Franklin Templeton's BSP acquires Encina team and $480M portfolio

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Go back to Franklin Templeton's BSP acquires Encina team and $480M portfolio

Franklin Templeton and Benefit Street Partners Expand Asset-Backed Finance Capabilities with Encina Lender Finance Transaction

October 14, 2026 8:00 AM EDT

Adds 14-person investment team and a seed portfolio with approximately $480 million of commitments originated by Encina

NEW YORK--(BUSINESS WIRE)-- Franklin Templeton, Inc. (NYSE: BEN) and Benefit Street Partners, L.L.C. (BSP), the groups alternative credit manager, have completed a transaction with Encina Lender Finance (Encina) that expands BSPs asset-backed finance (ABF) platform. As of September 30, 2026, Franklin Templeton managed $1.8 trillion in assets, including over $300 billion in alternative assets, of which approximately $97 billion is managed by BSP.

Under the terms of the transaction, a new fund backed... More