At a glance
- The vehicle has a 30-month reinvestment period and is the third CLO from BSP's Opportunistic Debt Fund II, according to Jerry Baglien, the firm's head of real estate.
- For BDC managers, the 30-month reinvestment period is the term to model: FL6 can keep adding commercial real estate loans after closing and could compete with BDCs for the same collateral.
- BSP, the private credit arm of Franklin Templeton, reports $97 billion in assets under management.
Benefit Street Partners closed BSPDF 2026-FL6, a managed CRE CLO of about $1.1 billion, lifting the Franklin Templeton unit's 2026 CRE CLO issuance to five deals and roughly $5 billion, Alternative Credit Investor reported.
The vehicle has a 30-month reinvestment period and is the third CLO from BSP's Opportunistic Debt Fund II, according to Jerry Baglien, the firm's head of real estate.
For BDC managers, the 30-month reinvestment period is the term to model: FL6 can keep adding commercial real estate loans after closing and could compete with BDCs for the same collateral.
BSP, the private credit arm of Franklin Templeton, reports $97 billion in assets under management. As Private Wealth Daily previously reported, the real estate arm also funded a $117.3 million Texas multifamily refinancing in late October.
Reported by the BDCs desk from Alternative Credit Investor and Private Wealth Daily archive. Published . Corrections