Blackstone Secured Lending Fund Reports First Quarter 2024 Results
Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, “BXSL reported another quarter of strong net investment income, increased net asset value, higher net income per share, and continued healthy credit performance. Our portfolio remains defensive with 98.5% first lien, senior secured debt with less than 50% LTV, and minimal non-accruals at just 0.1% at cost. We see strength in deployment activity, and with a growing pipeline, BXSL investment commitments increased in the first quarter of 2024 to the highest level since 2021. We remain optimistic about BXSL’s portfolio positioning and opportunity set ahead.”