Key Takeaways
- • Benefit Street Partners (BSP) closed BSPDF 2026-FL6 (FL6), a managed commercial real estate CLO worth around $1.1bn (£815.7m), according to Alternative Credit Investor.
- • FL6 is the third CLO from BSP's Opportunistic Debt Fund II and lifts the firm's CRE CLO issuance to five transactions totalling roughly $5bn this year.
- • The transaction carries a 30-month reinvestment period.
- • Wells Fargo Securities acted as sole structuring agent, with Barclays, Goldman Sachs, JP Morgan and Morgan Stanley as co-lead managers and joint bookrunners, and Performance Trust Capital Partners as co-manager.
- • BSP, the private credit specialist arm of Franklin Templeton with $97bn of assets under management, follows the June close of the $500m BSP CLO 50.
Summary
Benefit Street Partners (BSP) has closed a managed commercial real estate collateralised loan obligation (CRE CLO) worth around $1.1bn (£815.7m), according to Alternative Credit Investor. The transaction, BSPDF 2026-FL6 (FL6), brings the private credit manager's CRE CLO issuance to five transactions totalling roughly $5bn this year.
FL6 is the third CLO issued from BSP's Opportunistic Debt Fund II. Jerry Baglien, head of real estate at BSP, said the closing "reflects the continued momentum across our real estate business and the strength of our financing capabilities." The deal carries a 30-month reinvestment period.
Wells Fargo Securities acted as sole structuring agent on the transaction. Barclays, Goldman Sachs, JP Morgan and Morgan Stanley served as co-lead managers and joint bookrunners, with Performance Trust Capital Partners as co-manager.
The deal follows the close of BSP CLO 50, a $500m new-issue CLO, in June. BSP manages $97bn of assets under management and is the private credit specialist arm of Franklin Templeton.
FL6 is the third CLO issued from BSP's Opportunistic Debt Fund II. Jerry Baglien, head of real estate at BSP, said the closing "reflects the continued momentum across our real estate business and the strength of our financing capabilities." The deal carries a 30-month reinvestment period.
Wells Fargo Securities acted as sole structuring agent on the transaction. Barclays, Goldman Sachs, JP Morgan and Morgan Stanley served as co-lead managers and joint bookrunners, with Performance Trust Capital Partners as co-manager.
The deal follows the close of BSP CLO 50, a $500m new-issue CLO, in June. BSP manages $97bn of assets under management and is the private credit specialist arm of Franklin Templeton.
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