Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company (“RIC”), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The fund’s investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective primarily through originated loans, equity and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities.
Dividend Dynamo | Blackstone Secured Lending Fund boasts an impressive 9.65% dividend yield, attracting income-focused investors with its robust performance in secured lending |
Financial Fortitude | BXSL's conservative risk profile and strategic portfolio construction have led to strong credit performance and revenue growth of 17.27% over the last twelve months |
Market Positioning | Explore how BXSL leverages the Blackstone platform, particularly through BXCI, to gain unique advantages in deal flow and industry expertise |
Future Prospects | Analyst price targets range from $29 to $33, with projections of approximately 20% total return, driven by portfolio growth and expansion through the BXCI platform |
Metrics to compare | BXSL | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipBXSLPeersSector | |
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P/E Ratio | 0.0x | 5.8x | 8.9x | |
PEG Ratio | 0.00 | 0.12 | 0.03 | |
Price/Book | 0.0x | 0.7x | 1.0x | |
Price / LTM Sales | 0.0x | 2.6x | 2.7x | |
Upside (Analyst Target) | 0.0% | 8.6% | 11.8% | |
Fair Value Upside | Unlock | −2.4% | 3.1% | Unlock |