Franklin BSP Lending and Franklin BSP Capital, two business development companies, agreed to acquire Encina Equipment Finance, a non-bank equipment finance platform providing secured leases and loans to middle-market companies, from Encina Capital Partners, a provider of specialized lending and leasing solutions, and Oaktree Capital Management. Financial terms were not disclosed. “EEF represents a compelling investment opportunity for our two BDCs. The Encina Equipment team has built a best-in-class equipment finance platform that is well positioned for continued growth. EEF complements our core private debt business and broadens the suite of financing solutions across our platform. We are excited to partner with Rick and the rest of the EEF team,” Richard Byrne, BSP President and FBLC and FBCC CEO.