Franklin Templeton Canada introduces Benefit Street Partners' private credit strategy to qualified investors
Franklin Templeton Canada has launched Benefit Street Partners’ private credit investment strategy for Canadian qualified investors today, using iCapital’s customized technology and servicing solutions.
Benefit Street Partners-Alcentra, managing over US$74bn in assets, is one of the largest alternative credit managers globally with a 15-year track record in private credit markets.
Their multi-strategy approach focuses on identifying attractive opportunities in global credit markets and careful deal selection.
Benefit Street Partners is a significant part of Franklin Templeton’s US$256bn alternatives business, which also includes Clarion Partners for private real estate, K2 Advisors for hedge fund strategies, and Lexington Partners for secondary private equity and co-investments.
“Private credit has long been an important investment for institutional investors due to its attractive yields and diversification benefits,” said Dennis Tew, head of Sales at Franklin Templeton Canada.
“We are now offering Benefit Street Partners’ private credit strategy to Canadian qualified investors through our strategic partnership with iCapital, bringing our best alternative investment capabilities to the Canadian market.”
Benefit Street Partners provides a wide range of investment capabilities across private credit, special situations, structured credit, and commercial real estate credit. Their expertise in private credit includes:
- A scaled and integrated platform supported by a large team of credit professionals with investment expertise across the credit spectrum.
- Strong credit discipline, focusing on downside risk management and underwriting each credit on a deal-by-deal basis.
- Flexibility to invest across the capital structure, aiming to capture the best risk-adjusted returns.
Richard Byrne, president of Benefit Street Partners, stated, “Our multi-strategy approach combines the best private credit opportunities, giving investors access to high-conviction ideas across the credit spectrum. With our extensive investment experience through diverse market conditions, we aim to deliver attractive risk-adjusted returns while providing consistent current income.”
