{
  "crd_number": 128557,
  "slug": "bsp-ny-llc-new-york-ny-128557",
  "primary_business_name": "BSP NY LLC",
  "legal_name": "BSP NY LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-10-06",
  "years_registered": 22,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 14241569172.0,
  "raum_discretionary": 13714810391.0,
  "raum_non_discretionary": 526758781.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 18,
  "advisory_employees": 8,
  "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": 936406307.0,
      "count": 2
    },
    "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": 10855690999.0,
      "count": 35
    },
    "corporations_other_businesses": {
      "raum": 704980426.0,
      "count": null,
      "fewer_than_5": true
    },
    "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": [
    "DE",
    "FL",
    "MA",
    "NY"
  ],
  "websites": [
    "https://bspcredit.com",
    "https://fbccbdc.com",
    "https://fbrtreit.com",
    "https://linkedin.com/company/bspcredit"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/128557",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/bsp-ny-llc-new-york-ny-128557",
  "display_name": "BSP NY LLC",
  "summary": "BSP NY LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2003, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. BSP NY LLC (CRD 128557): 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 BSP NY LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), BSP NY LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is BSP NY LLC located?",
      "a": "BSP NY LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is BSP NY LLC registered with the SEC or a state?",
      "a": "BSP NY LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 128557."
    },
    {
      "q": "How much does BSP NY LLC manage?",
      "a": "BSP NY LLC reports $14,241,569,172 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (96% discretionary)."
    },
    {
      "q": "How have BSP NY LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for BSP NY LLC: Regulatory assets under management: $21,451,412,780 in the October 2021 data and $14,241,569,172 in the October 2026 data, down 34%. Total employees: 51 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does BSP NY LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (35); investment companies (2)."
    },
    {
      "q": "Which custodians does BSP NY LLC use?",
      "a": "BSP NY LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bnym (luxembourg) S.A. (affiliated with the firm), J.P. Morgan SE Amsterdam Branch, Mitsubishi UFJ Investor Services & Banking (luxembourg) S.A., and State Street as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does BSP NY LLC 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/128557"
    },
    {
      "q": "What changed in BSP NY LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name Alcentra Structured Credit Opportunity Fund II GP, LLC. No longer lists the business name Clareant Jersey GP Limited Partnership. No longer lists the business name Clareant Investment Funds GP, LLC. No longer lists the business name Ascof IV GP Limited. No longer lists the business name Alcentra High Yield. No longer lists the business name Ascof V GP Limited. No longer lists the business name Alcentra S.a.r.l.. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 21451412780.0,
      "total_employees": 51,
      "filing_date": "2021-08-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 19863188018.0,
      "total_employees": 50,
      "filing_date": "2022-08-10"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 16785154391.0,
      "total_employees": 22,
      "filing_date": "2023-06-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 16381867239.0,
      "total_employees": 26,
      "filing_date": "2024-09-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 14194596926.0,
      "total_employees": 21,
      "filing_date": "2025-05-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 14241569172.0,
      "total_employees": 18,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name Alcentra Structured Credit Opportunity Fund II GP, LLC.",
        "No longer lists the business name Clareant Jersey GP Limited Partnership.",
        "No longer lists the business name Clareant Investment Funds GP, LLC.",
        "No longer lists the business name Ascof IV GP Limited.",
        "No longer lists the business name Alcentra High Yield.",
        "No longer lists the business name Ascof V GP Limited.",
        "No longer lists the business name Alcentra S.a.r.l..",
        "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 NY, LLC to BSP NY LLC.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in MN."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bnym (luxembourg) S.A.",
      "name_as_filed": "BNYM (LUXEMBOURG) S.A.",
      "affiliated": true
    },
    {
      "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",
      "name_as_filed": "STATE STREET",
      "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/bsp-ny-llc-new-york-ny-128557.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": 2,
      "fewer_than_5": false,
      "raum": 936406307.0
    },
    {
      "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": 35,
      "fewer_than_5": false,
      "raum": 10855690999.0
    },
    {
      "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": null,
      "fewer_than_5": true,
      "raum": 704980426.0
    }
  ],
  "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/128557",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}