Benefit Street Partners Closes Its 50th CLO at $500M

Benefit Street Partners, the private credit arm of Franklin Templeton, has closed BSP CLO 50, a $500 million new-issue collateralized loan obligation, marking another milestone for the firm’s expanding structured credit platform.

The transaction, which closed on May 26, was arranged in partnership with Scotiabank and adds to a long track record of CLO issuance by BSP, which launched its first transaction in 2012.

Since then, the firm’s U.S. CLO platform has raised approximately $25.5 billion in capital and attracted more than 300 investors.

“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,” said Dan Ryan, co-head of BSP’s U.S. CLO platform.

The latest issuance comes as BSP continues to broaden its global liquid and structured credit capabilities. In addition to its established U.S. CLO business, the firm has expanded its European CLO platform, building on more than two decades of experience in structured credit markets.

Last year, BSP raised $500 million for its third captive fund, further diversifying its investment offerings.

The firm has also remained active in commercial real estate finance. In March, BSP closed BSPDF 2026-FL3, a $1.1 billion managed commercial real estate CLO with significant exposure to the multifamily sector.