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.

• 2002: Alcentra is founded, first European CLO closed.
• 2008: Benefit Street Partners (BSP) is founded, launches its US Private Debt strategy, Alcentra launches its European Special Situations strategy.
• 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.
• 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.
• 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

1. Franklin Templeton AUM estimate as of June 30, 2026.
2. 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.