Benefit Street Partners Closes Direct Lending Fund V with $4.7b

Benefit Street Partners, the credit-focused alternative asset manager, has achieved the successful closing of its fifth flagship direct lending vehicle, BSP Debt Fund V, raising an impressive $4.7 billion. This milestone marks a significant achievement for the firm, known for its strategic investments in privately originated, floating rate, senior secured loans. BSP Debt Fund V will be dedicated to targeting both private equity-sponsored and non-sponsored middle-market companies across North America, reflecting Benefit Street Partners' commitment to diversifying and strengthening its investment portfolio. This accomplishment underscores the firm's prowess in navigating the credit-focused alternative asset landscape, solidifying its position as a leading player in the private equity sector.