Blackstone Secured LendingBXSL
Market Cap: $6.01B
About: Blackstone Secured Lending Fund is a non-diversified, closed-end management investment company. The investment objectives of the company are to generate current income and, to a lesser extent, long-term capital appreciation. The company seeks to achieve its investment objectives through originated loans and other securities, including syndicated loans, of private U.S. companies, typically in the form of first lien senior secured and unitranche loans, and unsecured and subordinated loans and other debt and equity securities.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
183% more call options, than puts
Call options by funds: $9.58M | Put options by funds: $3.39M
79% more repeat investments, than reductions
Existing positions increased: 129 | Existing positions reduced: 72
20% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 30
2% more funds holding
Funds holding: 290 [Q1] → 296 (+6) [Q2]
1.51% less ownership
Funds ownership: 33.83% [Q1] → 32.31% (-1.51%) [Q2]
6% less capital invested
Capital invested by funds: $2.02B [Q1] → $1.9B (-$116M) [Q2]
8% less funds holding in top 10
Funds holding in top 10: 13 [Q1] → 12 (-1) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
RBC Capital Kenneth Lee 76% 1-year accuracy 42 / 55 met price target | 10%upside $33 | Outperform Reiterated | 14 Aug 2024 |
JP Morgan Melissa Wedel 38% 1-year accuracy 5 / 13 met price target | 7%upside $32 | Overweight Maintained | 8 Aug 2024 |
Wells Fargo Finian O'Shea 68% 1-year accuracy 17 / 25 met price target | 4%upside $31 | Overweight Maintained | 8 Aug 2024 |
JP Morgan Melissa Wedel 38% 1-year accuracy 5 / 13 met price target | 5%upside $32 | Overweight Maintained | 29 Jul 2024 |
Financial journalist opinion
Based on 17 articles about BXSL published over the past 30 days