BENEFIT STREET PARTNERS L.L.C.
Adviser information for BENEFIT STREET PARTNERS L.L.C. last updated from Form ADV on March 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 227 |
|---|---|
| Investment Advisory/Research | 107 |
| Registered Broker-Dealer Representatives | 8 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 73 | $28.3B |
| Non-Discretionary | 0 | $0 |
| Total | 73 | $28.3B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 3 | $702.9M |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 70 | $27.6B |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 48 |
Services
| Advisory Services | Portfolio management for investment companiesPortfolio management for pooled investment vehicles |
|---|---|
| Compensation | % of AUMPerformance-based fees |
| Other Business Activities | Commodity pool operator or commodity trading advisor |
Principal Office
9 WEST 57TH STREETSUITE 4920
NEW YORK
NY
United States
Monday - Friday, 8 AM - 5 PM
Tel: 212-588-6770, Fax: 212-588-6769
Chief Compliance Officer
ALEXANDER H. MCMILLAN
9 WEST 57TH STREET
SUITE 4920
NEW YORK
NY
United States
Tel:
212-588-6756
Fax:
212-588-6769
A*********@************************M
(Full email address available in API data)
Regulatory Contact
RICK GALLO
MANAGING DIRECTOR
360 S. ROSEMARY AVENUE
SUITE 1510
WEST PALM BEACH
FL
United States
Tel:
212-588-6739
Fax:
212-588-6769
R******@************************M
(Full email address available in API data)
Industry Affiliates
| ALCENTRA LIMITED | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisor |
| ALCENTRA NY, LLC | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisor |
| BENEFIT STREET PARTNERS CAPITAL OPPORTUNITY FUND GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS CAPITAL OPPORTUNITY FUND II GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS DEBT FUND IV (NON-US) GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS DEBT FUND IV GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS DISLOCATION FUND GP L.P. | Commodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS REAL ESTATE OPPORTUNISTIC DEBT FUND GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS REAL ESTATE OPPORTUNISTIC DEBT FUND II GP LP | Commodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS SMA LM GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS SMA-K GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS SMA-L GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS SMA-LK GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS SMA-O GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS SMA-T GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS SPECIAL SITUATIONS GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BENEFIT STREET PARTNERS SPECIAL SITUATIONS II GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BSP CLO MANAGEMENT LLC | Other investment adviser, including financial planners |
| BSP CLO SMA I GP L.P. | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| BSP COF-T GP L.P. | Sponsor, GP, manager of pooled investment vehicles |
| BSP COINVEST SMA-N GP L.P. | Commodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BSP COINVEST VEHICLE 1 GP L.P. | Sponsor, GP, manager of pooled investment vehicles |
| BSP CONTINGENT OPPORTUNITIES GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BSP DEBT FUND V GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BSP FT CLO SMA I GP LP | Sponsor, GP, manager of pooled investment vehicles |
| BSP FT REAL ESTATE OPPORTUNISTIC DEBT FUND II GP LP | Sponsor, GP, manager of pooled investment vehicles |
| BSP FT SMA-L GP LP | Sponsor, GP, manager of pooled investment vehicles |
| BSP FT SOF II GP LP | Sponsor, GP, manager of pooled investment vehicles |
| BSP SENIOR SECURED OPPORTUNITIES FUND (NON-US) GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BSP SENIOR SECURED OPPORTUNITIES FUND GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| BSP SMA-K II GP LP | Sponsor, GP, manager of pooled investment vehicles |
| BSP SOF II (SENIOR SECURED OPPORTUNITIES) GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| FRANKLIN BSP CAPITAL ADVISER LLC | Other investment adviser, including financial planners |
| FRANKLIN DISTRIBUTORS, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| PROVIDENCE DEBT FUND III (NON-US) GP LTD. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| PROVIDENCE DEBT FUND III GP L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| BENEFIT STREET PARTNERS CAPITAL OPPORTUNITY FUND II L.P. | Hedge Fund | $331.6M | $150.0M | 2 |
| BENEFIT STREET PARTNERS CAPITAL OPPORTUNITY FUND L.P. | Hedge Fund | $288.4M | $150.0M | 2 |
| BENEFIT STREET PARTNERS CLO II, LTD. | Securitized Asset Fund | $189.4M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CLO III, LTD. | Securitized Asset Fund | $199.0M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CLO IV, LTD. | Securitized Asset Fund | $502.1M | $0.0M | 4 |
| BENEFIT STREET PARTNERS CLO IX, LTD. | Securitized Asset Fund | $385.8M | $0.0M | 4 |
| BENEFIT STREET PARTNERS CLO V-B, LTD. | Securitized Asset Fund | $485.4M | $0.0M | 4 |
| BENEFIT STREET PARTNERS CLO V, LTD. | Securitized Asset Fund | $0.6M | $0.0M | 4 |
| BENEFIT STREET PARTNERS CLO VI-B, LTD. | Securitized Asset Fund | $633.5M | $0.0M | 5 |
| BENEFIT STREET PARTNERS CLO VII, LTD. | Securitized Asset Fund | $2.4M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CLO VIII, LTD. | Securitized Asset Fund | $492.4M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CLO X, LTD. | Securitized Asset Fund | $504.6M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CLO XI, LTD. | Securitized Asset Fund | $475.5M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CLO XII, LTD. | Securitized Asset Fund | $586.2M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CLO XIV, LTD. | Securitized Asset Fund | $485.1M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CLO XIX, LTD. | Securitized Asset Fund | $506.4M | $0.0M | 1 |
| BENEFIT STREET PARTNERS CLO XV, LTD. | Securitized Asset Fund | $485.0M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CLO XVI, LTD. | Securitized Asset Fund | $496.7M | $0.0M | 1 |
| BENEFIT STREET PARTNERS CLO XVIII, LTD. | Securitized Asset Fund | $559.4M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CLO XX, LTD. | Securitized Asset Fund | $456.8M | $0.0M | 4 |
| BENEFIT STREET PARTNERS CLO XXIII, LTD. | Securitized Asset Fund | $606.3M | $0.0M | 4 |
| BENEFIT STREET PARTNERS CLO XXV, LTD. | Securitized Asset Fund | $508.8M | $0.0M | 6 |
| BENEFIT STREET PARTNERS CLO XXXII, LTD. | Securitized Asset Fund | $402.2M | $0.0M | 3 |
| BENEFIT STREET PARTNERS CONTINGENT OPPORTUNITIES FUND - T L.P. | Hedge Fund | $82.5M | $0.0M | 2 |
| BENEFIT STREET PARTNERS DEBT FUND IV L.P. | Hedge Fund | $2,381.7M | $10.0M | 35 |
| BENEFIT STREET PARTNERS DEBT FUND IV MASTER (NON-US) L.P. | Hedge Fund | $2,337.1M | $10.0M | 40 |
| BENEFIT STREET PARTNERS DISLOCATION FUND (CAYMAN) MASTER L.P. | Hedge Fund | $55.6M | $1.0M | 2 |
| BENEFIT STREET PARTNERS DISLOCATION FUND L.P. | Hedge Fund | $142.9M | $1.0M | 62 |
| BENEFIT STREET PARTNERS REAL ESTATE OPPORTUNISTIC DEBT FUND II L.P. | Hedge Fund | $261.5M | $5.0M | 10 |
| BENEFIT STREET PARTNERS REAL ESTATE OPPORTUNISTIC DEBT FUND L.P. | Hedge Fund | $1,684.5M | $5.0M | 12 |
| BENEFIT STREET PARTNERS SENIOR SECURED OPPORTUNITIES (U) MASTER FUND (NON-US) L.P. | Hedge Fund | $11.6M | $10.0M | 2 |
| BENEFIT STREET PARTNERS SENIOR SECURED OPPORTUNITIES FUND L.P. | Hedge Fund | $237.9M | $10.0M | 8 |
| BENEFIT STREET PARTNERS SENIOR SECURED OPPORTUNITIES MASTER FUND (NON-US) L.P. | Hedge Fund | $275.1M | $10.0M | 18 |
| BENEFIT STREET PARTNERS SMA LM L.P. | Hedge Fund | $148.3M | $150.0M | 2 |
| BENEFIT STREET PARTNERS SMA-C II L.P. | Hedge Fund | $388.1M | $200.0M | 3 |
| BENEFIT STREET PARTNERS SMA-C L.P. | Hedge Fund | $50.9M | $150.0M | 3 |
| BENEFIT STREET PARTNERS SMA-K L.P. | Hedge Fund | $269.2M | $50.0M | 3 |
| BENEFIT STREET PARTNERS SMA-L L.P. | Hedge Fund | $105.2M | $100.0M | 3 |
| BENEFIT STREET PARTNERS SMA-O L.P. | Hedge Fund | $106.0M | $1.0M | 2 |
| BENEFIT STREET PARTNERS SMA-OS L.P | Hedge Fund | $147.9M | $1.0M | 2 |
| BENEFIT STREET PARTNERS SMA-T L.P. | Hedge Fund | $831.4M | $450.0M | 2 |
| BENEFIT STREET PARTNERS SPECIAL SITUATIONS CONTINGENT OPPORTUNITIES FUND L.P. | Hedge Fund | $103.6M | $0.0M | 5 |
| BENEFIT STREET PARTNERS SPECIAL SITUATIONS FUND II (CAYMAN) MASTER L.P. | Hedge Fund | $142.0M | $1.0M | 2 |
| BENEFIT STREET PARTNERS SPECIAL SITUATIONS FUND II L.P. | Hedge Fund | $232.6M | $1.0M | 38 |
| BSP CLO SMA I MASTER FUND L.P. | Hedge Fund | $631.2M | $160.0M | 4 |
| BSP COINVEST SMA-H L.L.C. | Hedge Fund | $25.2M | $0.0M | 2 |
| BSP COINVEST SMA-N L.P. | Hedge Fund | $427.0M | $0.0M | 2 |
| BSP DEBT FUND V (NON-US) MASTER L.P. | Hedge Fund | $1,408.7M | $10.0M | 17 |
| BSP DEBT FUND V L.P. | Hedge Fund | $583.0M | $10.0M | 15 |
| BSP DEBT FUND V UNLEVERED (NON-US) MASTER L.P. | Hedge Fund | $252.7M | $10.0M | 3 |
| BSP LEVERED NON-US MASTER SOF II (SENIOR SECURED OPPORTUNITIES) FUND L.P. | Hedge Fund | $396.2M | $10.0M | 9 |
| BSP LEVERED US SOF II (SENIOR SECURED OPPORTUNITIES) FUND L.P. | Hedge Fund | $1,013.3M | $10.0M | 17 |
| BSP MICHEL UNLEVERED DIRECT LENDING FUND SCSP | Hedge Fund | $250.3M | $0.0M | 1 |
| BSP SPECIAL SITUATIONS MASTER A L.P. | Hedge Fund | $507.9M | $5.0M | 67 |
| BSP SPECIAL SITUATIONS MASTER B L.P. | Hedge Fund | $29.9M | $5.0M | 67 |
| BSP UNLEVERED LUX SOF II (SENIOR SECURED OPPORTUNITIES) FUND SCSP | Hedge Fund | $220.4M | $10.0M | 3 |
| BSP UNLEVERED NON-US MASTER SOF II (SENIOR SECURED OPPORTUNITIES) FUND L.P. | Hedge Fund | $182.5M | $10.0M | 4 |
| LANDMARK WALL SMA L.P. | Hedge Fund | $112.3M | $1.0M | 3 |
| PROVIDENCE DEBT FUND III L.P. | Hedge Fund | $767.0M | $10.0M | 47 |
| PROVIDENCE DEBT FUND III MASTER (NON-US) L.P. | Hedge Fund | $422.9M | $10.0M | 45 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| GAHAN, THOMAS, JAMES | Individual | – | CHAIRMAN, CHIEF INVESTMENT OFFICER | 02/2011 | < 5% |
| MANLOWE, DAVID, JOSEPH | Individual | – | CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER | 02/2011 | < 5% |
| MARTOKEN, BRYAN, ROGER | Individual | – | CHIEF FINANCIAL OFFICER | 09/2012 | < 5% |
| MCMILLAN, ALEXANDER, HOWE | Individual | – | CHIEF COMPLIANCE OFFICER | 09/2012 | < 5% |
| BYRNE, RICHARD, JAN | Individual | – | PRESIDENT | 04/2013 | < 5% |
| FRANKLIN RESOURCES, INC. | Domestic Entity | – | SOLE MEMBER | 02/2019 | > 75% |
No. Employees, Historic
RAUM, Historic
No. Clients, Historic
Holdings
From latest 13F, filed November 13th, 2023 for period ending September 30th, 2023
| Name | Class | Value $USD | # Shares | Private Fund |
|---|---|---|---|---|
| ACRES COMMERCIAL REALTY CORP | COM NEW | 632K | 76K | – |
| BERRY CORP | COM | 2M | 233K | – |
| CASA SYS INC | COM | 206K | 243K | – |
| CLEAR CHANNEL OUTDOOR HLDGS | COM | 3M | 2M | – |
| DISH NETWORK CORPORATION | NOTE 2.375% 3/1 | 4M | 4M | – |
| FRONTIER COMMUNICATIONS PARE | COM | 9M | 554K | – |
| IHEARTMEDIA INC | COM CL A | 1M | 431K | – |
| SKILLSOFT CORP | CL A | 819K | 924K | – |