Public Company Financial Services

Franklin BSP Capital

New York, New York, United States

A business development company (BDC) managed by affiliates of Benefit Street Partners. It provides debt financing to middle-market companies, including loans and other credit investments. In January 2024, Franklin BSP Capital Corporation completed a merger with Franklin BSP Lending Corporation and continues to operate under the Franklin BSP Capital Corporation name.

Focus Areas
Business development company (BDC), Middle-market lending, Private credit
Website
fbccbdc.com

Tracked deals

3

3 tracked deals across 2021-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout

Franklin BSP Capital Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Franklin BSP Capital. 1 2021 1 2022 1 2025

Supporting Data

Recent Transactions

  • Buyer
    Franklin BSP Realty Trust, Inc. (FBRT)
    Target
    NewPoint Holdings JV L.L.C. (NewPoint Real Estate Capital L.L.C.)
    Type
    Buyout

    Franklin BSP Realty Trust, Inc. (FBRT) has closed its acquisition of NewPoint Holdings JV L.L.C. (NewPoint) for $425 million. The deal expands FBRT's multifamily and agency lending capabilities, adding NewPoint's commercial real estate lending platform to FBRT's debt origination and servicing business.

  • Buyer
    Franklin BSP Lending Corporation, Franklin BSP Capital Corporation, Benefit Street Partners L.L.C.
    Target
    Encina Equipment Finance, LLC
    Seller
    Encina Capital Partners, Funds managed by Oaktree Capital Management, L.P.
    Type
    Buyout

    Franklin BSP Lending Corporation and Franklin BSP Capital Corporation, BDCs advised by Benefit Street Partners, acquired substantially all equity interests of Encina Equipment Finance, LLC. Encina will remain headquartered in Westport, Connecticut with management, including CEO Rick Matte, continuing to lead the business and retaining a minority stake; the acquisition provides a permanent capital base to support growth of Encina's equipment finance platform across the U.S. and Canada.

  • Buyer
    Franklin BSP Realty Trust, Inc., Rodeo Sub I, LLC, Benefit Street Partners L.L.C. (BSP)
    Target
    Capstead Mortgage Corporation
    Type
    Buyout

    Franklin BSP Realty Trust, Inc. (FBRT) completed its previously announced merger with Capstead Mortgage Corporation (Capstead). The transaction converted Capstead common and preferred shares into FBRT securities and delisted Capstead from the NYSE, with trading for the combined company beginning under FBRT’s tickers on October 19, 2021.

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