Franklin Templeton and BSP complete Encina-originated portfolio and team transaction

Franklin Templeton and Benefit Street Partners announced a completed transaction with Encina Lender Finance. A new fund backed by Franklin Templeton and BSP-affiliated funds acquired an Encina-originated seed portfolio, while a 14-person investment team joined BSP. The transaction expands BSP’s asset-backed finance capabilities across consumer and commercial lender finance. The release does not establish an acquisition of Encina itself or disclose exact purchase consideration.