0001104659-23-055147.txt : 20230502
0001104659-23-055147.hdr.sgml : 20230502
20230502185326
ACCESSION NUMBER: 0001104659-23-055147
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230428
FILED AS OF DATE: 20230502
DATE AS OF CHANGE: 20230502
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FRANKLIN RESOURCES INC
CENTRAL INDEX KEY: 0000038777
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 811-23492
FILM NUMBER: 23881065
BUSINESS ADDRESS:
STREET 1: ONE FRANKLIN PARKWAY
STREET 2: BUILDING 920/2, LEGAL-FRI SECRETARY
CITY: SAN MATEO
STATE: CA
ZIP: 94403
BUSINESS PHONE: 650-312-2000
MAIL ADDRESS:
STREET 1: FRANKLIN RESOURCES INC
STREET 2: ONE FRANKLIN PARKWAY
CITY: SAN MATEO
STATE: CA
ZIP: 94403
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BSP FUND HOLDCO (DEBT STRATEGY) LP
CENTRAL INDEX KEY: 0001807977
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 811-23492
FILM NUMBER: 23881064
BUSINESS ADDRESS:
STREET 1: 9 WEST 57TH STREET
STREET 2: SUITE 4920
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 844-785-4393
MAIL ADDRESS:
STREET 1: 9 WEST 57TH STREET
STREET 2: SUITE 4920
CITY: NEW YORK
STATE: NY
ZIP: 10019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Benefit Street Partners LLC
CENTRAL INDEX KEY: 0001543160
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 811-23492
FILM NUMBER: 23881063
BUSINESS ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4920
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 401-751-1700
MAIL ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4920
CITY: NEW YORK
STATE: NY
ZIP: 10019
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Franklin BSP Private Credit Fund
CENTRAL INDEX KEY: 0001794041
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4920
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 212-588-6770
MAIL ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4920
CITY: NEW YORK
STATE: NY
ZIP: 10019
4
1
tm2314416-1_4seq1.xml
OWNERSHIP DOCUMENT
X0407
4
2023-04-28
0
0001794041
Franklin BSP Private Credit Fund
FBSPX
0000038777
FRANKLIN RESOURCES INC
ONE FRANKLIN PARKWAY
SAN MATEO
CA
94403-1906
0
0
1
1
Affiliate - Investment Adviser
0001807977
BSP FUND HOLDCO (DEBT STRATEGY) LP
9 WEST 57TH STREET
SUITE 4920
NEW YORK
NY
10019
0
0
1
1
Affiliate - Investment Adviser
0001543160
Benefit Street Partners LLC
9 WEST 57TH STREET, SUITE 4920
NEW YORK
NY
10019
0
0
1
1
Affiliate - Investment Adviser
0
Advisor Class Shares
2023-04-28
4
P
0
2465483.24
10.14
A
4955483.24
I
Held by subsidiary
Class A Shares
10000
I
Held by subsidiary
BSP Fund HoldCo (Debt Strategy) L.P. ("HoldCo"), a direct wholly owned subsidiary of Franklin Resources, Inc. ("FRI"), directly holds 10,000 Class A Shares and [(black circle)] Advisor Class Shares of the Issuer, respectively. Benefit Street Partners L.L.C. ("BSP"), a direct wholly owned subsidiary of FRI, serves as investment adviser to the issuer. BSP holds no Class A Shares or Advisor Class Shares.
FRI is filing this report for itself and its affiliates, except as set forth herein. Beneficial ownership by FRI and its affiliates is being reported herein in conformity with the guidelines articulated by the SEC staff in Release No. 34-39538 (January 12, 1998) relating to organizations, such as FRI, where related entities exercise voting and investment powers over the securities being reported independently from each other. The voting and investment powers held by each of FRI's affiliates whose ownership of securities is disaggregated from that of FRI in accordance with the 1998 Release ("FRI Disaggregated Affiliates") are exercised independently from FRI and from all other investment management subsidiaries of FRI (FRI, its affiliates and the investment management subsidiaries of FRI other than FRI Disaggregated Affiliates are collectively, "FRI Aggregated Affiliates").
Furthermore, internal policies and procedures of, on the one hand, FRI Disaggregated Affiliates, and, on the other hand, FRI, establish informational barriers that prevent the flow among, on the one hand, FRI Disaggregated Affiliates (including preventing the flow between such entities), and, on the other hand, the FRI Aggregated Affiliates, of information that relates to the voting and investment powers over the securities owned by their respective investment management clients. Consequently, FRI Disaggregated Affiliates report the securities over which they hold investment and voting power separately from the FRI Aggregated Affiliates for purposes of Section 13 of the Act.
Charles B. Johnson and Rupert H. Johnson, Jr. (the "Principal Shareholders") each own in excess of 10% of the outstanding common stock of FRI and are the principal stockholders of FRI. The Principal Shareholders may be deemed to be, for purposes of Rule 13d-3 under the Act, the beneficial owners of securities held by FRI. The Principal Shareholders disclaim any pecuniary interest in any such securities. In addition, the filing of this report on behalf of the Principal Shareholders should not be construed as an admission that either of them is, and each disclaims that he is, the beneficial owner, as defined in Rule 13d-3, of any of the Securities.
FRI, its affiliates and the Principal Shareholders believe that they are not a group within the meaning of Rule 13d-5 under the Act and that they are not otherwise required to attribute to each other the beneficial ownership of any securities held by any of them or by any persons or entities for whom or for which a FRI affiliate provides investment management services.
Filed pursuant to Section 30(h) of the Investment Company Act of 1940.
Franklin Resources, Inc. /s/ Beth McAuley O'Malley, Authorized Signatory
2023-05-02
BSP Fund HoldCo (Debt Strategy) L.P. /s/ Bryan Martoken, Authorized Signatory
2023-05-02
Benefit Street Partners L.L.C. /s/ Bryan Martoken, Authorized Signatory
2023-05-02