Benefit Street Partners L.L.C.
- Regulatory AUM
- $28.3B
- Discretionary
- $28.3B
- Clients
- 74
- Avg AUM / client
- $383M
- Accounts
- 74
- Employees
- 241
AUM over time
Annual snapshots from Form ADV filings · as of Jul 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 4 | $977M | 3.45% |
| Pooled investment vehicles (non-investment companies) | 70 | $27.3B | 96.5% |
Private funds (64)
View all →Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $27.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Benefit Street Partners Debt Fund Iv L.P. | Hedge Fund | Delaware | $2.4B | 35 |
| Benefit Street Partners Debt Fund Iv Master (Non Us) L.P. master | Hedge Fund | Cayman Islands | $2.3B | 40 |
| Benefit Street Partners Real Estate Opportunistic Debt Fund L.P. master | Hedge Fund | Delaware | $1.7B | 12 |
| Bsp Debt Fund V (Non Us) Master L.P. master | Hedge Fund | Cayman Islands | $1.4B | 17 |
| Bsp Levered Us Sof Ii (Senior Secured Opportunities) Fund L.P. master | Hedge Fund | Delaware | $1.0B | 17 |
| Benefit Street Partners Sma T L.P. | Hedge Fund | Delaware | $831M | 2 |
| Providence Debt Fund Iii L.P. | Hedge Fund | Delaware | $767M | 47 |
| Benefit Street Partners Clo Vi B, Ltd. | Securitized Asset Fund | Cayman Islands | $634M | 5 |
| Bsp Clo Sma I Master Fund L.P. master | Hedge Fund | Cayman Islands | $631M | 4 |
| Benefit Street Partners Clo Xxiii, Ltd. | Securitized Asset Fund | Cayman Islands | $606M | 4 |
| Benefit Street Partners Clo Xii, Ltd. | Securitized Asset Fund | Cayman Islands | $586M | 3 |
| Bsp Debt Fund V L.P. master | Hedge Fund | Delaware | $583M | 15 |
| Benefit Street Partners Clo Xviii, Ltd. | Securitized Asset Fund | Cayman Islands | $559M | 3 |
| Benefit Street Partners Clo Xxv, Ltd. | Securitized Asset Fund | Cayman Islands | $509M | 6 |
| Bsp Special Situations Master A L.P. master | Hedge Fund | Delaware | $508M | 67 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Gahan, Thomas, James | Chairman, Chief Investment Officer | Feb 2011 (16y) | Less than 5% | |
| Manlowe, David, Joseph | Chief Executive Officer, Chief Operating Officer | Feb 2011 (16y) | Less than 5% | |
| Martoken, Bryan, Roger | Chief Financial Officer | Sep 2012 (14y) | Less than 5% | |
| Byrne, Richard, Jan | President | Apr 2013 (13y) | Less than 5% | |
| Gallo, Enrico, Nicholas | Chief Compliance Officer | Apr 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Franklin Resources, Inc. | Sole Member | Feb 2019 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (64, $27.6B gross assets)
Top 25 of 64 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/07/2026 | 17 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: ALLEGATIONS OF FALSE AND MISLEADING STATEMENTS IN CONNECTION WITH AN INITIAL PUBLIC OFFERING. Status: Pending Summary: THE ALLEGATIONS CONCERN BERRY CORPORATION AND ITS OFFICERS AND DIRECTORS, INCLUDING MR. BRENT BUCKLEY, AN EMPLOYEE OF BENEFIT STREET PARTNERS L.L.C. THE COMPLAINT ALLEGES THAT MATERIAL AND MISLEADING STATEMENTS WERE MADE IN CONNECTION WITH AN INITIAL PUBLIC OFFERING OF BERRY CORPORATION, WHICH CAUSED THE PRICE OF BERRY CORPORATION TO TRADE AT INFLATED PRICES OVER THE TIME IN QUESTION, RESULTING IN MONETARY DAMAGES TO THE PLAINTIFFS. MR. BUCKLEY HAS INFORMED BENEFIT STREET PARTNERS, L.L.C. THAT OUTSIDE COUNSEL RETAINED BY BERRY CORPORATION BELIEVES THE ALLEGATIONS AS REPRESENTED IN THE COMPLAINT ARE WITHOUT MERIT.
Allegations: ALLEGATIONS OF FALSE AND MISLEADING STATEMENTS IN CONNECTION WITH AN INITIAL PUBLIC OFFERING; BREACHES OF FIDUCIARY DUTY. Status: Pending Summary: STOCKHOLDER DERIVATIVE COMPLAINT BOUGHT BY PLAINTIFF ON BEHALF OF BERRY CORP AGAINST BERRY'S BOARD IN CONNECTION WITH CURRENT ACTION PENDING IN UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF TEXAS UNDER TORRES, ET AL. V. BERRY CORP. ET AL (CIVIL ACTION 3:20-CV-3464-S), CONCERNING BERRY CORPORATION AND ITS OFFICERS AND DIRECTORS, INCLUDING MR. BRENT BUCKLEY, AN EMPLOYEE OF BENEFIT STREET PARTNERS L.L.C. THE COMPLAINT ALLEGES THAT MATERIAL AND MISLEADING STATEMENTS AND BREACHES OF FIDUCIARY DUTY WERE MADE IN CONNECTION WITH AN INITIAL PUBLIC OFFERING OF BERRY CORPORATION, RESULTING IN DECLINES IN BERRY'S STOCK PRICE AND MONETARY DAMAGES TO THE PLAINTIFF. MR. BUCKLEY HAS INFORMED BENEFIT STREET PARTNERS, L.L.C. THAT OUTSIDE COUNSEL RETAINED BY BERRY CORPORATION BELIEVES THE ALLEGATIONS AS REPRESENTED IN THE COMPLAINT ARE WITHOUT MERIT.
Allegations: ALLEGATIONS OF FALSE AND MISLEADING STATEMENTS IN CONNECTION WITH AN INITIAL PUBLIC OFFERING AND VIOLATIONS OF THE EXCHANGE ACT; BREACHES OF FIDUCIARY DUTY. Status: Pending Summary: STOCKHOLDER DERIVATIVE COMPLAINT BOUGHT BY PLAINTIFF ON BEHALF OF BERRY CORP AGAINST BERRY'S BOARD IN CONNECTION WITH CURRENT ACTION PENDING IN UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF TEXAS UNDER TORRES, ET AL. V. BERRY CORP. ET AL (CIVIL ACTION 3:20-CV-3464-S), CONCERNING BERRY CORPORATION AND ITS OFFICERS AND DIRECTORS, INCLUDING MR. BRENT BUCKLEY, AN EMPLOYEE OF BENEFIT STREET PARTNERS L.L.C. THE COMPLAINT ALLEGES THAT MATERIAL AND MISLEADING STATEMENTS AND BREACHES OF FIDUCIARY DUTY WERE MADE IN CONNECTION WITH AN INITIAL PUBLIC OFFERING OF BERRY CORPORATION, RESULTING IN DECLINES IN BERRY'S STOCK PRICE AND MONETARY DAMAGES TO THE PLAINTIFF. MR. BUCKLEY HAS INFORMED BENEFIT STREET PARTNERS, L.L.C. THAT OUTSIDE COUNSEL RETAINED BY BERRY CORPORATION BELIEVES THE ALLEGATIONS AS REPRESENTED IN THE COMPLAINT ARE WITHOUT MERIT.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- J.P. Morgan $139M (1% of AUM) Feb 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 30, 2026.
View current Form ADV (SEC/IAPD) ↗