BENEFIT STREET PARTNERS L.L.C.
BENEFIT STREET PARTNERS L.L.C. is a Series C+ and debt fund in the US and Europe writing $150M+ checks into credit, direct-lending, structured-credit, liquid-credit, special-situations, infrastructure-debt, real-estate-debt, rescue-financing, recapitalizations, specialty-finance, distressed-credit and restructuring.
- Stages
- Series C+, debt
- Sectors
- credit, direct-lending, structured-credit, liquid-credit, special-situations, infrastructure-debt, real-estate-debt, rescue-financing, recapitalizations, specialty-finance, distressed-credit, restructuring
- Check size
- $150M+
- Invests in
- US-wide, Europe
- Actively investing
- Yes
- Founded
- 2008
- Assets under management
- $93B
- Website
- bspcredit.com
Thesis
Benefit Street Partners (BSP) is a credit-focused alternative asset management firm founded in 2008 and headquartered in New York City. As a subsidiary of Franklin Templeton, BSP manages funds for institutional, high-net-worth, and retail investors. Their investment thesis centers exclusively on credit, with expertise spanning direct lending, structured credit, liquid credit, special situations, infrastructure debt, and real estate debt. BSP employs a flexible and opportunistic approach, prioritizing direct sourcing, non-competitive lending, and proprietary deal flow, with a strong emphasis on non-sponsor lending in the middle market. Their strategies encompass direct lending, special situations, CLOs, real estate debt, liquid credit, and structured credit, investing across the entire credit spectrum from senior secured to subordinated debt. They also engage in primary rescue and recapitalizations, specialty finance, and dislocated credit, with the capacity to pivot to distressed/restructuring situations. As of January 31, 2026, BSP reported approximately $93 billion in assets under management, with significant allocations to CLOs ($31.8B), Direct Lending ($26.2B), and Real Estate Debt ($14.5B).
Common questions
Does BENEFIT STREET PARTNERS L.L.C. invest at the Series C+ stage?
Yes. BENEFIT STREET PARTNERS L.L.C. lists Series C+ and debt among the stages it invests in.
What check size does BENEFIT STREET PARTNERS L.L.C. write?
BENEFIT STREET PARTNERS L.L.C. writes $150M+ checks.
Where does BENEFIT STREET PARTNERS L.L.C. invest?
BENEFIT STREET PARTNERS L.L.C. invests in the US and Europe.