Blackstone Secured Lending Fund

BXSL

Equity

ISIN US09261X1028 / Valor 114489845

New York Stock Exchange, Inc (2024-12-24)

USD 33.01+1.60%

Blackstone Secured Lending Fund
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About company

Blackstone Secured Lending Fund is a business development company that focuses on investing in the first lien senior secured debt of private U.S. companies. The company has been recognized with awards by Private Debt Investor for its performance in the private credit markets in recent years. This fund provides investors with the opportunity to participate in the debt financing of private companies while aiming to generate returns through interest payments and potential capital appreciation.

Summarized from source with an LLMView SourceSector: Finance

Net Investment Income

In the third quarter of 2024, Blackstone Secured Lending Fund reported a net investment income of $186 million, or $0.91 per share. This represents an increase from $0.89 per share in the previous quarter, although it is slightly lower than the $0.95 per share reported in the third quarter of 2023.

Net Income

For the same period, Blackstone Secured Lending Fund's net income was $152 million, translating to $0.75 per share. This is a decrease from $1.01 per share in both the prior quarter and the third quarter of 2023.

Dividends and Yield

The fund declared a regular dividend of $0.77 per share for the third quarter of 2024, resulting in a dividend yield of 11.3%. This yield is calculated based on the ending net asset value (NAV) per share of $27.27 as of September 30, 2024.

Net Asset Value

Blackstone Secured Lending Fund's net asset value at the end of the third quarter of 2024 was approximately $5.7 billion, or $27.27 per share. This marks a slight increase of 0.3% compared to the previous quarter's NAV per share of $27.19.

Investment and Portfolio Activity

During the third quarter of 2024, Blackstone Secured Lending Fund made new investment commitments totaling $1.1 billion at par, with $1.0 billion funded. The fund also received $298 million from sales and repayments, reflecting active portfolio management.

Summarized from source with an LLMView Source

Key figures

17.3%1Y

-12.3%3Y

%5Y

Performance

15.0%1Y

23.8%3Y

24.8%5Y

Volatility