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Upturn AI SWOT - About
Blackstone Secured Lending Fund (BXSL)
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Upturn Advisory Summary
06/18/2025: 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.
Analysis of Past Performance
Type Stock | Historic Profit 31.17% | Avg. Invested days 58 | 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 06/18/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.18B USD | Price to earnings Ratio 9.94 | 1Y Target Price 31.71 |
Price to earnings Ratio 9.94 | 1Y Target Price 31.71 | ||
Volume (30-day avg) 769606 | Beta 0.51 | 52 Weeks Range 25.80 - 33.83 | Updated Date 06/19/2025 |
52 Weeks Range 25.80 - 33.83 | Updated Date 06/19/2025 | ||
Dividends yield (FY) 9.83% | Basic EPS (TTM) 3.17 |
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 9.94 | Forward PE 10.16 | Enterprise Value 13578881024 | Price to Sales(TTM) 5.2 |
Enterprise Value 13578881024 | Price to Sales(TTM) 5.2 | ||
Enterprise Value to Revenue 20.83 | Enterprise Value to EBITDA - | Shares Outstanding 228010000 | Shares Floating - |
Shares Outstanding 228010000 | Shares Floating - | ||
Percent Insiders 8.83 | Percent Institutions 42.24 |
Analyst Ratings
Rating 4.11 | Target Price 31.88 | Buy 2 | Strong Buy 4 |
Buy 2 | Strong Buy 4 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Blackstone Secured Lending Fund
Company Overview
History and Background
Blackstone Secured Lending Fund (BXSL) was formed to originate and invest in senior secured loans and unitranche loans, primarily to U.S. middle-market companies. BXSL leverages Blackstone's resources and expertise. The exact founding year as a fund structure available to the public is relatively recent compared to Blackstone's broader history.
Core Business Areas
- Direct Lending: Origination and investment in senior secured loans and unitranche loans to U.S. middle-market companies.
Leadership and Structure
BXSL is managed by Blackstone Credit BDC Advisors LLC, an affiliate of Blackstone Inc. The leadership team consists of experienced investment professionals from Blackstone Credit. Organizational structure involves a board of directors overseeing management and investment decisions.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: Loans to middle-market companies, offering relatively high yields. Market share data is difficult to pinpoint exactly. Competitors include Ares Capital Corporation (ARCC), Golub Capital BDC (GBDC), and Owl Rock Capital Corporation (ORCC).
- Unitranche Loans: Hybrid loans combining senior and subordinated debt features, providing higher returns with increased risk. Competitors include Ares Capital Corporation (ARCC), Golub Capital BDC (GBDC), and Owl Rock Capital Corporation (ORCC).
Market Dynamics
Industry Overview
The direct lending market is characterized by increased demand from middle-market companies seeking alternatives to traditional bank financing. Interest rate movements, economic conditions, and regulatory changes all influence the BDC sector.
Positioning
BXSL aims to be a leading provider of direct lending solutions, leveraging Blackstone's scale and expertise to offer attractive risk-adjusted returns. It competes with other publicly traded BDCs and private credit funds.
Total Addressable Market (TAM)
The TAM for direct lending to middle-market companies is estimated to be in the hundreds of billions of dollars. BXSL's position is to capture a portion of this market by providing flexible financing solutions.
Upturn SWOT Analysis
Strengths
- Strong affiliation with Blackstone
- Experienced management team
- Access to Blackstone's resources and deal flow
- Focus on senior secured debt
- Diversified investment portfolio
Weaknesses
- Reliance on Blackstone for deal sourcing
- Exposure to credit risk in middle-market lending
- Sensitivity to interest rate fluctuations
- Potential for conflicts of interest with Blackstone affiliates
Opportunities
- Growing demand for direct lending
- Expansion into new sectors and geographies
- Strategic acquisitions
- Increasing market share in existing areas
Threats
- Economic downturn leading to increased defaults
- Increased competition from other lenders
- Changes in regulations affecting BDCs
- Rising interest rates impacting borrower affordability
Competitors and Market Share
Key Competitors
- ARCC
- GBDC
- ORCC
- TPVG
Competitive Landscape
BXSL benefits from its Blackstone affiliation, providing access to deal flow and capital. However, it faces competition from other established BDCs with longer operating histories and potentially lower cost structures.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth is dependent on past financial statements that need to be provided.
Future Projections: Future projections are dependent on past financial statements, analyst reports and expectations, and current economic outlook.
Recent Initiatives: Recent initiatives need to be researched based on recent public announcements and reports.
Summary
Blackstone Secured Lending Fund leverages the extensive resources of its parent company, Blackstone, to originate and invest in secured loans. Its focus on senior secured debt offers some downside protection, but it is still exposed to credit risk and macroeconomic factors. Maintaining disciplined underwriting standards and managing funding costs are critical for its continued success. The company faces competition from larger and more established BDCs.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Analyst estimates
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share data is estimated and may not be precise. Financial performance data and projections are based on assumptions and are subject to change.
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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