Franklin BSP Private Credit Fund is a Delaware statutory trust registered under the Investment Company Act of 1940 as a non-diversified, closed-end management investment company and operated as an interval fund. The Fund seeks attractive risk-adjusted returns with consistent current income by investing primarily in private credit opportunities involving U.S. middle-market companies. Under normal circumstances, at least 80% of Managed Assets are invested in private credit, including senior secured, unitranche, second-lien, senior unsecured and subordinated debt, as well as directly originated loans, broadly syndicated loans and high-yield corporate bonds. Benefit Street Partners L.L.C. (BSP) serves as the Fund’s investment adviser.
News and Notices
Benefit Street Partners
Oct 03, 2022
Interval CEF
'40 Act
Quarterly
Daily
USD
December 31
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Capital Flows
Tender Offers
Share Classes
Returns
Fees
Ownership
Operating Metrics
Notices
Select Date Range
Search
Clear
Per Page
10
Oct 28, 2024
13:26
Ownership, Redemption
Franklin BSP Private Credit Fund ownership disclosure reports Franklin Templeton beneficial ownership of Advisor Class Shares decreased from 8.0 million, or 67.8%, to 6.6 million, or 50.3%, and notes a 223,423-share tender repurchase at $9.99 per share.
UDPgFnaO
Mar 14, 2024
16:05
Compliance, Marketing Material
Franklin BSP Private Credit Fund replaced SS&C Technologies with Ultimus Fund Solutions as transfer agent effective September 8, 2026, and changed its phone number to 833-565-4228. Investors should use Ultimus contacts for purchases, distribution reinvestment elections and account correspondence.
k2A1m7y
Jun 01, 2025
15:51
Redemption
Franklin BSP Private Credit Fund opened a quarterly repurchase offer for up to 5% of outstanding shares, with requests due September 22, 2026. Accepted tenders will be priced at September 22, 2026 net asset value, subject to proration if oversubscribed.
zHEUARs5F
Mar 25, 2024
11:05
Compliance
Franklin BSP Private Credit Fund reported its 2026 annual proxy voting notice report for the period ended June 30, 2026, with no series listed and no explanatory information included.
iZ5LSkq5j
Oct 05, 2024
21:18
Ownership, Personnel
Treasurer Maxwell Ross Rudenstein disclosed his officer relationship with Franklin BSP Private Credit Fund and reported no beneficial ownership of securities as of July 27, 2026.
sEQwtdDZK
Apr 30, 2024
16:05
Marketing Material, Personnel
Franklin BSP Private Credit Fund appointed Maxwell Rudenstein, Managing Director at Benefit Street Partners, as Treasurer, Principal Financial Officer and Principal Accounting Officer effective July 27, 2026, replacing Nina Baryski in those roles. Investors should retain the updated officer information.
GFTQoz4p
Jul 01, 2023
15:55
Ownership
Franklin BSP Private Credit Fund ownership disclosure updates Franklin Resources’ beneficial ownership of advisor class shares from 8.0 million, or 67.8%, to 7.0 million, or 59.2%, as of May 29, 2026.
AiVzfju8
Jun 01, 2026
06:04
Redemption
Franklin BSP Private Credit Fund announced a quarterly repurchase offer for up to 5% of outstanding Class A and Advisor Class shares, with requests due June 22, 2026. Oversubscribed tenders may be prorated.
yMrMEnc9R
Aug 30, 2025
13:27
Fee, Marketing Material
Franklin BSP Private Credit Fund updated its prospectus to reflect an amended expense limitation, lowering annualized Operating Expenses coverage from 2.25% to 1.00% of quarter-end NAV through May 1, 2027. The revised arrangement provides for Adviser reimbursement of excess expenses, subject to later recoupment limits.
tCp36nl
Nov 27, 2024
13:24
Redemption, Subscription
Franklin BSP Private Credit Fund reported $29.2 million of securities sold and $28.0 million redeemed or repurchased in fiscal 2025, resulting in $1.3 million of net sales and a $173.93 registration fee due. This means the fund’s annual fee payment was calculated from its net sales activity for the year.
M6dGBDv
Preview
Franklin BSP Private Credit Fund
Benefit Street Partners is responsible for managing Franklin BSP Private Credit Fund.
Franklin BSP Private Credit Fund launched in 2022.
Franklin BSP Private Credit Fund is registered as a '40 Act fund.
Franklin BSP Private Credit Fund is structured as a Interval CEF fund.
You can invest in Franklin BSP Private Credit Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Franklin BSP Private Credit Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Franklin BSP Private Credit Fund quarterly, subject to redemption limits and notice requirements.
Shares of Franklin BSP Private Credit Fund can be purchased in USD.
Franklin BSP Private Credit Fund's fiscal year end is December 31.
Franklin BSP Private Credit Fund's net asset value was $116.5 million and its portfolio had a fair value of $169 million as of March 31, 2026.
Among other deal types, Franklin BSP Private Credit Fund primarily makes Debt Investments.
Among other asset classes, Franklin BSP Private Credit Fund primarily invests in Direct Lending.
Among other regions, Franklin BSP Private Credit Fund primarily invests Globally and in North America.
Franklin BSP Private Credit Fund charges a 1.25% annual management fee, which is calculated based on NAV.
You can invest in FBPAX shares with a minimum initial investment of $2,500.
There is no minimum subsequent investment for FBPAX shares, allowing you to invest any amount.
You will be subject to paying an early repurchase/redemption fee of 0%.
Franklin BSP Private Credit Fund's FBSPX share class generated an annualized 1-month return of 2.59% and since-inception return of 9.28% as of December 31, 2025.
WHY JOIN?
Make data-driven decisions, build strategic connections and stay informed with every decision that evergreen funds make. Read More...