Expert

About Benefit Street Partners

An alternative credit pioneer that seeks to deliver attractive returns through its relationships, specialist expertise and global reach

$92bn

Asset under management1,3

553

Employees2

8

Offices

191

Investment professionals2

20+

Years of credit investing4

Why BSP

Why BSP
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At-a-glance

With $92bn 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.

Demonstrated credit discipline

  • Emphasis on downside risk management
  • Low loss rates across the various strategies

  • Focus on underwriting each credit on a deal-by-deal basis

Scaled and integrated platform

  • Robust platform with a large team of credit professionals
  • Investment expertise that spans across the credit spectrum
  • Ability to leverage in-house research team

Experience investing across the credit spectrum

  • Experience investing across multiple cycles/market downturns
  • Flexibility to invest across the capital structure to capture best risk-adjusted returns
  • Opportunistic investing based on market conditions

Deep experience across the credit spectrum

Click on the pie chart to find out more

AUM amounts are approximations as of 31/12/2025 and are unaudited.

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The power of private credit

Franklin BSP Private Credit Fund (the Fund) offers investors access to a diversified, multi-strategy solution targeting attractive opportunities across the credit market within the convenience and oversight of a continuously offered, closed-end interval fund.

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Connect with an expert

Your Franklin Templeton Alternatives Director can share insights about the Fund, discuss how the Fund can help you build a better portfolio and even guide you through the process of placing a trade at your firm.

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Knowledge hub

Insight

We predicted the storm in commercial real estate: How bad was it? How did we do? And what’s next?

Benefit Street Partners believes negative leverage is solved in one of two ways, either interest rates decline or cap rates increase, or both.

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Course

Private credit

Earn CE credit while examining the merits of private credit and how they compare to public market equivalents. Distinguish between the different types of private credit options (direct lending, mezzanine, and distressed), and the related return, risk and income characteristics.

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Insight

CREdge: Understanding Negative Leverage in Commercial Real Estate: Challenges and Risks

Benefit Street Partners believes negative leverage is solved in one of two ways, either interest rates decline or cap rates increase, or both.

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Insight

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

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Why private credit

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Franklin BSP Private Credit Fund

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Past performance is not necessarily indicative of future results. Any investment involves significant risks, including loss of the entire investment.

  1. AUM refers to the assets under management for all credit funds and separately managed accounts managed and administered by BSP. AUM amounts are approximations as of 31/12/2025 and are unaudited. Certain amounts are preliminary and remain subject to change.
  2. As of 30/11/2025.
  3. Includes pro forma amounts for the merging of Benefit Street Partners Realty Trust (“BSPRT”) and Capstead Mortgage Corporate (“Capstead”) and anticipated deleveraging of the post-combination portfolio.
  4. BSP’s credit business began in 2008 with the launch of Providence Equity Capital Markets L.L.C. ("PECM"), BSP's former affiliate. PECM is the investment adviser for Fund I and II and as of 2011, BSP is the sub-adviser.

Important Information

Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.

Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.

Important data provider notices and terms available at https://www.franklintempletondatasources.com/

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Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.

Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliates companies. Prior to July 7, 2021, Franklin Templeton Distributors, Inc., and Legg Mason Investor Services, LLC served as mutual fund distributors for Franklin Templeton. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE. Reports and other information about the fund are available on the EDGAR Database on the SEC's Internet site at https://www.sec.gov/