June 27, 2025

#48 Richard Byrne | President, Benefit Street Partners

1 hour 7 minutes

Richard Byrne is President of Benefit Street Partners, as well as the Chairman and Chief Executive Officer of Franklin BSP Capital Corp, Franklin BSP Realty Trust, Inc (NYSE: FBRT), and Benefit Street Partners Multifamily Trust.

Benefit Street Partners is a global alternative credit manager with ~$76 billion under management. The BSP team invests across the credit spectrum – from senior secured debt to subordinated debt, as well as both liquid and illiquid credit and seeks to generate attractive risk-adjusted returns.

Prior to joining BSP in 2013, Rich was chief executive officer of Deutsche Bank Securities, Inc. He was also the global head of capital markets at Deutsche Bank as well as a member of their global banking executive committee and global markets executive committee.

- This episode of The Deal Ranch Podcast is presented by https://huckscurryadvisors.com/

Topics

Career progression from Merrill Lynch to Deutsche Bank to BSP

Growing BSP from $3.4B to $76B

Acquisition of Realty Finance Trust, a $700M commercial mortgage REIT at the time, which has grown to $6B and the 4th largest publicly traded mortgage REIT.

Origin of BSP and the initial credit strategies of the company

Restructuring a complex debt deal for Donald Trumps Casinos

Evolution of Private Credit

Acquisition of NewPoint Holdings which adds agency capabilities to the FBRT platform

Benefit Street Partners & Richard Byrne:

https://benefitstreetpartners.com/

https://www.linkedin.com/in/richard-byrne-ab9620285/

Connect with Matt & The Deal Ranch Podcast:

LinkedIn: https://www.linkedin.com/in/matthewrlutz/

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Email: [email protected]

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By Matt Lutz

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