Blackstone Secured Lending Fund
New York Stock ExchangeCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Brad Marshall
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 345 Park Avenue New York City NY United States of America 10154
- IPO Date
- Oct 28, 2021
- CIK
- 0001736035
- Website
- bxsl.com
- Similar Companies
- Business
- Blackstone Secured Lending Fund (NYSE: BXSL) is a business development company (BDC) that primarily invests in first lien senior secured debt of private U.S. companies, with a focus on generating current income and, to a lesser extent, long-term capital appreciation. The Fund originates loans, equity, and other securities, including syndicated loans, targeting small- and middle-market companies; its portfolio emphasizes first lien senior secured and unitranche loans (including first out/last out structures), and to a lesser extent, second lien, third lien, unsecured, subordinated loans, and other debt and equity securities. As of September 30, 2025, the portfolio totals $13.8 billion at fair value, with 97.5% in first lien senior secured investments, 98.6% in floating rate debt, and a loan-to-value ratio of 49.7% across diverse sectors such as software, aerospace & defense, professional services, health care providers & services, insurance, and commercial services & supplies. Formed as a Delaware statutory trust on March 26, 2018, and electing BDC status under the Investment Company Act of 1940 on October 26, 2018, the Fund is externally managed by Blackstone Alternative Credit Advisors LP, part of Blackstone Credit & Insurance (BXCI), and headquartered at 345 Park Avenue, 31st Floor, New York, New York 10154. BXSL operates predominantly in the United States, providing flexible capital solutions to private companies backed by private equity sponsors; it leverages BXCI's global platform, which screens over 5,100 issuers, for deal sourcing and value creation, including revenue enhancement, cost optimization, and operational support in areas like cybersecurity, sustainability, and healthcare. Recent developments include robust portfolio growth, with investments expanding 15% year-over-year to $13.8 billion by Q3 2025, driven by a 65% increase in net deployment and 90% in gross deployment quarter-over-quarter, adding 22 net new borrowers for a total of 311 companies. The Fund achieved strong Q3 2025 results, reporting net investment income of $189 million ($0.82 per share, a 12% annualized return on equity), fueled by a 25% uptick in new LBOs, heightened M&A activity favoring private credit, and repeat fundings to two-thirds of BXCI borrowers; notable Q3 investments included sole-lender debt financing for a global specialty consulting firm and a deal for Layer Zero, an AI infrastructure equipment provider. BXSL priced a $300 million public offering of 5.350% notes due 2028, enhancing its funding capacity amid increased private deal screenings up 20% year-over-year. The BXCI value creation program has generated approximately $5 billion in illustrative value for portfolio companies since inception, including over $440 million in cost reductions.
Company News
Blackstone Secured Lending's NAV, Valuation, And Dividend Versus 11 BDC Peers - Part 2 (Includes Calendar Q4 2026 - Q1 2027 Dividend Projections)
PJT Partners (NYSE:PJT) and Blackstone Secured Lending Fund (NYSE:BXSL) Head to Head Survey
Blackstone Secured Lending: Don't Buy Before The Likely Upcoming Dividend Cut (Rating Downgrade)
Blackstone Secured Lending: Buy This High Yield At A Discount
The Party Is Over For These 3 Former BDC Dividend Darlings
Blackstone Secured Lending's NAV, Valuation, And Dividend Vs. 11 BDC Peers - Part 1 (Includes Recommendations As Of 9/4/2026)
Blackstone Secured Lending Fund (BXSL) Crossed Above the 200-Day Moving Average: What That Means for Investors
The BDC Asymmetry That Nobody Prices In
2 BDCs To Sell Before The Dividend Cuts Land
Blackstone Secured Lending: The Dividend Cut I've Been Expecting Is Coming, Management Just Telegraphed It
Blackstone Secured Lending: Discount To NAV And A Dip In Non-Accruals
Blackstone Secured Lending Fund Q2 Earnings Call Highlights
Blackstone Secured Lending Fund. (BXSL) Q2 2026 Earnings Call Transcript
Blackstone Secured Lending Fund (BXSL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Blackstone Secured Lending Fund (BXSL) Surpasses Q2 Earnings Estimates
Blackstone Secured Lending Fund Reports Second-Quarter 2026 Results
Can Blackstone Secured Lending Fund (BXSL) Keep the Earnings Surprise Streak Alive?
Blackstone Secured Lending's Bad Performance Makes Me More Bullish
Blackstone Secured Lending Announces Second-Quarter 2026 Earnings Release and Conference Call
BDC Dividends Face a Reckoning As Fed Rate Cuts Squeeze Earnings