Benefit Street Partners
Venture debtNew York · 29 people tracked
Also known as BSP NY LLC · FRANKLIN BSP CAPITAL ADVISER LLC
Investment thesis
BSP is an alternative credit specialist that aims to deliver attractive, risk-adjusted returns by leveraging its relationships, specialist expertise and global reach. It concentrates exclusively on credit, building deep capabilities across direct lending, structured credit, liquid credit, special situations, infrastructure debt and real estate. Operating as a wholly owned subsidiary of Franklin Templeton, it combines institutional scale and resources with full investment and operational independence, delivering solutions-driven strategies across both private and public markets to meet long-term client needs.
Source: firm website, verified Aug 25, 2026.
Team · 29 people
from the firm's website & curated
Fund performance · per public LP disclosures · 6
as of Nov 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Benefit Street Senior Secured Opportunities Fund IILPs: Employees' Retirement System of Rhode Island | 2019 | — | 9.8% | 1.22x | 0.48x |
| Benefit Street Partners Debt Fund IV, L.P.LPs: Florida State Board of Administration, Hawaii Employees' Retirement System | 2017 | — | 11.1% | 1.48x | 0.69x |
| Benefit Street Partners Capital Opportunity Fund II LPLPs: North Carolina Retirement Systems | 2016 | — | 8.0% | 1.39x | 0.69x |
| Benefit Street Partners Debt Funds IV LPLPs: North Carolina Retirement Systems | 2016 | — | 8.6% | 1.34x | 0.65x |
| Benefit Street Partners Capital Opportunity Fund, L.P.LPs: North Carolina Retirement Systems | 2013 | — | 8.9% | 1.55x | 0.98x |
| Benefit Street Partners CRE ConduitLPs: Florida State Board of Administration | 2011 | — | 5.1% | 1.16x | 1.16x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- Where is Benefit Street Partners located?
- Benefit Street Partners is headquartered in New York, US.
Media · Podcasts & interviews
featuring the team#48 Richard Byrne | President, Benefit Street Partners - YouTube
The Deal Ranch Podcast · Richard Byrne
BSP Deep Dives Making sense of AI disruption
Benefit Street Partners
BSP Deep Dives- European Special Situations
Benefit Street Partners
Images
