Clients
BSP Ny serves 37 clients, 35 of them pooled investment vehicles. The average client has about $385 million with the firm.
- Investment companies2 clients7%
- Pooled investment vehicles35 clients76%
- Pension and profit-sharing plans12%
- Corporations and other businesses5%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 2 | $936,406,307 | 6.6% | $468.2M |
| Pooled investment vehicles | 35 | $10,855,690,999 | 76.2% | $310.2M |
| Pension and profit-sharing plans | Not reported | $1,744,491,440 | 12.2% | — |
| Corporations and other businesses | Not reported | $704,980,426 | 5.0% | — |
| Total | 37 | $14,241,569,172 | 100% | $384.9M |
- Clients
- 2
- Regulatory AUM
- $936,406,307
- Share
- 6.6%
- Avg. per client
- $468.2M
- Clients
- 35
- Regulatory AUM
- $10,855,690,999
- Share
- 76.2%
- Avg. per client
- $310.2M
- Clients
- Not reported
- Regulatory AUM
- $1,744,491,440
- Share
- 12.2%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $704,980,426
- Share
- 5.0%
- Avg. per client
- —
Total
- Clients
- 37
- Regulatory AUM
- $14,241,569,172
- Share
- 100%
- Avg. per client
- $384.9M
What it does
BSP Ny provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
BSP Ny advises 18 private funds.
96.3% of assets ($13.71B across 41 accounts) are managed with discretion; $526.8M across 2 accounts are not. 81% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks7%
- Non-exchange-traded equities4%
- Exchange-traded equities3%
- Funds1%
- Bonds11%
- Cash5%
- Other76%
- Clo debt notes, bank debt investment and unfunded commitments76%
Custodians
BSP Ny’s client accounts are held mainly at State Street, with 5% of managed assets, and J.P. Morgan, with 5%. BSP Ny has custody of $2.11B for 7 clients.
- Bnym (luxembourg) S.A.Bnym (luxembourg) S.A. · Luxembourg · $705.0M5%
- State StreetState Street · Boston, MA · $746.2M5%
- Mitsubishi Ufj Investor Services & Banking (luxembourg) S.a.,Mitsubishi Ufj Investor Services & Banking (luxembourg) S.a., · Luxembourg · $262.9M2%
- J.P. MorganJ.P. Morgan Se Amsterdam Branch · Amsterdam · $735.4M5%
- All other custodians$11.79B83%
Ownership and leadership
Benefit Street Partners US, Inc. owns 75% or more of BSP Ny, and David Manlowe is its CEO.
- Owns 75% or more of BSP Ny LLC
Benefit Street Partners US, Inc.
Control person · since February 2018
- Owns 75% or more of Benefit Street Partners US, Inc.
BSP Group Holdings, Inc.
Control person · since November 2015
- Owns 75% or more of BSP Group Holdings, Inc.
Franklin Resources Inc.
Control person · since November 2022
- Owns 75% or more of BSP Ny LLC
Franklin Resources, Inc.
Control person · since November 2022
Leadership
- David ManloweChief Executive Officer
- Richard ByrnePresident
- Bryan MartokenChief Financial Officer and Co-Chief Operating Officer
- Allison DaviCo-Chief Operating Officer
- Enrico GalloChief Compliance Officer
- Shirley HambeltonGeneral Counsel
- Henry SchochChief Accounting Officer
Staff
- 18 employees
- 8 in advisory functions
- 3 broker-dealer reps
Fees
BSP Ny is paid through a percentage of assets under management and performance-based fees.
BSP Ny’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, BSP Ny has 3 offices, with 3 listed addresses across 3 states.
Florida · 1 listed address
- 360 South Rosemary Avenue, West Palm Beach
Massachusetts · 1 listed address
- 100 Federal Street, Boston
New York · 1 listed address
- One Madison Avenue, Suite 1600, New YorkHQ
Registration details
- Legal name
- BSP Ny LLC
- Headquarters
- One Madison Avenue, Suite 1600, New York, NY 10010
- Phone
- 212-588-6770
- Website
- Not reported
- SEC file
- 801-62417
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does BSP Ny have?
BSP Ny has 37 clients and manages $14.2 billion for them, as of March 2026. They include 35 pooled investment vehicles and 2 investment companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does BSP Ny offer?
BSP Ny provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does BSP Ny use?
BSP Ny’s separately managed account assets are held at State Street (Boston, MA), with $746,214,634, J.P. Morgan Se Amsterdam Branch (Amsterdam), with $735,423,715, Bnym (luxembourg) S.A. (Luxembourg), with $704,980,426 and Mitsubishi Ufj Investor Services & Banking (luxembourg) S.a., (Luxembourg), with $262,853,091. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does BSP Ny have?
BSP Ny has 0 investment adviser representatives registered with state securities authorities, out of 18 employees, and 8 perform investment advisory functions. 3 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
What does BSP Ny invest in?
At the end of its last fiscal year, BSP Ny’s separately managed accounts held 76% clo debt notes, bank debt investment and unfunded commitments, 11% high-yield corporate bonds, 5% cash and equivalents, 4% non-exchange-traded equities, 3% exchange-traded equities and 1% pooled vehicles (private funds and similar). It advises 18 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns BSP Ny?
BSP Ny is owned through a chain of holding companies by Franklin Resources Inc. Its direct owners are Benefit Street Partners US, Inc. (75% or more) and Franklin Resources, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does BSP Ny get paid?
BSP Ny 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