Franklin Templeton Investments has an agreement to buy $26 billion alternative credit manager Benefit Street Partners from private equity firm Providence Equity Partners, the firms...

Oct 25, 2018 · Franklin said it would acquire Benefit Street’s operations and management fee earnings for an initial $683 million, including $130 million that will be used to retire Benefit Street’s debt.

“We’re pleased to announce the acquisition of Benefit Street Partners and to welcome its seasoned and talented team,” said Greg Johnson, chairman and CEO of Franklin Templeton.

Oct 25, 2018 · Providence Equity Partners is selling its private credit arm, Benefit Street Partners, to Franklin Templeton after 10 years. Franklin is buying all of Benefit Street’s operations...

Jan 31, 2019 · Franklin Resources, Inc. entered into an agreement to acquire Benefit Street Partners L.L.C. from Providence Equity L.L.C. and others for approximately $717 million on October 24, 2018.

Oct 25, 2018 · It offers private debt strategies including performing and distressed corporate private credit, structured credit and commercial real estate. It credit platform was founded in partnership with …

Feb 4, 2019 · Established in 2008 in partnership with Providence Equity Partners, Benefit Street offers investment capabilities covering corporate performing and distressed private credit, structured credit …

In 2018, Providence Equity Partners sold Benefit Street Partners to Franklin Templeton for $683 million. Use Private Equity International's platform to access the latest news, analysis, insights and fund data …

From private to public markets, our strategies aim to deliver strong, risk-adjusted performance through disciplined credit selection and active management. Explore our strategies to see where our …

Oct 25, 2018 · The acquisition will bolster Franklin Templeton’s alternative offerings and expand its robust fixed income capabilities to include an array of alternative credit strategies, at a time when …