A leading middle market direct lender
We believe middle market direct lending represents a large and attractive investment opportunity. There is strong demand for private debt financing arising from middle market M & A activity and banks’ continued reluctance to hold middle market loans on their balance sheets. This has resulted in a significant funding gap for both financial sponsor-backed and non-sponsor businesses. We believe BSP’s origination footprint, large capital base, and credit expertise leaves us well-positioned to fill this need.
BSP has experience lending across the capital structure including 1st lien loans, unitranche loans, 2nd lien loans, unsecured bonds, and convertible/preferred equity instruments. We seek out opportunities where we can be a strategic partner to our borrowers. We believe our dedicated private debt origination team has differentiated access to lending opportunities through our nationwide network of corporate management teams and board members, key financial intermediaries and financial sponsors. With our recent acquisition of Alcentra, we have capabilities across the US and Europe.
In addition to funds structured for institutional investors, our private debt platform includes Franklin BSP Capital Corporation (“FBCC”), a closed-end management investment company that is regulated as a business development corporation.