Benefit Street Partners L.L.C. (BSP), a subsidiary of Franklin Templeton (NYSE: BEN), closed BSP CLO 50, a $500 million collateralized loan obligation (CLO), on May 26, 2026. Scotiabank arranged the transaction, according to a press release.

The closing marks BSP's 50th CLO issuance since the firm entered the market in 2012. The firm's U.S. CLO platform has raised approximately $25.5 billion in CLO capital over that period and has drawn investment from more than 300 distinct investors since inception.

BSP is ranked the 9th largest U.S. CLO manager and the 8th largest CLO manager globally, according to Intex. As of June 8, 2026, the firm was the 5th most active new U.S. CLO issuer, according to JPMorgan.

"Closing CLO 50 is an important achievement for BSP and a testament to the strength, scale, and durability of our platform," said Dan Ryan, Co-Head of the U.S. CLO platform at BSP.

In 2025, BSP closed its third captive fund, raising $500 million to support its CLO issuance program. The firm also operates a European CLO business, which it has expanded since 2002.

BSP manages $93 billion in assets under management as of March 31, 2026, across strategies including private debt, real estate debt, structured credit, and liquid loans. Franklin Templeton manages more than $1.78 trillion in assets under management as of May 31, 2026, and operates in more than 35 countries.