other material
confidence high
sentiment positive
materiality 0.65
Benefit Street Partners posts record $7.7B originations in 2021 across BDCs
Franklin BSP Capital Corp
- BSP originated record $7.7B (annual) and $2.8B (Q4) in commitments across 128 and 41 issuers respectively.
- FBLC originated over $1.5B across 103 issuers in 2021; NAV appreciated for six straight quarters as of Sep 30, 2021.
- FBCC originated over $500M across 63 issuers in 2021; raised ~$600M in capital commitments through Sep 30, 2021.
- BSP now manages over $36B in assets across private debt, CLOs, and other strategies as of Nov 30, 2021.
- FBLC, FBCC, and BSP affiliates acquired Encina Equipment Finance in Dec 2021, expanding equipment finance platform.