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Blackstone Secured Lending Fund

BXSL

Blackstone Secured Lending Fund is an externally managed, non-diversified business development company (BDC) focused on providing customized financing solutions to private companies.

Market cap
$5.35B-26.7%
Net income$438.9M-33.5%
EPS (diluted)$1.91-39.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$326.7M
EPS estimate$0.67

Financials

Q1 2026

Income statement

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Net income$25.2M-83.1%
EPS (diluted)$0.11-83.3%

Balance sheet

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Cash & equivalents$351.3M-63.6%
Total debt$8.0B+8.8%
Total equity$6.1B-2.3%
Total assets$14.4B+3.3%

Cash flow

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Operating cash flow$249.3M-41.3%

Valuation & ratios

Valuation

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Market cap$5.35B-26.7%
Enterprise value$13.03B-8.0%
P/E12.2×+0.3×

Returns & leverage

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Return on equity7.1%-4.5pp
Debt / equity1.3×+0.1×

Competitors

Profile

Blackstone Secured Lending Fund is an externally managed, non-diversified business development company (BDC) focused on providing customized financing solutions to private companies. The fund primarily invests in first lien senior secured and unitranche loans to generate current income and capital appreciation. It leverages the global scale and origination capabilities of Blackstone's credit and insurance platform to source and manage its investment portfolio.

Competitive position

A leading exchange-traded BDC that benefits from the significant scale, industry expertise, and global origination network of the Blackstone Credit & Insurance platform.

GeographiesUnited States, Global
Customer segmentsMiddle-market companies, Private equity-backed firms, Corporate borrowers
Business modelExternally managed BDC, Direct Lending, Investment Management
SuppliersInstitutional and retail capital providers, Credit facility lenders, Investment professionals and advisors
CustomersPrivate middle-market companies, Financial sponsors, Corporate debt issuers
Listed2021
CEOBrad Marshall
Websitebxsl.com
FilingsSEC EDGAR

Questions, answered.

What is Blackstone Secured Lending Fund's market cap?
Blackstone Secured Lending Fund (BXSL) has a market capitalization of $5.4B and trades on NYSE.
Who are Blackstone Secured Lending Fund's competitors?
Blackstone Secured Lending Fund's key competitors include FS KKR Capital Corp., Ares Capital Corporation, Blackstone Inc., and others. These companies compete in similar markets and product categories.
Who does Blackstone Secured Lending Fund partner with?
Blackstone Secured Lending Fund's notable partners include Blackstone Private Credit Strategies LLC, Blackstone Credit BDC Advisors LLC, Blackstone Alternative Credit Advisors LP.
Where is Blackstone Secured Lending Fund headquartered?
Blackstone Secured Lending Fund is headquartered in United States of America. It has been publicly traded since 2021.