(BXSL) Blackstone Secured Lending - Ratings and Ratios

Black Stone Secured Lending Fund (BXSL) is a business development company (BDC) structured as a Delaware statutory trust, established on March 26, 2018. It operates as an externally managed, non-diversified closed-end investment fund. On October 26, 2018, the fund elected to be regulated under the Investment Company Act of 1940, as a BDC, and as a Regulated Investment Company (RIC) under the Internal Revenue Code. This structure allows the fund to pass income directly to shareholders without double taxation, enhancing tax efficiency.

The funds primary objective is to generate current income, with a secondary focus on long-term capital appreciation. It achieves this by investing in loans and securities of small and mid-sized U.S. companies, which often lack access to traditional bank loans. The investment portfolio includes first lien senior secured loans, unitranche loans, and to a lesser extent, second lien, third lien, unsecured, and subordinated loans, as well as other debt and equity securities. This diversified approach balances risk and return, offering a steady income stream through interest payments.

Key financial metrics include a market cap of $7.47 billion, a P/E ratio of 9.31, and a forward P/E of 10.47, indicating moderate valuation. The P/B ratio of 1.31 suggests the market values the funds assets appropriately, while the P/S ratio of 6.13 reflects its revenue generation efficiency. These metrics provide investors with a clear view of the funds valuation and performance potential.

For more details, visit their website at https://www.bxsl.com.