Month: February 2019

Business Development Corporation of America, an affiliate of Benefit Street Partners, Acquires Siena Capital Finance LLC

Capital Finance LLC NEW YORK, February 22, 2019 – Business Development Corporation of America (“BDCA”), an affiliate of Benefit Street Partners L.L.C., announced the acquisition of a controlling interest in Siena Capital Finance LLC (“Siena”) from Solaia Capital Advisors LLC (“Solaia”). Siena is a leader in the asset-based lending (“ABL”) business, and offers asset based […]

Franklin Templeton completes acquisition of alternative credit manager Benefit Street Partners

February 1, 2019 — Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today completed the acquisition of Benefit Street Partners L.L.C. (“BSP”), a leading alternative credit manager. This acquisition bolsters Franklin Templeton’s alternatives offerings and expands its fixed income capabilities in the area of private credit, which presents strong opportunity […]

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