Blackstone Secured Lending Fund
BXSL
ISIN null / Valor 114489845
Blackstone Secured Lending Fund
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About company
Blackstone Secured Lending Fund (NYSE: BXSL) operates as a business development company (BDC) that focuses on investing in the first lien senior secured debt of private U.S. companies. As part of Blackstone's broader credit and insurance division, the fund aims to provide capital solutions to middle-market companies, facilitating their growth and operational needs. By concentrating on senior secured loans, BXSL seeks to offer a relatively lower-risk investment profile, prioritizing capital preservation and stable income generation for its investors. The fund is part of Blackstone's extensive network, leveraging the firm's expertise and resources in private credit markets to identify and manage investment opportunities.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (16.02.2026):
Blackstone Secured Lending Fund (BXSL) — Third Quarter 2025: BXSL reported a strong third quarter 2025 with record-dollar total investment income and net investment income; net investment income (NII) was $189 million ($0.82 per share) covering the regular $0.77 quarterly dividend. The company emphasized high portfolio quality, active new deal activity, and solid liquidity and funding metrics.
Earnings
3Q'25 NII: $189M, or $0.82 per share; Net income: $132M, or $0.57 per share. NII per share exceeded the regular quarterly dividend of $0.77 (dividend coverage ~106%).
Dividend
Board declared a Q4 2025 regular dividend of $0.77 per share (record date Dec 31, 2025; payable on or about Jan 23, 2026). Regular dividend yield (annualized on NAV): 11.3% for 3Q'25.
Portfolio quality
Investments at fair value ~ $13.8B; portfolio is 97.5% first‑lien senior secured and ~98.6% floating‑rate debt (by fair value). Non‑accruals remained minimal at ~0.1%.
Investment activity
New investment commitments of $1.3B at par in the quarter, with $1.0B funded; proceeds from sales/repayments were ~$0.4B. Weighted average loan‑to‑value ~49.7%; number of portfolio companies ~311.
Liquidity & funding
Available liquidity of ~$2.5B (unrestricted cash + undrawn borrowing capacity subject to borrowing base). Total principal debt outstanding ~$7.67B; ending debt‑to‑equity ~1.22x (average ~1.15x).
Yields & cost of capital
Weighted average yield on performing debt at fair value ~10.0% (down from 10.2% prior quarter). Total all‑in cost of debt for 3Q'25 ~5.04%; weighted average debt maturity ~3.3 years.
NAV and returns
NAV ~ $6.27B, or $27.15 per share at 9/30/2025. Reported total return based on NAV was annualized 11.3% inception‑to‑date and 2.2% for the quarter.
Forward‑looking / risk note
BXSL reiterated standard forward‑looking statements and risk disclosures; results and commentary reflect management’s view as of the release and are subject to market and credit risks described in the filing.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5519 M
Market cap (USD)
7,055,506
Daily traded volume (Shares)
33.25 / 33
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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