Franklin BSP Lending Fund is a newly organized, non-diversified closed-end management investment company that operates as an interval fund. Its investment objective is to generate risk-adjusted returns with consistent current income. The Fund primarily invests in private debt opportunities in U.S. middle market companies with $25 million to $100 million in EBITDA, including directly originated senior secured, unitranche, and mezzanine loans, as well as high-yield bonds, broadly syndicated loans, CLOs, and other structured credit. Liquidity is provided through quarterly repurchase offers. The Fund is sub-advised by Benefit Street Partners L.L.C. and administered by Franklin Templeton Fund Adviser, LLC.
News and Notices
Franklin Templeton Investments, Benefit Street Partners
2025
'40 Act
Interval CEF
USD
Quarterly
Daily
0.75%
December 31
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Capital Flows
Share Classes
Returns
Fees
Ownership
Operating Metrics
Per Page
10
Notices
Jun 11, 2024
13:18
Ownership, Personnel
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Franklin BSP Lending Fund disclosed that Brett Mossman, Senior Vice President/Investment Manager, reported no securities owned as of September 1, 2026.
Mar 10, 2026
12:21
Ownership, Personnel
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Ann Elizabeth Doyle, Senior Vice President of Franklin BSP Lending Fund, disclosed that she owned no securities of the fund as of September 1, 2026. The disclosure indicates no reportable beneficial ownership by the Senior Vice President on that date.
Jun 02, 2025
10:45
Compliance, Distributions, Marketing Materials
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Franklin BSP Lending Fund named Ultimus Fund Solutions as Transfer Agent, replacing SS&C Global Investor & Distribution Solutions effective September 8, 2026. Shareholders must send reinvestment opt-out instructions to Ultimus 30 days before a distribution record date for cash distributions.
Apr 02, 2026
10:33
Fees, Redemptions
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Franklin BSP Lending Fund announced a repurchase offer for up to 5% of outstanding shares, open September 2-23, 2026. Shareholders must tender by 4:00 p.m. Eastern Time on September 23, with a 2% fee on shares held under one year.
Mar 14, 2026
12:07
Compliance
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Franklin BSP Lending Fund identified its calendar-year 2026 report as a fund notice report for the period ended June 30, 2026, with zero series reported. No portfolio company voting matters or voting records are presented.
Mar 12, 2024
13:25
Ownership
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Franklin Resources and BSP Fund HoldCo (Debt Strategy) amended their ownership disclosure for Franklin BSP Lending Fund, reporting 75,000 Class I shares and beneficial ownership decreasing from 38.7% to 4.8% based on 1.6 million shares outstanding.
Jul 07, 2026
13:24
Ownership
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Franklin BSP Lending Fund ownership disclosure updates Franklin Resources and BSP Fund HoldCo beneficial ownership of 75,000 Class I Shares from 68.7% to 38.7%, based on 193,572 outstanding Class I Shares as of August 6, 2026.
Mar 03, 2026
07:46
Ownership
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Franklin BSP Lending Fund ownership disclosure updates Franklin Resources and BSP Fund HoldCo (Debt Strategy) beneficial ownership of 75,000 Class I Shares from 59.6% to 46.6%, based on 161,063 shares outstanding as of July 30, 2026.
Jun 28, 2025
10:58
Ownership
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Franklin BSP Lending Fund ownership disclosure updates Franklin Resources and BSP Fund HoldCo (Debt Strategy) beneficial ownership of 75,000 Class I Shares from 59.6% to 49.7%, based on 150,831 shares outstanding as of July 27, 2026.
Feb 20, 2026
11:42
Ownership
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Franklin Resources and BSP Fund HoldCo (Debt Strategy) disclosed beneficial ownership of Franklin BSP Lending Fund Class I Shares decreased from 55.6% to 54.5%, based on 137,581 shares outstanding as of July 16, 2026.
Preview
News
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Interval CE Funds
Debt
North America
New Entrants
Partnerships
Franklin Templeton & Benefit Street Partners launch direct lending interval fund
Jan 15, 2026

Franklin BSP Lending Fund will pursue private debt investment opportunities in US middle-market companies with $25-100 million EBITDA.

Franklin BSP Lending Fund
Franklin Templeton Investments and Benefit Street Partners are responsible for managing Franklin BSP Lending Fund.
Franklin BSP Lending Fund launched in 2025.
Franklin BSP Lending Fund is registered as a '40 Act fund.
Franklin BSP Lending Fund is structured as a Interval CEF fund.
You can invest in Franklin BSP Lending Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Franklin BSP Lending Fund quarterly, subject to redemption limits and notice requirements.
Shares of Franklin BSP Lending Fund can be purchased in USD.
Franklin BSP Lending Fund's fiscal year end is December 31.
Franklin BSP Lending Fund's net asset value was $309.3 million and its portfolio had a fair value of $440.5 million as of June 30, 2026.
Among other deal types, Franklin BSP Lending Fund primarily makes Debt Investments.
Among other asset classes, Franklin BSP Lending Fund primarily invests in Direct Lending.
Among other regions, Franklin BSP Lending Fund primarily invests Globally and in the USA.
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