Benefit Street Partners closes second special situations fund

Private Equity Wire

Alternative credit asset manager Benefit Street Partners has held the final close of BSP Special Situations Fund II and its affiliated vehicles which were oversubscribed with approximately $850m in capital commitments.

Fund II will seek to continue the investment approach of its predecessor fund.

BSP’s special situations platform aims to provide solutions to borrowers unable to access traditional markets, leveraging its vast experience in stressed and distressed situations. Since inception of the platform, the special situations team has deployed over $3bn.

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