The fund was established in January 2022 by Benefit Street Partners group. The group was founded a decade ago, and it employs over 200 employees and manages assets in the alternative credit assets with an aggregate value of 33B USD, as of March 2022. The group is owned by Franklin Templeton since 2019.
The fund will identify investments opportunities in the US credit ecosystem, while taking advantage of volatile market cycles and investments that are underpriced. The fund focus on tradable and non-tradable markets in mid-market companies, that has liquidity/operational difficulties or an opportunity acquisition that has arisen as a result of exogenous events.
