Benefit Street Partners Private Debt Strategy

Strategy Overview

Benefit Street Partners (BSP) Private Debt Strategy aims to generate attractive risk-adjusted returns and downside protection by prioritizing “strategic” non-competitive lending. The strategy has the flexibility to invest across the capital structure targeting investments presented by the large and persistent market opportunity that has been created by a structural supply/demand imbalance for middle market debt in North America.

Flexible approach to providing capital

Flexibility to underwrite credits across the capital structure by targeting opportunistic investments which are deemed attractive from a risk-reward perspective.

Direct sourcing model

Emphasis on non-competitive lending with access to a dedicated private credit origination team focused on proprietary deal flow with greater focus on non-sponsor lending relative to our peers.

Scale and experience

The investment team includes senior management professionals who have worked together for over 20 years and are leaders in the direct lending industry.

Our Investment Process

Benefit Street Partners utilize a robust and systematic process when analyzing and managing investments and takes a hands-on approach in order to preserve and create value.

Scaled and integrated platform

Robust platform with a large team of credit professionals, with a senior leadership team who have worked together for more than 20 years

Experience investing across the credit spectrum

Flexibility to invest opportunistically across the capital structure

Demonstrated credit discipline

Emphasis on structuring and risk management

Meet the Team

The BSP Private Debt Strategy is led by a dedicated private debt origination team in parallel with the Investment Committee of Thomas Gahan, Michael Paasche, Blair Faulstich and Saahil Mahajan. The team also has access to a deep bench of corporate credit investment professionals and sector-focused research analysts with all senior team members employing a hands-on diligence approach and involvement in all aspects of the investment process.

Learn more about Benefit Street Partners

Investment Committee

Tom Gahan

Head of Alternatives - Franklin Templeton
Chief Executive Officer, Chief Investment Officer - Benefit Street Partners
Industry since: 1984

Blair Faulstich

Managing Director/Senior Portfolio Manager
Industry since: 1992

Saahil Mahajan

Managing Director
Industry since: 2001

Resources and Related Strategies

Benefit Street Partners Special Situations Strategy

WHAT OUR MANAGERS THINK

Featured Insights

OCTOBER 29, 2025

We predicted the storm in commercial real estate

How bad was it? How did we do? And what’s next? Michael Comparato, Head of Commercial Real Estate at Benefit Street Partners discusses where things stand, the robust opportunity set that remains, and what to expect after the storm moves on for real.

AUGUST 25, 2025

Public insights on private credit: The art of vintage selection

Benefit Street Partners believes private credit managers need to focus on the financial conditions during a fund’s investment period. Skilled managers know when to dynamically deploy more capital or pull back, as the weather changes.

APRIL 11, 2025

What do tariffs mean for commercial real estate and CRE debt?

Benefit Street Partners believes that although stock market volatility is unsettling, it is not a cause for concern in the CRE sector. Instead, we should expect increased demand for CRE debt investments over the coming months and quarters.