AdvisorCensus / Financial advisors / Benefit Street Partners Limited
Benefit Street Partners Limited is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 7, 2026.
Quick answers
From the filingHow is Benefit Street Partners Limited compensated?
On its Form ADV (Item 5.E, October 2026), Benefit Street Partners Limited reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Benefit Street Partners Limited located?
Benefit Street Partners Limited's principal office is in London, United Kingdom, according to its Form ADV.
Is Benefit Street Partners Limited registered with the SEC or a state?
Benefit Street Partners Limited is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160617.
How much does Benefit Street Partners Limited manage?
Benefit Street Partners Limited reports $22,614,635,412 in regulatory assets under management in its Form ADV filing dated May 7, 2026 (98% discretionary).
How have Benefit Street Partners Limited's assets and staff changed since 2021?
In the Form ADV data for Benefit Street Partners Limited: Regulatory assets under management: $24,027,162,134 in the October 2021 data and $22,614,635,412 in the October 2026 data, down 6%. Total employees: 134 in October 2021 and 164 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Benefit Street Partners Limited serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (41); investment companies (1).
Which custodians does Benefit Street Partners Limited use?
Benefit Street Partners Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan SE Amsterdam Branch, Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A., and State Street Bank and Trust Company as custodians holding 10% or more of its separately managed account assets.
Does Benefit Street Partners Limited report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160617
What changed in Benefit Street Partners Limited's recent Form ADV filings?
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated May 7, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$22,614,635,412 as of October 2026, filing dated May 7, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Also doing business as
- ALCENTRA MF II GP LIMITED, ALCENTRA S.A.R.L, ALCENTRA UK DLF GP LIMITED, CLAREANT JERSEY GP LIMITED PARTNERSHIP
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2012 (14 years)
- Employees
- Total: 164. Performing investment advisory functions: 45.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $22,614,635,412 | 164 | May 7, 2026 |
| October 2025 | $19,061,484,836 | 172 | March 31, 2025 |
| October 2024 | $20,375,355,958 | 163 | September 10, 2024 |
| October 2023 | $19,617,962,380 | 166 | April 18, 2023 |
| October 2022 | $22,826,288,780 | 145 | May 6, 2022 |
| October 2021 | $24,027,162,134 | 134 | August 26, 2021 |
Regulatory assets under management: $24,027,162,134 in the October 2021 data and $22,614,635,412 in the October 2026 data, down 6%.
Total employees: 134 in October 2021 and 164 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- June 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Employees performing advisory functions went from 49 to 45.
- Regulatory assets under management went from $19,061,484,836 to $22,614,635,412 (+19%).
- Updated its list of owners and control persons (Schedule A).
- March 2026
- Changed its legal name from Alcentra Limited to Benefit Street Partners Limited.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Benefit Street Partners Limited (CRD 160617): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/benefit-street-partners-limited-london-160617