Benefit Street Partners (BSP), the private credit specialist arm of Franklin Templeton, has closed its new issue collateralised loan obligation (CLO), BSP CLO 50, at $500m (£378m).
Benefit Street, which as $93bn in assets under management, closed the CLO on May 2026, in a transaction arranged in partnership with Scotiabank.
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The closing of BSP CLO 50 marks a milestone for BSP’s US CLO platform, which has now raised approximately $25.5bn in CLO capital since the firm’s first issuance in 2012. The platform has attracted support from more than 300 investors since inception.
“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 US 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.”
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In 2025, the firm closed its third captive fund, raising $500m, further supporting the growth and stability of its CLO issuance program.
