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0 -0.000214132762312591 -0.000214132762312591 0.00192719486081363 0.00406852248393999 0.00299785867237689 0.00107066381156311 0.00428265524625274
Stock impact report

Benefit Street Partners Closes Second Special Situations Fund

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Benefit Street Partners L.L.C (“BSP”) announced the final close of BSP Special Situations Fund II and its affiliated vehicles (“Fund II”) which were oversubscribed with approximately $850 million in capital commitments. Fund II will seek to continue the investment approach of its predecessor fund.BSP’s special situations platform aims to provide solutions to borrowers unable to access traditional markets, leveraging its vast experience in stressed and distressed situations. Since inception of the platform, the special situations team has deployed over $3 billion.“Given the dynamic credit market environment, the need for bespoke financing solutions is increasingly important,” said David Manlowe, Chief Executive Officer of BSP. “We appreciate the trust our investors have placed in our team to generate attractive risk-adjusted returns.”“We see a unique opportunity to provide non-traditional capital to over-leveraged businesses,” said Ray Costa, Head of Spec Show less Read more
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