Press Releases and Communications

Blackstone Expands Leadership Team in Growing Private Credit Business

Blackstone (NYSE: BX) today announced that Brad Marshall, who has been leading the firm’s direct lending efforts for nearly 17 years, has been promoted to Global Head of Private Credit Strategies (PCS), adding to his role as Chairman and co-CEO of the firm’s two business development companies (BDCs), Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (NYSE: BXSL). Jonathan Bock, formerly the CEO of Barings BDC and a top ranked Equity Analyst at Wells Fargo, has joined the firm to serve alongside Brad as Co-CEO of the firm’s BDCs.

Blackstone Secured Lending Fund Reports Third Quarter 2022 Results

Blackstone Secured Lending Fund (NYSE: BXSL, or the “Company”) today reported its third quarter 2022 results.

Brad Marshall, Chief Executive Officer of Blackstone Secured Lending Fund, said, “BXSL reported excellent third quarter results including strong growth in investment income and solid credit performance. We are experiencing a significant increase in our earnings power from higher rates, which is benefiting our portfolio yields.”

Abby Miller Appointed as Chief Accounting Officer and Treasurer of Blackstone Credit BDCs

Blackstone Credit today announced the appointment of Abby Miller as Chief Accounting Officer and Treasurer of Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL), its business development companies (BDCs). BCRED and BXSL are part of the direct lending platform within Blackstone’s $230 billion credit business, the firm’s fastest growing segment.

Blackstone Secured Lending Fund Reports First Quarter 2022 Results

Brad Marshall, Chief Executive Officer of Blackstone Secured Lending Fund, said, “BXSL reported strong first-quarter results, delivering an attractive total return and yield for its investors. Results showcase BXSL’s high quality portfolio, which is predominantly first lien senior secured floating rate loans – all of which are performing. We declared a regular dividend in the first quarter that represents an 8% annualized yield on ending net asset value, in addition to special dividends for both the quarter and scheduled for later this year. We’re excited about the future, given a portfolio and liability structure that are well positioned for this environment.”

Michelle Greene Joins Board of Trustees of Blackstone Credit BDCs

Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL), Blackstone Credit’s business development companies (BDCs), today announced the appointment of Michelle Greene, a leader in ESG, stakeholder capitalism and strategic sustainability implementation, to their Boards of Trustees, effective May 2, 2022.

Blackstone Secured Lending Fund Reports Fourth Quarter and Full Year 2021 Results

Blackstone Secured Lending Fund (NYSE: BXSL, or the “Company”) today reported its fourth quarter and full year 2021 results. Brad Marshall, Chief Executive Officer of Blackstone Secured Lending Fund, said, “BXSL’s fourth quarter results represented a strong finish to a banner year, including exceptional performance and credit quality. For the full year, we delivered a NAV-based total return of 12.6% and entered 2022 in great shape with no loans on non-accrual. Looking ahead, we believe BXSL is well positioned to continue delivering for investors given a high-quality portfolio, structural competitive advantages and an attractive regular dividend yield of over 8% based on NAV.”

Blackstone Secured Lending Fund Client Letter

We are pleased to announce that Blackstone Secured Lending Fund (“BXSL” or the “Company”) began trading on the NYSE (NYSE: BXSL) on October 28, 2021 in the largest business development company (“BDC”) IPO in 15 years.

Blackstone Secured Lending Reports Third Quarter 2021 Net Investment Income Per Share of $0.63 and Net Asset Value Per Share of $26.15

NEW YORK–(BUSINESS WIRE)–Blackstone Secured Lending (NYSE: BXSL; “BXSL” or the “Company”) today announced financial results for the third quarter ended September 30, 2021, with net investment income at the high end of its previously estimated range. “We’re proud to report strong third quarter financial results including rising net investment income and net asset value. This […]

Blackstone Secured Lending Fund Announces Underwriters Fully Exercised the Overallotment Option

NEW YORK–(BUSINESS WIRE)–Blackstone Secured Lending Fund (NYSE: BXSL), a business development company externally managed by Blackstone Credit BDC Advisors LLC, today announced that the underwriters for its initial public offering of 9,180,000 of its common shares have fully exercised their option to purchase an additional 1,377,000 of its common shares at the public offering price […]

Blackstone Secured Lending Fund Prices Initial Public Offering

NEW YORK–(BUSINESS WIRE)–Blackstone Secured Lending Fund (“BXSL”), a business development company externally managed by Blackstone Credit BDC Advisors LLC, today announced that it priced its initial public offering of 9,180,000 of its common shares at $26.15 per share. BXSL’s common shares are expected to begin trading on the New York Stock Exchange on October 28, […]

Vik Sawhney Joins Boards of Trustees of Blackstone Credit BDCs

NEW YORK–(BUSINESS WIRE)–Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL), Blackstone Credit’s business development companies (BDCs), today announced the appointment of Vik Sawhney to their Boards of Trustees. BCRED and BXSL are part of the direct lending platform within Blackstone’s $163 billion credit business, the firm’s fastest growing segment. Mr. Sawhney serves as Blackstone’s Chief […]