Blackstone Secured Lending Fund reports recurring updates as a specialty finance company and business development company that invests primarily in debt of private U.S. companies. Its portfolio commentary commonly centers on first-lien senior secured and unitranche loans, investment income, net asset value, dividends, new originations, repayments, non-accrual trends and borrower fundamentals.
BXSL news also covers capital and shareholder actions, including share repurchase authorization, debt issuance, equity distribution arrangements, conference presentations and earnings call schedules. The fund is externally managed by Blackstone Private Credit Strategies LLC, an SEC-registered investment adviser affiliated with Blackstone Inc.
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Blackstone Secured Lending Fund (NYSE:BXSL) will host its fourth quarter and full year 2022 investor conference call on February 27, 2023, at 9:30 a.m. ET. The company will release its fourth quarter results before the call on the same day. As of September 30, 2022, BXSL's fair value of investments was approximately $9.7 billion. The firm is managed by Blackstone Credit BDC Advisors LLC, an affiliate of Blackstone Inc., which reported $975 billion in assets under management as of December 31, 2022. Interested investors can register for the call via the provided link or access a replay on BXSL's website.
Blackstone (NYSE: BX) has appointed Brad Marshall as the Global Head of Private Credit Strategies, enhancing his role as Chairman and co-CEO of its BDCs, Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL). Jonathan Bock joins as Co-CEO, previously CEO of Barings BDC. Blackstone Credit's assets under management have surged 135% to $234 billion over five years. This leadership expansion aims to meet growing demand for private credit solutions globally, indicating strong market positioning and opportunity.
Blackstone Secured Lending Fund (BXSL) will host its third-quarter investor conference call on November 10, 2022, at 9:30 a.m. ET, prior to releasing its financial results. As of June 30, 2022, BXSL's investments were valued at approximately $10.1 billion. The company is managed by Blackstone Credit BDC Advisors LLC and is classified as a business development company under the Investment Company Act of 1940. BXSL emphasizes the inherent uncertainty in forward-looking statements regarding its financial forecasts and future operations.
Blackstone Credit announced increased distributions for its funds, with the Blackstone Private Credit Fund (BCRED) raising its monthly distribution to $0.19 per share, representing a 9.1% annualized yield based on a July NAV of $25.02. The Blackstone Secured Lending Fund (BXSL) increased its quarterly distribution to $0.60 per share, yielding 9.3% based on a second-quarter NAV of $25.89. These changes reflect strong earnings, the quality of portfolios, and positive effects from rising interest rates, with nearly 100% of the portfolios in floating rate debt.
Blackstone Secured Lending Fund (NYSE:BXSL) will host its second quarter investor conference call on August 11, 2022, at 9:30 a.m. ET. The earnings report is scheduled for release earlier that day. As of March 31, 2022, BXSL's investments were valued at approximately $10.0 billion. The fund operates as a business development company, managed by Blackstone Credit BDC Advisors LLC, part of Blackstone Inc., which manages around $915 billion in assets.