Benefit Street Partners
Benefit Street Partners, a subsidiary of Franklin Templeton, manages $76 billion in assets and employs 443 people across five offices, offering a broad range of credit investment strategies and real estate investment opportunities.
Assets Under Management
Benefit Street Partners manages $76 billion in assets under management. The firm employs 443 people and has 168 investment professionals who invest across the entire credit spectrum. This includes senior secured direct lending and distressed opportunistic credit, providing clients with extensive experience through multiple business cycles.
Office Locations
Headquartered in New York, Benefit Street Partners operates additional offices in Boston, West Palm Beach, and London. The firm has five offices in total from which it conducts its global operations. This strategic geographic presence allows it to serve clients effectively across different regions.
Investment Strategies
Benefit Street Partners offers a wide range of investment strategies, including private debt/direct lending, special situations/distressed, structured credit, liquid loans, high yield bonds, and commercial real estate. These strategies are designed to provide flexible investment solutions, with a focus on both real estate debt and equity.
Real Estate Investments
Benefit Street Partners provides access to private debt and real estate investments through various structures. Notable initiatives include managing Franklin BSP Realty Trust, Inc., which primarily invests in first mortgages/loans, and BSP Multifamily Trust, Inc., which acquires stabilized multifamily properties. The firm also runs a C-PACE loan program for financing energy-efficient improvements in commercial buildings.
Subsidiary of Franklin Templeton
Benefit Street Partners is a subsidiary of Franklin Templeton, which has $1.6 trillion in total assets under management. This affiliation enhances Benefit Street Partners' ability to provide individualized investment solutions and access to various investment vehicles, including 20 CLO vehicles and one fully realized CLO as of August 2021.
Recent Transactions and Initiatives
Recently, Benefit Street Partners closed a $125 million loan on a 414-unit multifamily property and an $820 million second special situations fund. The company also announced a second quarter 2024 common stock distribution for Franklin BSP Capital Corporation and priced a $300 million note due in 2029. A merger between Franklin BSP Capital Corporation and Franklin BSP Lending Corporation was completed to streamline operations.
ESG Initiatives
Benefit Street Partners established an ESG committee in 2021 to oversee its environmental, social, and governance initiatives. The firm partners with private market ESG advisors to integrate sustainability into its direct lending investment opportunities, reflecting its commitment to responsible investing.