Ropes & Gray advised Benefit Street Partners (“BSP”), a leading credit-focused alternative asset manager, on the final close of BSP Real Estate Opportunistic Debt Fund II, providing $10 billion of investable capital, inclusive of related vehicles and anticipated leverage, across $3 billion of equity commitments. The close was announced in a press release on January 8.
This fundraise caps a year of historic deployment for BSP’s commercial real estate team, which originated nearly $9 billion of real estate investments during 2025.
The Ropes & Gray team was led by asset management partners Melissa Bender and Jennifer Geffner. The team also included asset management partners Eve Ellis, Alyssa Horton and Chidi Oteh, asset management counsel Mike Szkodzinski, tax partners Franziska Hertel and Adam Greenwood, finance partner Patricia Teixeira and employment, executive compensation and employee benefits partner Josh Lichtenstein.
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