Franklin Templeton and Benefit Street Partners Expand Asset-Backed Finance Capabilities with Encina Lender Finance Transaction
Business Wire•14/10/2026•08:00 ET
0
Key Highlights
- ➤$480 million seed portfolio acquired from Encina Lender Finance
- ➤14-person Encina investment team joins Benefit Street Partners
- ➤BSP ABF platform now includes approximately 100 investment professionals
- ➤BSP believes combined platform can originate more than $3 billion annually
- ➤Franklin Templeton managed $1.8 trillion as of September 30, 2026
Expert Statements
Jenny Johnson, CEO of Franklin Templeton
“We continue to expand and diversify our private markets capabilities, using our balance sheet selectively to support strategic growth. This transaction demonstrates the strength of our model: combining specialized investment expertise with Franklin Templeton’s global scale and distribution to build differentiated investment solutions for clients. With over $300 billion in alternative AUM, we believe there is significant opportunity to continue scaling our private markets capabilities globally.”
David Manlowe, CEO of Benefit Street Partners
“Investor demand for ABF continues to grow among a mix of institutional allocators. Adding the Encina team is a natural extension of our existing strategies and broadens both our origination capabilities and the range of financing solutions we can provide. Together with Franklin Templeton, we continue to build a scaled private ABF platform, which we believe has significant capacity for growth across asset classes and geographies.”
Franklin Templeton and Benefit Street Partners Expand Asset-Backed Finance Capabilities with Encina Lender Finance Transaction
Adds 14-person investment team and a seed portfolio with approximately $480 million of commitments originated by Encina
Get started
Create a free account to read the full story.