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July 14, 2021

Benefit Street Partners to Open West Palm Beach, Florida Office

NEW YORK – July 14, 2021 –Benefit Street Partners L.L.C. (“BSP”), a subsidiary of Franklin Templeton and a leading credit-focused alternative asset management firm with over $32 billion in assets under management, today announced it will be opening an office in West Palm Beach, Florida. Anticipated to open in January 2022, the office will be located at 360 Rosemary Square, in the heart of downtown West Palm Beach.

Tom Gahan, CEO of BSP and Head of Alternatives for Franklin Templeton, who will be based in the new office, noted, “We are very excited about the continued growth of our platform and geographical reach. With the opening of our West Palm Beach office, BSP will have six offices across the U.S. We believe the Southeast in general—and Southern Florida in particular—will be an increasingly important geography for our overall business.”

About Benefit Street Partners

Benefit Street Partners L.L.C. (“BSP”) is a leading credit-focused alternative asset management firm with over $32 billion in assets under management as of June 30, 2021. BSP manages assets across a broad range of complementary credit strategies, including private/opportunistic debt, structured credit, high yield, special situations, and commercial real estate. Based in New York, the BSP platform was established in 2008. BSP is a wholly owned subsidiary of Franklin Resources, Inc. For further information, please visit www.benefitstreetpartners.com.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN], is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and approximately $1.5 trillion in assets under management as of June 30, 2021. For more information, please visit franklinresources.com.

Media Contacts:

Corporate Communications: Pholida Barclay
(212) 632-3204, pholida.barclay@franklintempleton.com

Prosek Partners: Kate Dillion
(518) 859-2892, kate.dillion@prosek.com