Benefit Street Partners raises $550m for BDC

Benefit Street Partners CEO Thomas Gahan

Franklin Templeton subsidiary Benefit Street Partners announced the closing of equity commitments into Franklin BSP Capital Corp, a closed end fund that is regulated as a business development corporation (BDC).

The BDC attracted $550 million and will be advised by an investment adviser that is an affiliate of Benefit Street. The proceeds will be invested mostly in first and second lien senior secured debt investments and a smaller amount will be set aside for mezzanine and unsecured debt issued by middle market companies.

The New York-based Benefit Street . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.

Related Articles

Get started

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!