Global asset manager Franklin Templeton (FT) has consolidated its European and US alternative credit businesses, Benefit Street Partners (BSP) and Alcentra , into a single brand.
The move, which will see both firms operate under the BSB brand, reflects what FT states is client demand for an “integrated and global credit platform”.
BSP and Alcentra were acquired by FT in 2019 and 2022 respectively, transactions driven by investor demand for credit-based vehicles.
According to research published by BSP, around 93% of institutional investors plan to increase (51%) or maintain (42%) their exposure to alternative credit in 2026.
“This alignment under a unified brand is a natural next step for our combined global platform,” said BSP chief executive David Manlowe.
“Critically, this move ensures we are optimally positioned to meet our clients’ evolving alternative credit needs, including exposure to new asset classes and geographies.”
