BXSL 📈 Blackstone Secured Lending - Overview

Blackstone Secured Lending Fund (NYSE:BXSL) is a business development company that operates as a Delaware statutory trust, established on March 26, 2018. It's structured as an externally managed, non-diversified closed-end investment fund, which means it pools money from investors to invest in various assets.

On October 26, 2018, the fund chose to be regulated as a business development company (BDC) under the Investment Company Act of 1940, which provides a framework for investment companies to operate in the United States. Additionally, the fund elected to be treated as a regulated investment company (RIC) for U.S. federal income tax purposes, allowing it to pass through its income to shareholders without being taxed at the corporate level.

The fund's primary investment objectives are to generate consistent income and, to a lesser extent, long-term capital growth. To achieve this, it focuses on originating loans, equity, and other securities, primarily in the form of first lien senior secured and unitranche loans, to small and middle market companies in the United States. It may also invest in second lien, third lien, unsecured, and subordinated loans, as well as other debt and equity securities.

By investing in these types of securities, the fund aims to provide a stable source of income for its shareholders, while also seeking to grow their capital over the long term. For more information, you can visit the fund's website at https://www.bxsl.com.