BSP Group

BSP Group

Benefit Street Partners, rebranded as BSP Group under Franklin Templeton, is an alternative credit manager that has built a $93 billion portfolio by focusing solely on credit markets. The firm operates as a wholly owned subsidiary of Franklin Templeton, one of the world's largest asset managers, but maintains independent investment and operational control. Its headquarters remain in New York. BSP's strategy spans the full credit spectrum from private to public markets. The firm deploys capital through direct lending, structured credit, liquid credit, multi-asset credit, special situations, infrastructure debt and real estate credit. The firm targets both private and public credit instruments, using CLOs, direct loans, and real estate financing. Investment professionals work from offices in North America and globally, though specific office locations beyond New York are not disclosed on the firm's website. The platform's scale reflects the institutional backing of Franklin Templeton, while its credit-only mandate preserves specialist focus. BSP Group employs investment professionals across multiple offices, supported by Franklin Templeton's global infrastructure while retaining a dedicated team focused exclusively on the credit platform. As of March 2026 the firm reported $93 billion in assets under management, incorporating funds and separately managed accounts managed by BSP Group or Apera. In early 2026, Franklin Templeton aligned its alternative credit firms under the unified BSP brand. BSP's structural arrangement is unusual: a wholly owned subsidiary of a massive public asset manager, Franklin Templeton, yet operating with full investment independence. This hybrid structure provides institutional stability without diluting credit specialization, allowing BSP to pursue its mandate while offering clients the resources of a global parent.