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Benefit Street Partners Hires Leon Han as Managing Director, Private Debt Group to Lead Software and Technology Origination
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Benefit Street Partners, a subsidiary of Franklin Templeton, has appointed Leon Han as Managing Director in the private debt group. Han will spearhead BSP's origination efforts in the software and technology sectors. Thomas Gahan, BSP CEO, emphasized the significance of this hire, citing Han's extensive credit investment experience and valuable relationships. BSP manages approximately $39 billion in assets under management and focuses on various credit strategies, reinforcing its commitment to expanding its software franchise.
Positive
Appointment of Leon Han as Managing Director enhances BSP's leadership in software and technology sectors.
Han's extensive experience and relationships are expected to strengthen BSP's origination efforts.
Continued expansion of capabilities in the software sector aligns with company growth strategy.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Benefit Street Partners L.L.C (“BSP”), a subsidiary of Franklin Templeton, today announced the hiring of Leon Han as a Managing Director in the private debt group. Han will lead BSP’s origination efforts in the software and technology sectors.
“We are delighted to have Leon join us as we continue to expand our capabilities in the software and technology sectors,” said Thomas Gahan, CEO of BSP and Head of Alternatives for Franklin Templeton. “We have a long track record of successful investing across the credit spectrum and are committed to growing our software franchise. Leon brings a unique blend of meaningful relationships and underwriting expertise, and we are thrilled to have him on board with us.”
Han has over two decades of credit investment experience, and joins from AB Private Credit Investors, where he held a similar role as the co-head of software and technology. Before joining AB in 2016, his experience spanned technology-focused roles at Fifth Street Asset Management, ORIX Growth Capital, ABS Capital Partners, Jefferies’ Broadview and Accenture. Han is based in the San Francisco Bay Area.
About Benefit Street Partners
Benefit Street Partners L.L.C. is a leading credit-focused alternative asset management firm with approximately $39 billion in assets under management as of February 28, 2022. BSP manages assets across a broad range of complementary credit strategies, including private/opportunistic debt, structured credit, high yield, special situations, long-short liquid credit and commercial real estate debt. Based in New York, the BSP platform was established in 2008. BSP is a wholly owned subsidiary of Franklin Resources, Inc. For further information, please visit benefitstreetpartners.com.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.5 trillion in assets under management as of March 31, 2022. For more information, please visit franklintempleton.com.
Who is Leon Han and what is his role at Benefit Street Partners?
Leon Han has been appointed as Managing Director in the private debt group at Benefit Street Partners, focusing on origination in the software and technology sectors.
What experience does Leon Han bring to Benefit Street Partners?
Leon Han has over two decades of credit investment experience, previously co-heading software and technology at AB Private Credit Investors.
What is the significance of Leon Han's hiring for Franklin Templeton's stock (BEN)?
Han's hiring is expected to bolster BSP’s capabilities, potentially enhancing Franklin Templeton's growth in the software sector, which could positively impact stock performance.
What are the assets under management for Benefit Street Partners?
Benefit Street Partners manages approximately $39 billion in assets as of February 28, 2022.
