Benefit Street Partners is a New York-based institutional alternative credit manager and Franklin Templeton subsidiary focused exclusively on credit. It deploys capital through direct lending, structured and liquid credit, special situations, infrastructure debt and real estate strategies, with closed-ended, semi-liquid, liquid and separately managed account solutions. The firm manages $93 billion and invests across the United States, Europe and globally, making it most relevant for sponsors seeking institutional debt or credit capital rather than venture equity.