{ "schemaVersion": 1, "organisationId": "O-37edfb303bd8459ca5b3041ff7eff755", "slug": "blackstone-secured-lending-fund", "name": "Blackstone Secured Lending Fund", "updatedAt": "2026-10-02T16:22:25.522822Z", "sections": [ { "type": "OVERVIEW", "text": "Blackstone Secured Lending Fund (BXSL) is a business development company focused on private credit. It primarily lends to private U.S. companies through first-lien senior secured and unitranche loans, with other debt and equity investments also permitted; its stated investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. [P102271652][https://www.bxsl.com/][https://www.stifel.com/prospectusfiles/PD_4642.pdf]\n\nThe fund’s focus is primarily U.S.-based, although it may invest opportunistically in non-U.S. companies. For the year ended December 31, 2025, it reported approximately $1.4 billion in total investment income. [P68050088][https://www.sec.gov/Archives/edgar/data/1736035/000119312526288435/d66517dars.pdf][https://ebs.publicnow.com/view/36DEB7F5DDF7F2796308830DAE5E7AAB66758F01]\n[P102271652][P68050088][https://www.bxsl.com/][https://www.stifel.com/prospectusfiles/PD_4642.pdf][https://www.sec.gov/Archives/edgar/data/1736035/000119312526288435/d66517dars.pdf][https://ebs.publicnow.com/view/36DEB7F5DDF7F2796308830DAE5E7AAB66758F01]", "updatedAt": "2026-10-02T16:22:25.522822Z" }, { "type": "PRODUCTS", "text": "Blackstone Secured Lending Fund’s principal investment products are first-lien senior-secured and unitranche loans to private companies. Under normal market conditions, the Fund generally invests at least 80% of its total assets in secured debt, while it may also invest in other loans and debt or equity securities. [https://www.bxsl.com/investor-services-faqs/] The portfolio also includes second-lien and unsecured debt, equity investments, revolving credit commitments, and delayed-draw term loans. [T16876182][T16876244]\n\nThe Fund’s lending capabilities include floating-rate loans: 96.3% of debt investments were floating-rate as of June 30, 2026. [https://www.bxsl.com/portfolio/] Loan terms can include specified reference rates and spreads, payment-in-kind interest, and contractual maturity dates. [T16876182] For the quarter discussed in the 2026 earnings call, payment-in-kind income represented 6.6% of total investment income; the available performance figures are fund-level rather than returns by individual product type. [P154855503]\n[https://www.bxsl.com/investor-services-faqs/][T16876182][T16876244][https://www.bxsl.com/portfolio/][P154855503][https://www.bxsl.com/investor-services-faqs/][https://www.bxsl.com/portfolio/]", "updatedAt": "2026-10-02T16:22:25.522822Z" }, { "type": "GEOGRAPHY", "text": "Blackstone Secured Lending Fund primarily invests in debt issued by private U.S. companies. Its filings do not provide a quantified portfolio allocation or revenue breakdown by country or region. [https://www.sec.gov/Archives/edgar/data/1736035/000173603526000016/bxsl-20260630.htm]\n\nThe Q2 2026 investment schedule includes Canadian Hospital Specialties, Ltd., a Canadian investment denominated in Canadian dollars; this indicates a Canadian holding but does not establish its share of the portfolio. The fund’s principal office is in New York, and no BXSL-specific employee distribution by geography was identified. [https://www.sec.gov/Archives/edgar/data/1736035/000173603526000016/bxsl-20260630.htm]\n[T16876226][https://www.sec.gov/Archives/edgar/data/1736035/000173603526000016/bxsl-20260630.htm]", "updatedAt": "2026-10-02T16:22:25.522822Z" }, { "type": "SEGMENTS", "text": "Blackstone Secured Lending Fund reports a single operating and reportable segment, rather than separate business segments. That segment represents 100% of the reported business; the company does not report separate segment contributions by investment income or fair value. [P147497734][P147498237]\n\nThe Fund’s investment focus is primarily secured debt, including first-lien senior-secured and unitranche loans; it may also invest in other debt and equity securities. These investment types are not reported as business segments. As a portfolio-mix proxy, at June 30, 2026, investments at fair value were approximately 96.8% first-lien debt, 1.9% second-lien debt, 0.1% unsecured debt and 1.2% equity. [P34856265][T16876244]\n[P147497734][P147498237][P34856265][T16876244][T16876244][T16876244][T16876244]", "updatedAt": "2026-10-02T16:22:25.522822Z" }, { "type": "HISTORY", "text": "Blackstone Secured Lending Fund was formed as a Delaware statutory trust on March 26, 2018, and elected to be regulated as a business development company on October 26, 2018. [P147497621] On December 10, 2020, it changed its name from Blackstone / GSO Secured Lending Fund to Blackstone Secured Lending Fund, reflecting the change in Blackstone’s credit-business branding. [https://www.sec.gov/Archives/edgar/data/1736035/000119312520314881/d96415dex991.htm]\n\nThe fund completed its initial public offering on October 28, 2021, and its shares began trading on the New York Stock Exchange under the ticker BXSL. [P48656896][https://www.bxsl.com/press-releases/article/blackstone-secured-lending-fund-prices-initial-public-offering/] On January 10, 2023, Jonathan Bock was appointed co-CEO alongside Brad Marshall, who remained chairman and co-CEO. 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