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Upturn AI SWOT - About
Blackstone Secured Lending Fund (BXSL)
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Upturn Advisory Summary
07/03/2025: BXSL (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
9 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $31.71
1 Year Target Price $31.71
| 4 | Strong Buy |
| 2 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 33.12% | Avg. Invested days 60 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 07/03/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.17B USD | Price to earnings Ratio 9.9 | 1Y Target Price 31.71 |
Price to earnings Ratio 9.9 | 1Y Target Price 31.71 | ||
Volume (30-day avg) 9 | Beta 0.51 | 52 Weeks Range 25.17 - 33.00 | Updated Date 07/5/2025 |
52 Weeks Range 25.17 - 33.00 | Updated Date 07/5/2025 | ||
Dividends yield (FY) 10.02% | Basic EPS (TTM) 3.15 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 47.81% | Operating Margin (TTM) 79.92% |
Management Effectiveness
Return on Assets (TTM) 5.56% | Return on Equity (TTM) 11.59% |
Valuation
Trailing PE 9.9 | Forward PE 9.69 | Enterprise Value 13405593600 | Price to Sales(TTM) 5.19 |
Enterprise Value 13405593600 | Price to Sales(TTM) 5.19 | ||
Enterprise Value to Revenue 20.81 | Enterprise Value to EBITDA - | Shares Outstanding 229680992 | Shares Floating - |
Shares Outstanding 229680992 | Shares Floating - | ||
Percent Insiders 8.83 | Percent Institutions 42.25 |
Upturn AI SWOT
Blackstone Secured Lending Fund
Company Overview
History and Background
Blackstone Secured Lending Fund (BXSL) was formed in 2018 as a business development company (BDC). It is externally managed by Blackstone Credit BDC Advisors LLC, an affiliate of Blackstone Inc. (BX). BXSL focuses on originating and investing in senior secured loans, primarily to private equity-owned companies.
Core Business Areas
- Direct Lending: BXSL's primary business is direct lending to middle-market companies. These are typically senior secured loans.
- Investment Management: As a BDC, BXSL actively manages its portfolio of loans to generate income for its shareholders.
Leadership and Structure
BXSL is externally managed by Blackstone Credit BDC Advisors LLC. The leadership team includes individuals with extensive experience in private credit and investment management. The board of directors oversees the company's activities and strategy.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: BXSL's primary offering. These are loans secured by the assets of the borrower, providing a higher level of protection. Market share data for BXSL specifically is not publicly available at the product level, however, the overall BDC market is competitive with many participants including Ares Capital and Main Street Capital. Competitors include ARCC, MAIN, and OCSL.
Market Dynamics
Industry Overview
The direct lending market is experiencing growth due to increased private equity activity and banks tightening lending standards. BDCs play a crucial role in providing capital to middle-market companies.
Positioning
BXSL is positioned as a leading direct lender with the backing of Blackstone, which gives it access to a large network, resources, and deal flow. This provides a competitive advantage.
Total Addressable Market (TAM)
The total addressable market for direct lending to middle-market companies is estimated to be in the hundreds of billions of dollars. BXSL's TAM is significant, with its position and strong backing allowing for increased market penetration.
Upturn SWOT Analysis
Strengths
- Strong sponsor backing from Blackstone
- Experienced management team
- Disciplined underwriting process
- Diversified loan portfolio
- Access to deal flow from Blackstone's network
Weaknesses
- External management structure (potential conflicts of interest)
- Reliance on debt financing
- Sensitivity to interest rate changes
- Dependence on continued access to capital markets
Opportunities
- Increasing demand for private credit
- Expansion into new sectors and geographies
- Potential for acquisitions
- Growing middle-market lending opportunities
- Increased fund raising
Threats
- Economic downturn
- Increased competition
- Rising interest rates
- Regulatory changes
- Deterioration of credit quality of portfolio companies
Competitors and Market Share
Key Competitors
- ARCC
- MAIN
- OCSL
Competitive Landscape
BXSL's relationship with Blackstone provides an advantage in terms of deal flow and resources. However, it faces stiff competition from other established BDCs with their own competitive advantages.
Major Acquisitions
None
- Year: 2023
- Acquisition Price (USD millions): 0
- Strategic Rationale: N/A
Growth Trajectory and Initiatives
Historical Growth: BXSL has experienced growth since its inception, driven by its ability to source and originate attractive investment opportunities.
Future Projections: Analysts project continued growth for BXSL, driven by the favorable trends in the private credit market. Projections depend on the specific economic conditions and the company's ability to execute its strategy.
Recent Initiatives: Recent initiatives include focusing on more defensive sectors, increasing diversification within the portfolio, and strengthening relationships with private equity sponsors.
Summary
Blackstone Secured Lending Fund is a well-positioned BDC benefiting from Blackstone's sponsorship. Its diversified portfolio and disciplined underwriting process contribute to stable returns, but interest rate sensitivity is a vulnerability. Future success hinges on managing credit risk and effectively deploying capital in a competitive market. Keeping debt under control is paramount for long-term stability.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on your own research and due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Blackstone Secured Lending Fund
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2021-10-28 | Chairperson of the Board & Co-CEO Mr. Brad Marshall | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://www.bxsl.com |
Full time employees - | Website https://www.bxsl.com | ||
Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company ("RIC"), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The fund's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective primarily through originated loans, equity and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities.
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