Benefit Street Partners (BSP), a credit-focused alternative asset manager, has held a final close of BSP Real Estate Opportunistic Debt Fund II (ODF II), providing $10 billion of investable capital, inclusive of related vehicles and anticipated leverage, across $3 billion of equity commitments.
Consistent with its predecessor fund, ODF II focuses on originating senior and junior commercial real estate debt investments across major U.S. markets, with a particular emphasis on the multifamily sector. The strategy leverages BSP’s integrated credit platform and longstanding relationships with borrowers, sponsors, and intermediaries nationwide, targeting middle-market opportunities where flexible capital and deep underwriting expertise can unlock value in transitional, distressed, or otherwise complex commercial properties.
“The continued shift toward private credit solutions in U.S. commercial real estate lending is creating an opportunity set we believe is both compe
