSP acquires asset-backed lender Siena

BSP acquires asset-backed lender Post Road

Formerly Private REIT, FBRT, goes public through reverse merger with Capstead Mortgage Corporation

2021

BSP acquires asset-backed lender Post Road

Formerly Private REIT, FBRT, goes public through reverse merger with Capstead Mortgage Corporation

Franklin Templeton and BSP acquire Alcentra

Bringing BSP and Alcentra together and creating a leading global alternative credit platform

2022

Franklin Templeton and BSP acquire Alcentra

Bringing BSP and Alcentra together and creating a leading global alternative credit platform

Franklin Templeton and BSP-Alcentra acquire Apera Asset Management

Strengthening European private debt capabilities

Through FBRT, BSP acquires agency lender 
and servicer, NewPoint Holdings

2025

Franklin Templeton and BSP-Alcentra acquire Apera Asset Management

Strengthening European private debt capabilities

Through FBRT, BSP acquires agency lender 
and servicer, NewPoint Holdings

BSP-Alcentra becomes BSP

2026

BSP-Alcentra becomes BSP

Our investors

BSP serves a global community of institutional and individual investors who share our focus on long-term credit performance. Explore how our investor base spans regions, sectors, and investor types.

Footnotes

1Franklin Templeton AUM estimate  as of December 31, 2025

2AUM refers to the assets under management for all funds and separately managed accounts managed and administered by BSP Group or Apera. AUM amounts are approximations as of December 31, 2025 unless noted otherwise and are unaudited. Certain amounts are preliminary and remain subject to change.