Blackstone Secured Lending is a business development company that primarily invests in the first lien senior secured debt of private US companies. It takes a conservative approach, offering only senior secured loans to ensure capital preservation and consistent income generation. Loan interest is charged at a floating rate (continuously adjusted to prime). This offers significant inflation protection on the cash flow to investors.
The close connection to its parent, Blackstone Inc, which invests in 250-300 private companies across all industries, gives BXSL access to deal flow, underwriting expertise, and risk management.
Income Investor
The appeal of BXSL is its high yield, currently 11.1%. It also offers foreign exchange protection against if the Canadian dollar falls. BXSL is best suited for investors seeking above-average US dollar cash flow, who are willing to accept moderate risk.
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BXSL was first recommended here on April 22, 2025