Benefit Street Partners Closes Milestone CLO 50 With $500 Million
NEW YORK–(BUSINESS WIRE)–
Benefit Street Partners L.L.C. (“BSP”), Franklin Templeton’s private credit specialist investment manager with $93 billion in assets under management, (1) today announced that BSP CLO 50, a $500 million new-issue collateralized loan obligation (CLO), closed on May 26, 2026. The transaction was arranged in partnership with Scotiabank.
The closing of BSP CLO 50 marks a significant milestone for BSP’s U.S. CLO platform, which has raised approximately $25.5 billion in CLO capital since the firm’s first issuance in 2012. The platform has attracted support from more than 300 distinct investors since inception, reflecting the breadth of the firm’s investor relationships and the consistency of its CLO execution across market cycles.
“Closing CLO 50 is an important achievement for BSP and a testament to the strength, scale, and durability of our platform,” said Dan Ryan, Co-Head of the U.S. CLO platform at BSP. “We are grateful for the continued confidence of our investors and financing partners, and we remain focused on delivering disciplined credit selection, active portfolio management, and consistent execution.”
BSP has established itself as a leading CLO manager globally. The firm is currently ranked as the 9th largest U.S. CLO manager and the 8th largest CLO manager globally, according to Intex, and was the 5th most active new U.S. CLO issuer as of June 8, 2026, according to JPMorgan. The firm’s CLO platform is supported by BSP’s broader credit investment capabilities, deep underwriting resources, and long-standing relationships across the leveraged finance market.
“BSP CLO 50 underscores the continued momentum of our CLO franchise and the confidence investors have placed in our team,” said Vince Pompliano, Co-Head of the U.S. CLO platform. “Our track record has been built through disciplined investment selection, active portfolio management, and a long-term commitment to the CLO market. We believe those attributes will continue to differentiate BSP as we grow the platform.”
In addition to its U.S. business, BSP has continued to expand its European CLO capabilities, further broadening the firm’s global liquid and structured credit platform since 2002. BSP’s presence across both U.S. and European CLO markets enhances its ability to serve a diverse international investor base and pursue attractive opportunities across the global leveraged loan market.
BSP has also continued to deepen its CLO capital formation capabilities. In 2025, the firm closed its third captive fund, raising $500 million, further supporting the growth and stability of its CLO issuance program.
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(1) As of March 31, 2026 |
About Benefit Street Partners
Benefit Street Partners (“BSP”) is an alternative credit pioneer with $93 billion in assets under management (including Apera Asset Management) as of 31 March 2026. It seeks to deliver attractive, risk-adjusted returns through its deep specialism, long-term relationships and global reach. A wholly owned subsidiary of Franklin Templeton, BSP is focused on credit. Through its disciplined, solutions-oriented approach, BSP unlocks opportunities across market cycles and geographies. The firm manages strategies spanning private debt, real estate debt, structured credit, and liquid loans. For more information visit bspcredit.com.
About Franklin Templeton
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity.
With more than $1.78 trillion in assets under management as of May 31, 2026, Franklin Templeton operates globally in more than 35 countries.
To learn more, visit franklintempleton.com and follow us on LinkedIn.
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Benefit Street Partners L.L.C.
Public Relations:
Sam Turvey
Global Head of Communications, BSP
[email protected]
+44 (0) 782 783 6246
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