Predominantly comprised of floating rate senior secured loans across a diverse group of sectors and issuers.

Data as of March 31, 2024


Investments at Fair Value


First Lien Senior Secured


of Debt Investments Are Floating Rate


Loan-to-Value Ratio1

Portfolio Snapshot

Asset Type

Top Industries (at FMV)(4)


Issuer Concentration

Featured Portfolio Companies3

JSSI (JSS Holdings, Inc.)

Commercial Services & Supplies

United Vet Care Holdings “UVC”

Health Care Providers & Services


Professional Services



Top Portfolio Holdings

CompanyAsset TypeSectorFair Value ($ in thousands)
Medallia, Inc.First LienSoftware362,478
Donuts, Inc.First LienInternet & Direct Marketing Retail318,356
Snoopy Bidco Inc.First LienHealth Care Providers & Services314,029
Guidehouse, Inc.First LienProfessional Services307,007
Cambium Learning Group, Inc.First LienDiversified Consumer Services288,404
JSS Holdings, Inc.First LienCommercial Services & Supplies287,159
Stamps.com, Inc.First LienSoftware277,361
Corfin Holdings, Inc.First LienAerospace & Defense260,802
Bazaarvoice Inc.First LienCommercial Services & Supplies240,798
Edifecs Inc.First LienHealth Care Technology230,354
Navigator Acquiror Inc.First LienHealth Care Providers & Services225,993
Circana Group, L.P.First LienSoftware205,287
CustomInk, LLCFirst LienSpecialty Retail163,594
Genuine Cable Group, LLCFirst LienDistributors162,337
Mode Purchaser, Inc.First LienAir Freight & Logistics147,195
Jayhawk Buyer, LLCFirst LienHealth Care Providers & Services145,615
Integrity Marketing Acquisition LLCFirst LienInsurance145,437
Tennessee Bidco LimitedFirst LienInsurance128,680
Point Broadband Acquisition, LLCFirst LienDiversified Telecommunication Services124,139
Affordable Care Holding CorpFirst LienHealth Care Providers & Services120,240
  1. Includes the private debt investments for which fair value is determined by the Board of Trustees. Average loan-to-value represents the net ratio of loan-to-value for each portfolio company, weighted based on the fair value of total applicable private debt investments. Loan-to-value is calculated as the current total net debt through each respective loan tranche divided by the estimated enterprise value of the portfolio company as of the most recent quarter end.
  2. Published March 1, 2022. Private Debt Investor (PDI) selected award winners by researching news sources to compile a list of finalists, vetting those finalists and soliciting votes from readers. Blackstone Credit or its affiliates have not investigated and does not know the makeup of voters. A different set of voters may have achieved different results. Blackstone Credit does not know whether it has been rated by this or any other third party in any way that would conflict with these awards. There may be other categories for which Blackstone Credit, its funds or its portfolio companies were nominated but not awarded. The awards may not be representative of a particular investor’s experience or the future performance of any Blackstone Credit fund or transaction. There is no guarantee that similar awards will be obtained by Blackstone Credit with respect to existing or future funds or transactions. This information is provided solely for informational purposes. It should not be relied upon as any indication of future performance of BXSL or of Blackstone Credit and any of its funds or portfolio companies.
  3. Note: Represents the top six positions in BXSL as of June 30, 2023, defined as the largest privately originated positions in the top six sectors. The above reflects Blackstone Credit’s views and beliefs. These case studies are for illustrative purposes only, are not representative of all Blackstone Credit investments and do not constitute investment advice or recommendation of past investments. Past performance is not necessarily indicative of future results and there can be no assurance that the fund will achieve results comparable to those of any of Blackstone Credit’s prior funds or be able to implement its strategy or achieve its investment objectives, including due to an inability to access sufficient investment opportunities. All rights to the trademarks and/or logos listed herein belong to their respective owners and Blackstone Credit’s use hereof does not imply any affiliation with, or endorsement by the owners of these trademarks and/or logos.
  4. Measured as the fair value of investments for each category against the total fair value of all investments. Totals may not sum due to rounding.