Benefit Street Partners is prepared to deploy up to $10B for its U.S. real estate debt strategy, including $3B in equity commitments, marking the largest fund-raise in the firm’s history.
The New York-based, credit-focused alternative asset manager announced the final close of BSP Real Estate Opportunistic Debt Fund II, which has $10B in investable capital across $3B in equity commitments, according to a news release. The fund is focused on originating senior and junior commercial real estate debt investments across major U.S. markets.
The fund was launched in 2023 in partnership with Franklin Templeton. BSP’s first opportunistic debt strategy closed in 2022 with $518M in…