Private credit manager Benefit Street Partners, owned by Franklin Templeton, has appointed Takeshi Yamamoto as head of capital formation for Japan. He will be based in Franklin Templeton’s offices in Tokyo.
Takeshi joins from Blue Owl Japan, where he was a managing director. Prior to that, he worked in the financial institutions sales team in the asset management division at Credit Suisse Securities Japan, overseeing distribution of global credit and alternative investment strategies to Japanese investors.
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Benefit Street has been active in Japan for over a decade, with a significant investor base among the country’s financial institutions, which now represent around 10 per cent of the firm’s $92bn (£68.5bn in assets. The firm offers a range of private credit products in the Japanese market in partnership with Franklin Templeton.
However, demand has been strongest for liquid credit – CLOs and loans – reflecting local investor interest in floating rate instruments with spread and higher ratings.
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Allison Davi, Co-COO at Benefit Street, said: “Japan is a key global market for Benefit Street, which has operated there for over 10 years and had Japanese investors for much longer. We have a growing number of investors headquartered in the country, with specific needs, so this appointment reflects our ongoing investment and commitment to serve those clients while building out new relationships.
“BSP is focused on expanding our presence globally where we see increasing demand from investors for more exposure to specialised, scaled, and diversified private credit managers with an established track record. We maintain our expectation to surpass $100bn in AUM by the end of 2026.”
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