US$92B
Assets under management
8
Offices
20+
Combined years investing in private credit
Our expertise
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 across the credit spectrum
-
Experience investing across multiple cycles/market downturns
-
Flexibility to invest across the capital structure with the goal of capturing the best risk-adjusted returns
-
Opportunistic investing based on market conditions
Our knowledge hub
Insight
Private Markets Insights: Private Equity Secondaries - A primary allocation
Private equity is at a turning point, with investors and advisors exploring the best ways to allocate across sub-strategies. There is a compelling case for private equity secondaries serving as the cornerstone of a core/satellite evergreen model.
Insight
Private Markets Insights: Not a simple open and closed case
Evergreen and closed-ended funds offer different paths to private markets - understanding their strengths can help investors optimise allocations.
Insight
Unlocking opportunities: Understanding the growing secondary market
The global secondary market has grown over the past three decades primarily because of the increased supply of capital committed to private investment funds, according to Lexington Partners. They believe the backdrop for the secondary market continues to remain attractive.
Education
Alternatives education by Franklin Templeton Academy
The Franklin Templeton Academy Alternatives program empowers partners to navigate alternative investments confidently. Visit our Franklin Templeton Academy section to find out more information on our alternatives training programs for financial professionals.
Glossary
Private credit/debt:
typically invest in non-listed debt issues, including bonds, notes, and loans issued by private companies. Private credit/debt has the potential to provide greater returns, control and reduced liquidity, than public markets.
Alternative credit:
invests in below-investment-grade fixed income sectors that are relatively illiquid. Alternative credit may not be available to investors for direct investment as individuals but can be accessed through professionally managed traditional mutual funds.
Special situations:
involve investments in distressed or event-driven opportunities, such as companies undergoing financial restructuring, bankruptcy or significant corporate events.
Structured credit:
involves investments in complex financial products, such as mortgage-backed securities or other asset-backed securities, which are created by pooling various debt instruments and redistributing their risks and returns.
Collateralised loan obligations:
(CLOs) are securities backed by a diversified pool of corporate loans. They are structured in tranches, with varying levels of risk and return, providing investors with a way to invest in leveraged loans with a spread of risk.
Benefit Street Partners is a Specialist Investment Manager (“SIM”), part of the Franklin Templeton Group.
Important information
This document is intended to be of general interest only. This document should not be construed as individual investment advice or offer or solicitation to buy, sell or hold any shares of fund or security. The information provided for any individual security mentioned is not a sufficient basis upon which to make an investment decision. Investment involves risks. Value of investments may go up as well as down and past performance is not an indicator or a guarantee of future performance. The investment returns are calculated on NAV to NAV basis, taking into account of reinvestments and capital gain or loss. The investment returns are denominated in stated currency, which may be a foreign currency other than USD and HKD (“other foreign currency”). US/HK dollar-based investors are therefore exposed to fluctuations in the US/HK dollar / other foreign currency exchange rate. Please refer to the offering documents for further details, including the risk factors.
The data, comments, opinions, estimates and other information contained herein may be subject to change without notice. There is no guarantee that an investment product will meet its objective and any forecasts expressed will be realized. Performance may also be affected by currency fluctuations. Reduced liquidity may have a negative impact on the price of the assets. Currency fluctuations may affect the value of overseas investments. Where an investment product invests in emerging markets, the risks can be greater than in developed markets. Where an investment product invests in derivative instruments, this entails specific risks that may increase the risk profile of the investment product. Where an investment product invests in a specific sector or geographical area, the returns may be more volatile than a more diversified investment product. Franklin Templeton accepts no liability whatsoever for any direct or indirect consequential loss arising from use of this document or any comment, opinion or estimate herein. This document may not be reproduced, distributed or published without prior written permission from Franklin Templeton.
Any share class with “(Hedged)” in its name will attempt to hedge the currency risk between the base currency of the Fund and the currency of the share class, although there can be no guarantee that it will be successful in doing so. In some cases, investors may be subject to additional risks.
Please contact your financial advisor if you are in doubt of any information contained herein.
For UCITS funds only: In addition, a summary of investor rights is available from here. The summary is available in English and Chinese.
The fund(s)/ sub-fund(s) are notified for marketing in various regions under the UCITS Directive. The fund(s)/ sub-fund(s) can terminate such notifications for any share class and/or sub-fund at any time by using the process contained in Article 93a of the UCITS Directive.
For the avoidance of doubt, if you make a decision to invest, you will be buying units/shares in the fund(s)/ sub-fund(s) and will not be investing directly in the underlying assets of the fund(s)/ sub-fund(s).
For AIFMD funds only: The Franklin Floating Rate Fund PLC (the Fund) is an investment company with variable capital incorporated in Ireland on 1 December 1999 as a public limited company under registration number 316174. The Fund is authorised by the Central Bank of Ireland as a designated investment company pursuant to to Section 1395 of Part 24 of the Companies Act 2014. The Fund's registered office is Capital Dock, Sir John Rogerson's Quay, Dublin Ireland.
In addition, a summary of investor rights is available from here. The summary is available in English and Chinese.
The fund(s)/ sub-fund(s) are notified for marketing in various regions under the AIFMD Directive. The fund(s)/ sub-fund(s) can terminate such notifications for any share class and/or sub-fund at any time by using the process contained in Article 32a of the AIFMD Directive.
For the avoidance of doubt, if you make a decision to invest, you will be buying units/shares in the fund(s)/ sub-fund(s) and will not be investing directly in the underlying assets of the fund(s)/ sub-fund(s).
Copyright © 2025. Franklin Templeton. All rights reserved.
This document is issued by Franklin Templeton Investments (Asia) Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong.
Unless stated otherwise, all information is as of the date stated above. Source: Franklin Templeton.