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Upturn AI SWOT - About
BXSL 
Blackstone Secured Lending Fund (BXSL)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
12/03/2025: 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 $29.77
1 Year Target Price $29.77
| 4 | Strong Buy |
| 2 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 32.52% | Avg. Invested days 55 | 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 12/03/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.49B USD | Price to earnings Ratio 10.6 | 1Y Target Price 29.77 |
Price to earnings Ratio 10.6 | 1Y Target Price 29.77 | ||
Volume (30-day avg) 9 | Beta 0.44 | 52 Weeks Range 24.53 - 32.05 | Updated Date 12/4/2025 |
52 Weeks Range 24.53 - 32.05 | Updated Date 12/4/2025 | ||
Dividends yield (FY) 11.22% | Basic EPS (TTM) 2.65 |
Earnings Date
Report Date 2025-11-10 | When - | Estimate 0.79 | Actual 0.82 |
Profitability
Profit Margin 42.42% | Operating Margin (TTM) 80.43% |
Management Effectiveness
Return on Assets (TTM) 5.28% | Return on Equity (TTM) 10.02% |
Valuation
Trailing PE 10.6 | Forward PE 9.12 | Enterprise Value 13902045184 | Price to Sales(TTM) 4.59 |
Enterprise Value 13902045184 | Price to Sales(TTM) 4.59 | ||
Enterprise Value to Revenue 21.66 | Enterprise Value to EBITDA - | Shares Outstanding 231220381 | Shares Floating - |
Shares Outstanding 231220381 | Shares Floating - | ||
Percent Insiders 8.71 | Percent Institutions 43.18 |
Upturn AI SWOT
Blackstone Secured Lending Fund
Company Overview
History and Background
Blackstone Secured Lending Fund (BXSL) was formerly known as FS Investment Corporation. The company invests primarily in senior secured debt of private middle market companies. It was founded in 2007 and is managed by Blackstone Credit BDC Advisors LLC, an affiliate of Blackstone Inc.
Core Business Areas
- Direct Lending: Providing senior secured loans, including first lien and second lien debt, to U.S. middle-market companies.
- Opportunistic Investments: Investing in other types of credit instruments and related securities to enhance portfolio returns.
Leadership and Structure
The fund is managed externally by Blackstone Credit BDC Advisors LLC. The key decision-makers include the senior management team at Blackstone Credit, who oversee the fund's investment strategy and portfolio management.
Top Products and Market Share
Key Offerings
- First Lien Senior Secured Loans: These loans hold the highest priority in repayment in case of borrower default, offering a relatively lower risk profile. BXSL competes with other BDCs and private credit funds. Market share data specific to first lien loans attributable to BXSL is difficult to ascertain directly but BXSL holds a significant portion of such loans, and generates significant revenue from these loans.
- Second Lien Senior Secured Loans: These loans have a secondary claim on assets after first lien holders. This product is targeted at the same businesses and has similar market conditions. BDCs and private credit funds are the primary competitors
Market Dynamics
Industry Overview
The direct lending market is characterized by high demand from middle-market companies seeking capital. Interest rate environment, regulatory changes, and overall economic conditions significantly impact the industry.
Positioning
BXSL is a significant player in the direct lending space, benefiting from the brand recognition and resources of Blackstone. It competes with other BDCs and private credit funds in providing debt financing to middle-market companies.
Total Addressable Market (TAM)
The TAM for private credit is estimated to be in the trillions of dollars. BXSL is positioned to capture a segment of this market by focusing on senior secured debt to middle-market companies.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and reputation of Blackstone
- Experienced management team with expertise in credit investing
- Access to Blackstone's extensive network and resources
- Diversified investment portfolio across various industries
Weaknesses
- Reliance on external management by Blackstone Credit BDC Advisors LLC
- Potential conflicts of interest due to Blackstone's other investment activities
- Sensitivity to interest rate fluctuations and economic downturns
- Dependence on middle market companies performing
Opportunities
- Growing demand for private credit from middle-market companies
- Potential to expand into new investment strategies and asset classes
- Increasing adoption of direct lending by institutional investors
- Strategic acquisitions of similar businesses.
Threats
- Increased competition from other BDCs and private credit funds
- Rising interest rates could negatively impact borrower's ability to repay debt
- Economic recession or slowdown could lead to increased defaults
- Changes in regulations could impact the BDC industry
Competitors and Market Share
Key Competitors
- ARCC
- TPVG
- MAIN
- GHLD
Competitive Landscape
BXSL benefits from the Blackstone brand, allowing it access to deals and capital that some competitors might not have. However, its reliance on external management is a disadvantage. ARCC is generally seen as a larger, more established player, while TPVG and MAIN focus on specific sectors and smaller deals respectively. GHLD is similar in strategy but smaller in scale.
Major Acquisitions
None
- Year: 2024
- Acquisition Price (USD millions): 0
- Strategic Rationale: N/A
Growth Trajectory and Initiatives
Historical Growth: BXSL's growth has been driven by increasing demand for direct lending to middle-market companies and effective capital deployment.
Future Projections: Future growth will likely depend on continued growth in the private credit market, the ability to source attractive investment opportunities, and effective management of portfolio risk.
Recent Initiatives: Recent initiatives need to be dynamically populated based on current financial reports and news, which are subject to change. These may include capital raises, new investment strategies, or portfolio optimization efforts.
Summary
Blackstone Secured Lending Fund leverages the Blackstone brand to secure deals in the competitive direct lending market. The company offers attractive dividends to shareholders. Its success depends on navigating interest rate risk and economic uncertainty while effectively managing its portfolio. Dependence on an external manager and potential conflicts of interest are factors for consideration.
Similar Stocks
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
- Company Investor Relations
- Analyst Reports
- Industry Publications
- Blackstone Website
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions are dynamic, and data may be subject to change. Actual results may vary materially from any projections.
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 | Trustee, Chairman & 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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