about us
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 management.
Today, we manage $96.4 billion in assets 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
- Benefit Street Partners (BSP) is founded
- Launches its US Private Debt strategy
- Alcentra launches its European Special Situations strategy
2008
- Alcentra launches its Global Structured Credit platform and its European Loan Fund (ELF)
2009
- BSP issues its first US CLO
- Alcentra launches its European Direct Lending strategy
2012
- BSP enters the US Commercial Real Estate Debt business (CRED)
2013
- BSP launches its US Special Situations strategy
2015
- BSP buys Private BDC & REIT
- Expanding product reach beyond institutional investors
2016
- Franklin Templeton acquires BSP
- BSP acquires asset-backed lender Siena
2019
- BSP acquires asset-backed lender Post Road
- Formerly Private REIT, FBRT, goes public through reverse merger with Capstead Mortgage Corporation
2021
- Franklin Templeton and BSP acquire Alcentra
- Bringing BSP and Alcentra together and creating a leading global alternative credit platform
2022
- Franklin Templeton and BSP-Alcentra acquire Apera Asset Management
- Strengthening European private debt capabilities
2025
- Through FBRT, BSP acquires agency lender and servicer, NewPoint Holdings
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.
- Investor Type
- Region
Footnotes
- Franklin Templeton AUM estimate as of June 30, 2026
- AUM 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 June 30, 2026 unless noted otherwise and are unaudited. Certain amounts are preliminary and remain subject to change.