{
  "crd_number": 160617,
  "slug": "benefit-street-partners-limited-london-160617",
  "primary_business_name": "BENEFIT STREET PARTNERS LIMITED",
  "legal_name": "BENEFIT STREET PARTNERS LIMITED",
  "dbas": [
    "ALCENTRA MF II GP LIMITED",
    "ALCENTRA S.A.R.L",
    "ALCENTRA UK DLF GP LIMITED",
    "CLAREANT JERSEY GP LIMITED PARTNERSHIP"
  ],
  "city": "London",
  "state": null,
  "country": "United Kingdom",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-03-30",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-05-07",
  "carried_forward": false,
  "raum_total": 22614635412.0,
  "raum_discretionary": 22087876630.0,
  "raum_non_discretionary": 526758782.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 164,
  "advisory_employees": 45,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 461622362.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 1744491440.0,
      "count": null,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 20408521610.0,
      "count": 41
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://bspcredit.com",
    "https://fbccbdc.com",
    "https://fbrtreit.com",
    "https://linkedin.com/company/alcentra"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160617",
  "city_as_filed": "LONDON",
  "url": "https://advisorcensus.com/firm/benefit-street-partners-limited-london-160617",
  "display_name": "Benefit Street Partners Limited",
  "summary": "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.",
  "citation": "AdvisorCensus. Benefit Street Partners Limited (CRD 160617): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "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"
  ],
  "quick_answers": [
    {
      "q": "How is Benefit Street Partners Limited compensated?",
      "a": "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."
    },
    {
      "q": "Where is Benefit Street Partners Limited located?",
      "a": "Benefit Street Partners Limited's principal office is in London, United Kingdom, according to its Form ADV."
    },
    {
      "q": "Is Benefit Street Partners Limited registered with the SEC or a state?",
      "a": "Benefit Street Partners Limited is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160617."
    },
    {
      "q": "How much does Benefit Street Partners Limited manage?",
      "a": "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)."
    },
    {
      "q": "How have Benefit Street Partners Limited's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Benefit Street Partners Limited serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Benefit Street Partners Limited use?",
      "a": "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."
    },
    {
      "q": "Does Benefit Street Partners Limited report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in Benefit Street Partners Limited's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 24027162134.0,
      "total_employees": 134,
      "filing_date": "2021-08-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 22826288780.0,
      "total_employees": 145,
      "filing_date": "2022-05-06"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 19617962380.0,
      "total_employees": 166,
      "filing_date": "2023-04-18"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 20375355958.0,
      "total_employees": 163,
      "filing_date": "2024-09-10"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 19061484836.0,
      "total_employees": 172,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 22614635412.0,
      "total_employees": 164,
      "filing_date": "2026-05-07"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "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)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Changed its legal name from Alcentra Limited to Benefit Street Partners Limited.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "J.P. Morgan SE Amsterdam Branch",
      "name_as_filed": "J.P. MORGAN SE AMSTERDAM BRANCH",
      "affiliated": false
    },
    {
      "name": "Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A.,",
      "name_as_filed": "MITSUBISHI UFJ INVESTOR SERVICES & BANKING (LUXEMBOURG) S.A.,",
      "affiliated": false
    },
    {
      "name": "State Street Bank and Trust Company",
      "name_as_filed": "STATE STREET BANK AND TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/benefit-street-partners-limited-london-160617.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 461622362.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 41,
      "fewer_than_5": false,
      "raum": 20408521610.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 1744491440.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160617",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}