Alcentra Group

Name

Alcentra Group

Legal name

Benefit Street Partners

Website

https://alcentra.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Alternative Credit Asset Management

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Finance Services (6199), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Private Credit — Structured Credit (CLOs, ABS, Private Securitizations) (FSAHAJAH)

akta.pro secondary industries

Direct Lending — Asset-Based Lending (ABL) (FSAHAJAE), Asset-Based Lending (ABL) (FSANADAD)

Keywords

• Alternative credit management
• Sub-investment grade credit
• Institutional asset management
• Direct lending
• CLO management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Alternative Credit Asset Management: Alcentra generates revenue through management fees charged on assets under management, typically calculated as a percentage of AUM. As part of BSP consolidated under Franklin Templeton, the firm also likely earns performance fees or carried interest on certain fund strategies. The combined BSP platform exceeds $100 billion in assets under management, generating fee income across multiple credit strategies including CLOs, direct lending, structured credit, and infrastructure debt.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Alcentra Group is a global alternative credit asset management firm focused on sub-investment grade corporate credit, managing approximately $93 billion in assets for institutional investors worldwide. The firm offers nine distinct credit strategies spanning CLOs, direct lending, infrastructure debt, liquid credit, multi-asset credit, public and registered funds, real estate, special situations, and structured credit. Following Franklin Templeton's January 2026 consolidation under the unified BSP brand, Alcentra operates as a wholly owned subsidiary combining specialist credit expertise with Franklin Templeton's institutional scale.

Product overview

BSP (Benefit Street Partners), the unified brand encompassing Alcentra following Franklin Templeton's January 2026 consolidation, operates as a comprehensive alternative credit platform. The platform manages $93 billion in assets and offers nine distinct investment strategies: CLOs, Direct Lending, Infrastructure Debt, Liquid Credit, Multi-Asset Credit, Public & Registered Funds, Real Estate, Special Situations, and Structured Credit. These strategies span from private to public markets, providing institutional and retail investors with risk-adjusted credit solutions across the full spectrum of fixed income and credit instruments. The platform is structured as a single integrated offering under BSP, combining what were previously separate Benefit Street Partners and Alcentra product lines into one cohesive alternative credit platform.

Differentiator

Problem solved

Functional benefit

Products and services

• CLOs (Collateralized Loan Obligations) Corporate loan securitization strategy involving pools of loans packaged into tranche structures, offered to institutional investors seeking structured credit exposure.
• Direct Lending Private credit strategy providing directly originated loans to borrowers, typically senior secured debt, for institutional investors seeking private credit exposure.
• Infrastructure Debt Debt financing strategy focused on infrastructure assets including data centers, energy transition, and traditional infrastructure projects, offered to institutional investors.
• Liquid Credit Public market credit strategy encompassing senior loans and high yield bonds for more liquid credit exposure, offered to institutional investors.
• Multi-Asset Credit Diversified credit strategy across multiple asset classes and instruments within credit markets, offered to institutional investors seeking broad credit exposure.
• Public & Registered Funds Registered investment funds providing public market credit exposure to retail and institutional investors.
• Real Estate Credit strategy focused on real estate debt and equity opportunities across commercial and residential sectors, offered to institutional investors.
• Special Situations Opportunistic credit strategy targeting complex, distressed, or unique investment situations requiring specialized expertise, offered to institutional investors.
• Structured Credit Structured products and securitized credit strategy including ABS, CLOs, and other structured finance instruments, offered to institutional investors.

Quantifiable outcome

• $93 billion in assets under management for investors worldwide
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Benefit Street PartnerscoreStrategic or Co-development Partner · 26 January 2026Benefit Street Partners and Alcentra were consolidated under the unified BSP brand as of January 26, 2026. The combined platform integrates two firms acquired by Franklin Templeton in 2019 and 2022 respectively, creating a comprehensive alternative credit platform exceeding $100 billion in AUM.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Blackstone Credit: Blackstone's credit arm (formerly GSO Capital Partners) is the largest alternative credit manager globally, offering direct lending, CLOs, structured credit, and special situations across private and public markets — directly comparable to BSP/Alcentra's multi-strategy credit platform.
• Apollo Global Management (Credit): Apollo's credit segment spans direct origination (Athene/Athora-aligned), CLOs, structured credit, and liquid credit strategies at massive scale, making it a direct strategic peer to BSP/Alcentra's alternative credit platform.
• KKR Credit: KKR's Credit & Liquid Strategies franchise offers direct lending, CLOs, structured credit, and special situations across private and public markets, making it a direct competitor in the alternative credit institutional channel that BSP/Alcentra serves.
• Oaktree Capital Management: Oaktree (acquired by Brookfield) is a major alternative credit manager with deep expertise in high yield bonds, distressed debt, structured credit, and direct lending — directly comparable in credit-cycle-tested sub-investment grade credit expertise.

Direct peers

• Ares Management (Credit Group): Ares Credit Group operates direct lending, CLOs, structured credit, and liquid credit strategies serving institutional investors globally — a closely aligned multi-strategy alternative credit manager comparable in scale and strategy mix to BSP/Alcentra.
• Blue Owl Capital: Blue Owl's direct lending and GP strategic capital franchises (Owl Rock) are direct competitors in the alternative credit space, with comparable focus on institutional capital and senior-secured direct lending strategies.
• HPS Investment Partners: HPS is a pure-play alternative credit manager offering direct lending, CLOs, structured credit, and special situations — directly comparable in product mix to BSP/Alcentra and a key competitor for institutional mandates.
• Golub Capital: Golub is a specialist direct lending and structured credit manager focused on the middle market, offering a comparable mix of senior-secured loan origination and credit fund products to institutional investors.
• Sixth Street Partners: Sixth Street is a multi-strategy alternative credit and specialty finance manager with direct lending, structured credit, and infrastructure debt offerings — directly comparable to BSP/Alcentra's strategy breadth.
• Marathon Asset Management: Marathon is a specialist alternative credit manager with direct lending, CLO, structured credit, and special situations strategies serving institutional investors — closely comparable to BSP/Alcentra in scale and strategy mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/alcentra

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alcentra Group