- YX Insights
- Posts
- Blackstone Secured Lending(BXSL): Q3 FY2024 Review
Blackstone Secured Lending(BXSL): Q3 FY2024 Review
A very well run BDC with attractive yields and low non-accruals.
Hi YXI friends,
Today, we are going to review Blackstone Secured Lending(BXSL), another top pick from our latest BDC comparison.
BXSL focuses on First Lien Senior Secured debt - a remarkable 99% of its portfolio is concentrated in this category.
Today, we will dive into BXSL’s latest performance and investment potential.
Table of Contents
DISCLAIMER: This newsletter is strictly educational. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice.
1. BXSL Is A Top 5 BDC
BXSL is one of the only 4 BDCs with a $10 billion plus Enterprise Value, ahead of GBDC.
BXSL’s portfolio consists of 172 issuers, about average amongst peers, with a fair value of $11.98 billion.
2. Net Investment Income Has Grown
This is an YX Insights Premium note. You can claim your free 7-day full-access now!
Subscribe to YX Premium to read the rest.
Unlock YX Premium to get access to this post and other valuable subscriber-only content.
Already a paying subscriber? Sign In.
A subscription gets you:
- • Actionable trade ideas plus longer-term outlooks
- • Daily market insights and in-depth single name coverage
- • Weekly market analysis videos (45min+) covering key market drivers
- • For Slack discussions, live chart updates, and intraday Q&As with Yimin, please sign up via Cestrian: https://www.cestriancapitalresearch.com/the-macro-perspective/