Benefit Street Partners Closes $4.7 Billion Debt Fund V

Benefit Street Partners L.L.C (“BSP”) announced the closing of fundraising for its fifth flagship direct lending vehicle, BSP Debt Fund V, amassing $4.7 billion of investable capital. The fund primarily focuses on privately originated, floating rate, senior secured loans, targeting private equity sponsored and non-sponsored middle market companies in North America. 

The investor base includes sovereign wealth funds, public and corporate pension plans, insurance companies, family offices, and other institutional investors. BSP's U.S. private debt platform has deployed approximately $38 billion since its inception in 2008.

Benefit Street Partners, a leading credit-focused alternative asset manager with around $75 billion in assets under management, manages assets across a broad range of credit strategies and is a wholly owned subsidiary of Franklin Templeton, a global investment management organization with subsidiaries operating in over 150 countries.