Blackstone Secured Lending Fund Reports First Quarter 2023 Results

NEW YORK — May 10, 2023 — Blackstone Secured Lending Fund (NYSE: BXSL) (the “Company”) today reported its first quarter 2023 results.

Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, “BXSL reported another quarter of robust results including strong credit performance, growth in net asset value, and rising investment income. BXSL’s net investment income again exceeded the quarterly dividend of $0.70 per share, which represents an annualized yield of 10.7% on first quarter net asset value, which was up from the prior quarter to $26.10. The quarterly dividend was increased 17% last quarter and has increased over 30% since the Fund’s IPO in late 2021 due to material growth in investment income and solid credit performance from its portfolio of predominantly first lien senior secured loans.”

Dividend Declaration
The Company’s Board of Trustees has declared a second quarter 2023 dividend of $0.70 per share to shareholders of record as of June 30, 2023, payable on or around July 27, 2023.

Leadership Updates
Additionally, the Company today announced that its Board of Trustees named four of its executives to leadership positions of the Company, effective as of the close of business on May 10, 2023.

  • Teddy Desloge has been named Chief Financial Officer of BXSL and Portfolio Manager.
  • Matt Alcide has been named Chief Accounting Officer of BXSL.
  • Kris Corbett has been named Controller and Treasurer of BXSL.
  • Stacy Wang has been named Head of Stakeholder Relations of BXSL.

Marshall and Bock continued, “Since our formation over four years ago, BXSL has emerged as a clear leader in the BDC space. Today’s promotions are a testament to the significant contributions Teddy, Matt, Kris and Stacy have made to our success. These individuals are respected leaders in the industry and we appreciate their commitment to our shareholders. Naming the team to these leadership roles further demonstrates the confidence we have in our teammates as well as the depth of the talent within Blackstone Credit.”

Quarterly Investor Call Details
Blackstone Secured Lending Fund will host its conference call today at 9:30 a.m. ET to discuss results. To register for the webcast, please use the following link:

Blackstone Secured Lending Fund issued a full detailed presentation of its first quarter 2023 results, which can be viewed at

For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of BXSL’s website at

About Blackstone Secured Lending Fund
Blackstone Secured Lending Fund (NYSE:BXSL) is a specialty finance company that invests primarily in the debt of private US companies. As of March 31, 2023, BXSL’s fair value of investments was approximately $9.6 billion. BXSL has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. BXSL is externally managed by Blackstone Credit BDC Advisors LLC, an SEC-registered investment adviser that is an affiliate of Blackstone Inc. Blackstone Inc., together with its subsidiaries, is the world’s largest alternative investment firm with $991 billion of assets under management as of March 31, 2023.

Forward-Looking Statements and Other Matters
Certain information contained in this communication constitutes “forward-looking statements” within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of forward-looking terminology, such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “can,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates”, “confident,” “conviction,” “identified” or the negative versions of these words or other comparable words thereof. These may include BXSL’s financial estimates and their underlying assumptions, statements about plans, statements regarding pending transactions, objectives and expectations with respect to future operations, statements regarding future performance, statements regarding economic and market trends and statements regarding identified but not yet closed investments. Such forward‐looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. BXSL believes these factors include but are not limited to those described under the section entitled “Risk Factors” in its prospectus and annual report for the most recent fiscal year, and any such updated factors included in its periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document (or BXSL’s prospectus and other filings). Except as otherwise required by federal securities laws, BXSL undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.


Stacy Wang, Head of Stakeholder Relations
[email protected]
+1 888-756-8443

Mariel Seidman-Gati
[email protected]
+1 917-698-1674