{"url":"https://nivawealth.com/firms/bsp-ny-128557","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/128557","regulatoryAum":14241569172,"crd":"128557","secFileNumber":"801-62417","legalName":"BSP Ny LLC","displayName":"BSP Ny","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":"6 October 2003","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":18,"advisory":8,"brokerDealerReps":3,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":13714810391,"discretionaryAccounts":41,"nonDiscretionary":526758781,"nonDiscretionaryAccounts":2,"wrapProgram":null,"nonUsClientsPct":81,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":2,"regulatoryAum":936406307},{"label":"Pooled investment vehicles","clients":35,"regulatoryAum":10855690999},{"label":"Pension and profit-sharing plans","clients":null,"regulatoryAum":1744491440},{"label":"Corporations and other businesses","clients":null,"regulatoryAum":704980426}],"fees":[],"feeNotes":[],"custodians":[{"name":"Bnym (luxembourg) S.A.","shortName":"Bnym (luxembourg) S.A.","location":"Luxembourg","smaAssets":704980426},{"name":"State Street","shortName":"State Street","location":"Boston, MA","smaAssets":746214634},{"name":"Mitsubishi Ufj Investor Services & Banking (luxembourg) S.a.,","shortName":"Mitsubishi Ufj Investor Services & Banking (luxembourg) S.a.,","location":"Luxembourg","smaAssets":262853091},{"name":"J.P. Morgan Se Amsterdam Branch","shortName":"J.P. Morgan","location":"Amsterdam","smaAssets":735423715}],"custodyNote":"BSP Ny has custody of $2.11B for 7 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":"General Counsel","crd":"8061910"},{"name":"Henry Schoch","title":"Chief Accounting Officer","crd":"7891504"}],"ownership":[{"label":"Benefit Street Partners US, Inc.","detail":"Shareholder in the 75% or more ownership band and a control person, since February 2018."},{"label":"Franklin Resources, Inc.","detail":"Sole member in the 75% or more ownership band and a control person, since November 2022."},{"label":"BSP Group Holdings, Inc.","detail":"Indirect owner: a shareholder of Benefit Street Partners US, Inc. in the 75% or more band and a control person, since November 2015.","parent":"Benefit Street Partners US, Inc."},{"label":"Franklin Resources Inc.","detail":"Indirect owner: a shareholder of BSP Group Holdings, Inc. in the 75% or more band and a control person, since November 2022.","parent":"BSP Group Holdings, Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":0},"listedOfficeAddresses":3,"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"360 South Rosemary Avenue","city":"West Palm Beach"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"100 Federal Street","city":"Boston"}]},{"state":"New York","offices":1,"addresses":[{"street":"One Madison Avenue, Suite 1600","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-588-6770","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":3},{"label":"Non-exchange-traded equity securities","percent":4},{"label":"Non-investment grade corporate bonds","percent":11},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":1},{"label":"Cash and cash equivalents","percent":5},{"label":"Other","percent":76,"detail":"Clo Debt Notes, Bank Debt Investment and Unfunded Commitments"}],"privateFunds":18},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/128557/PDF/128557.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does BSP Ny have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does BSP Ny offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does BSP Ny use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does BSP Ny have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does BSP Ny invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns BSP Ny?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does BSP Ny get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. 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."}