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BXSL
Upturn stock ratingUpturn stock rating

Blackstone Secured Lending Fund (BXSL)

Upturn stock ratingUpturn stock rating
$30.75
Last Close (24-hour delay)
Profit since last BUY1.18%
upturn advisory
Consider higher Upturn Star rating
BUY since 27 days
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  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
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Upturn Advisory Summary

06/30/2025: BXSL (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

9 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Year Target Price $31.71

Year Target Price $31.71

Analyst’s Price TargetsFor last 52 week
$31.71Target price
Low$25.17
Current$30.75
high$33

Analysis of Past Performance

Type Stock
Historic Profit 31.2%
Avg. Invested days 60
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 7.15B USD
Price to earnings Ratio 9.95
1Y Target Price 31.71
Price to earnings Ratio 9.95
1Y Target Price 31.71
Volume (30-day avg) 9
Beta 0.51
52 Weeks Range 25.17 - 33.00
Updated Date 06/29/2025
52 Weeks Range 25.17 - 33.00
Updated Date 06/29/2025
Dividends yield (FY) 9.83%
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 9.95
Forward PE 10.28
Enterprise Value 13540119552
Price to Sales(TTM) 5.18
Enterprise Value 13540119552
Price to Sales(TTM) 5.18
Enterprise Value to Revenue 20.78
Enterprise Value to EBITDA -
Shares Outstanding 228010000
Shares Floating -
Shares Outstanding 228010000
Shares Floating -
Percent Insiders 8.83
Percent Institutions 42.25

Analyst Ratings

Rating 3
Target Price 31.71
Buy 2
Strong Buy 4
Buy 2
Strong Buy 4
Hold 3
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Blackstone Secured Lending Fund

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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 -
Full time employees -

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.