{"url":"https://nivawealth.com/firms/benefit-street-partners-158672","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/158672","regulatoryAum":28315800441,"crd":"158672","secFileNumber":"801-72843","legalName":"Benefit Street Partners L.L.C.","displayName":"Benefit Street Partners","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"One Madison Avenue, Suite 1600","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10010"},"tradeNames":[],"registration":{"secApproved":"9 November 2011","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":241,"advisory":110,"brokerDealerReps":5,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":28315800441,"discretionaryAccounts":74,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":31,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":4,"regulatoryAum":977301307},{"label":"Pooled investment vehicles","clients":70,"regulatoryAum":27338499134}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Benefit Street Partners has custody of $12.61B for 50 clients.","otherCustodians":[],"leadership":[{"name":"David Manlowe","title":"Chief Executive Officer","crd":"2340122"},{"name":"Richard Byrne","title":"President","crd":"1414142"},{"name":"Bryan Martoken","title":"Chief Financial Officer and Co-Chief Operating Officer","crd":"4669169"},{"name":"Allison Davi","title":"Co-Chief Operating Officer","crd":"4970659"},{"name":"Enrico Gallo","title":"Chief Compliance Officer","crd":"7910834"},{"name":"Shirley Hambelton","title":"Managing Director and General Counsel","crd":"8061910"}],"ownership":[{"label":"Franklin Resources, Inc.","detail":"Sole member in the 75% or more ownership band and a control person, since February 2019."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":4,"privateResidences":0},"listedOfficeAddresses":4,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"1212 Broadway Plaza","city":"Walnut Creek"}]},{"state":"Florida","offices":1,"addresses":[{"street":"360 S. 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They include 70 pooled investment vehicles and 4 investment companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Benefit Street Partners offer?","answer":"Benefit Street Partners provides portfolio management for investment companies and portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Benefit Street Partners have?","answer":"Benefit Street Partners has 0 investment adviser representatives registered with state securities authorities, out of 241 employees, and 110 perform investment advisory functions. 5 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Benefit Street Partners?","answer":"Benefit Street Partners’ direct owner is Franklin Resources, Inc. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Benefit Street Partners get paid?","answer":"Benefit Street Partners is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/benefit-street-partners-158672/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-21","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1543160/000091957426004482/0000919574-26-004482-index.html","totalValue":69643698,"positionCount":21,"top10Share":0.8514952207161659,"top10":[{"issuer":"RIOT PLATFORMS INC","titleOfClass":"NOTE 0.750% 1/1","cusip":"767292AB1","value":15585369,"shares":7815000,"shareType":"PRN","priorValue":29696607,"priorShares":25825000},{"issuer":"PG&E CORP","titleOfClass":"PFD CONV SER A","cusip":"69331C306","value":13786966,"shares":333260,"shareType":"SH","priorValue":14326847,"priorShares":333260},{"issuer":"ECHOSTAR CORP","titleOfClass":"CL 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}