Non-Affiliated was Franklin BSP Capital’s largest revenue line in fiscal 2025, bringing in $335.71M of $414.79M (81%).
| Investment, Issuer Affiliation | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Non-Affiliated | $50.95M | $85.81M | $318.41M | $335.71M | |
| Controlled | $5.60M | $7.14M | $84.73M | $76.09M | |
| Affiliated | — | — | $5.81M | $3.00M | |
| Total Affiliate Investments | $4.00K | — | — | — | |
| Total | $56.56M | $92.96M | $408.95M | $414.79M |
Franklin BSP Capital brought in $414.79M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 1.4% from $408.95M in fiscal 2024. Non-Affiliated was the largest at $335.71M (80.9%), ahead of Controlled at $76.09M (18.3%) and Affiliated at $3.00M (0.7%).
Compared with fiscal 2024, Non-Affiliated grew 5.4% to $335.71M, while Controlled fell 10.2% to $76.09M.
Franklin BSP Capital stopped reporting Total Affiliate Investments as a separate revenue line after fiscal 2022, when it brought in $4.00K.
Franklin BSP Capital (FRBP) reports its revenue by investment, issuer affiliation. In fiscal 2025, Non-Affiliated was its largest revenue line, bringing in $335.71M (80.9% of the total), followed by Controlled at $76.09M (18.3%).
Non-Affiliated was Franklin BSP Capital's largest revenue line in fiscal 2025, bringing in $335.71M, or 80.9% of the $414.79M total across its three revenue lines.
Non-Affiliated grew faster than Controlled in fiscal 2025, up 5.4% from $318.41M to $335.71M. Controlled fell 10.2% to $76.09M.
Every figure comes from Franklin BSP Capital's annual financial filings, as reported. Each line keeps the name Franklin BSP Capital gives it, and years follow its fiscal calendar.
Franklin BSP Capital's revenue by investment, issuer affiliation goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.