23.94
-0.62%
Close of 9 Nov 2026, in USD
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About Blackstone Secured Lending Fund
From its filings with the US Securities and Exchange Commission
Blackstone Secured Lending Fund is based in New York, New York and is incorporated in Delaware. Its shares trade on NYSE under the ticker BXSL. In the fiscal year to 31 December 2025, it reported net income of $563.5m. At that date it held total assets of $14.66bn and shareholders' equity of $6.25bn.
Blackstone Secured Lending Fund (together with its consolidated subsidiaries, the “Company,” “we,” “us,” or “our”), is a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified, closed-end management investment company. On October 26, 2018, the Company elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”). In addition, the Company has elected to be treated for U.S. federal income tax purposes, and intends to qualify annually, as a regulated investment company (a “RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (together with the rules and regulations promulgated thereunder, the “Code”).
We are externally managed by Blackstone Private Credit Strategies LLC (the “Adviser”) and Blackstone Credit BDC Advisors LLC (the “Sub-Adviser” and, together with the Adviser, the “Advisers”). The Advisers are affiliates of Blackstone Alternative Credit Advisors LP (the “Sub-Administrator” and, collectively with its affiliates in the credit, asset based finance and insurance asset management business unit of Blackstone Inc. (“Blackstone”), “Blackstone Credit & Insurance” or “BXCI”).
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Capital Markets
- Listed since
- 28 Oct 2021
- Website
- bxsl.com ↗
- Head office
- 345 PARK AVENUE, NEW YORK, NY, 10154
- Incorporated in
- DE
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Brad MarshallChairman of the Board of Trustees, Co-Chief Executive Officer, since 2018
- Mr. Carlos WhitakerPresident
- Mr. Jonathan BockCo-Chief Executive Officer
- Mr. Teddy DeslogeChief Financial Officer
- Ms. Katherine RubensteinChief Operating Officer
- Mr. Matthew AlcideChief Accounting Officer, Treasurer
- Mr. William RenahanChief Compliance Officer
- Ms. Lucie EnnsChief Securities Counsel
- Ms. Stacy WangHead - Stakeholder Relations
- Mr. Oran EbelChief Legal Officer and Secretary
- Mr. Robert BassIndependent Trustee$229,250
- Mr. James ClarkIndependent Trustee$215,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 31
- Environment
- 33
- Social
- 37
- Governance
- 22
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- The fund is a non-diversified closed-end investment company with a focus on secured debt investments.
- It has a clear investment objective of generating current income and long-term capital appreciation.
- The fund invests approximately 80% of its assets in secured debt, primarily first lien senior secured and unitranche loans.
Weaknesses
- The company currently employs 0 full-time employees, which may indicate operational challenges.
- The fund's investment strategy is heavily concentrated in secured debt, potentially increasing risk exposure.
- The firm has a limited investment focus on second lien, third lien, and unsecured loans, which may restrict diversification.
Opportunities
- The fund can expand its investment across more sectors to enhance diversification.
- Growing demand for secured lending in private U.S. companies presents potential growth opportunities.
- The firm may leverage its advisor, Blackstone Credit BDC Advisors LLC, for strategic partnerships.
Threats
- The lack of full-time employees could lead to operational inefficiencies and governance issues.
- Over-reliance on secured debt investments may expose the fund to sector-specific downturns.
- The fund's limited focus on unsecured and subordinated loans may hinder adaptability to market changes.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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