Blackstone Senior Floating Rate 2027 Term Fund (BSL)

• Market cap: $189M
• 1 day: 1.82%
• 5 days: -0.96%
• 1 month: -0.27%
• 3 months: 0.83%
• 6 months: 4.16%
• Year to date: 8.61%
• 1 year: 9.51%
• 5 years: -10.38%
• 10 years: -12.33%

About: Blackstone Senior Floating Rate Term Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. It also invests in second-lien loans and high yield bonds and employs financial leverage, which may increase the risk to the Fund.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

4% less funds holding

Funds holding: 49 [Q2] → 47 (-2) [Q3]

5.39% less ownership

Funds ownership: 37.27% [Q2] → 31.88% (-5.39%) [Q3]

14% less capital invested

Capital invested by funds: $67.9M [Q2] → $58.6M (-$9.37M) [Q3]

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4