<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0002125026</cik>
        <entityName>BSP Structured Credit V (US Feeder) L.P.</entityName>
        <issuerAddress>
            <street1>BNP PARIBAS HOUSE</street1>
            <street2>ST JULIAN'S AVENUE</street2>
            <city>ST PETER PORT</city>
            <stateOrCountry>Y7</stateOrCountry>
            <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
            <zipCode>GY1 1WA</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>44 1481 750800</issuerPhoneNumber>
        <jurisdictionOfInc>GUERNSEY</jurisdictionOfInc>
        <issuerPreviousNameList>
            <previousName>Alcentra Structured Credit Opportunities Fund V (USD) L.P.</previousName>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2022</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>BSP Structured Credit V (GP) Limited</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>BNP Paribas House</street1>
                <street2>St Julian's Avenue</street2>
                <city>St Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
                <zipCode>GY1 1WA</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>BSP NY LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9 West 57th Street, Suite 4920</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10019</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Investment Manager of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Benefit Street Partners Limited</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>78 Cannon Street</street1>
                <city>London</city>
                <stateOrCountry>X0</stateOrCountry>
                <stateOrCountryDescription>UNITED KINGDOM</stateOrCountryDescription>
                <zipCode>EC4N 6HL</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Sub-Investment Manager of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andrew</firstName>
                <lastName>Howat</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>BNP Paribas House</street1>
                <street2>St Julian's Avenue</street2>
                <city>St Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
                <zipCode>GY1 1WA</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the general partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Anne</firstName>
                <middleName>Shirley</middleName>
                <lastName>Ewing</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>BNP Paribas House</street1>
                <street2>St Julian's Avenue</street2>
                <city>St Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
                <zipCode>GY1 1WA</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the general partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Chris</firstName>
                <lastName>Waldron</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>BNP Paribas House</street1>
                <street2>St Julian's Avenue</street2>
                <city>St Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
                <zipCode>GY1 1WA</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the general partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2024-08-22</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Franklin Distributors, LLC</recipientName>
                <recipientCRDNumber>109064</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>One Franklin Parkway</street1>
                    <city>San Mateo</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>94403</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Franklin Templeton International Services SARL</recipientName>
                <recipientCRDNumber>172140</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8A, rue Albert Borschette</street1>
                    <city>Luxembourg</city>
                    <stateOrCountry>N4</stateOrCountry>
                    <stateOrCountryDescription>LUXEMBOURG</stateOrCountryDescription>
                    <zipCode>L-1246</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>171484253</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>The Issuer is conducting a global offering pursuant to multiple exemptions from registration, including Regulation S and Regulation D. Date of first sale refers to first sale in global offering. Total Amount Sold reflect amounts sold to US persons only.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>No commission was paid by the Issuer.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>The Issuer's confidential offering materials disclose the management fees due to the Issuer's Investment Manager and Sub-Investment Manager.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>BSP Structured Credit V (US Feeder) L.P.</issuerName>
                <signatureName>/s/ Andrew Howat</signatureName>
                <nameOfSigner>Andrew Howat</nameOfSigner>
                <signatureTitle>Director of the General Partner of the Issuer</signatureTitle>
                <signatureDate>2026-03-31</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
