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.
Blackstone Credit has appointed Abby Miller as Chief Accounting Officer and Treasurer for Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL). With over 15 years of experience, including her previous role as Chief Financial Officer at BlackRock's BDC, Miller aims to enhance operations. Blackstone's direct lending platform boasts $230 billion in credit assets, emphasizing income-focused investment opportunities in private credit. Miller's expertise is expected to bolster growth and expand access to investors.
Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL) announced the appointment of Michelle Greene to their Boards of Trustees, effective May 2, 2022. Greene is recognized for her expertise in ESG and sustainability, previously holding significant positions at the New York Stock Exchange and U.S. Department of the Treasury. This appointment aligns with Blackstone's commitment to integrating ESG principles into its operations and enhancing stakeholder engagement, within its $230 billion credit business, the firm's fastest-growing segment.
Blackstone Secured Lending Fund (NYSE:BXSL) will host its first quarter investor conference call on May 12, 2022, at 9:00 a.m. ET. The Company will report its first quarter results before the call. As of December 31, 2021, BXSL's investments had a fair value of approximately $9.9 billion. The firm is externally managed by Blackstone Credit BDC Advisors LLC and is regulated as a business development company under the Investment Company Act of 1940. Forward-looking statements are included in the release, with key risks noted.
Blackstone Secured Lending Fund (NYSE:BXSL) announced that CEO Brad Marshall will present at the RBC Capital Markets Global Financial Institutions Conference on March 8, 2022, at 3:20 PM ET. A live webcast of the event will be available on the Company’s website, with a replay to follow. As of December 31, 2021, BXSL reported a fair value of investments at approximately $9.9 billion and is regulated as a business development company under the Investment Company Act of 1940. Blackstone Inc. manages BXSL, being the world's largest alternative investment firm with $881 billion in assets under management.
Blackstone Secured Lending Fund (NYSE:BXSL) will host its fourth quarter and full year 2021 investor conference call on February 28, 2022, at 9:00 a.m. ET. The Company will release its fourth quarter results prior to the call. As of September 30, 2021, BXSL's fair value of investments stood at approximately $8.2 billion. BXSL is regulated as a business development company, externally managed by Blackstone Credit BDC Advisors LLC, an affiliate of Blackstone Inc., which manages about $881 billion in assets as of December 31, 2021.
Blackstone Secured Lending (NYSE: BXSL) reported strong financial results for Q3 2021, with net investment income of $0.63 per share, an increase from $0.53 the previous quarter. Net asset value per share rose to $26.15, reflecting a quarterly total return of 2.8%. New investment commitments totaled $2.4 billion, increasing the fair value of investments to $8.2 billion. BXSL plans to raise its regular dividend to $0.53 per share in Q4 and anticipates special dividends totaling $0.65 per share in 2022.
Blackstone Secured Lending Fund (BXSL) announced the full exercise of underwriters' options in its initial public offering, raising approximately $262.0 million at a price of $26.15 per share. The funds will be allocated towards paying down existing debt, investment strategies, and general corporate purposes.
The IPO was managed by leading financial firms, including BofA Securities, Goldman Sachs, and Wells Fargo Securities. This significant capital influx positions BXSL for enhanced growth and investment opportunities.
Blackstone Secured Lending Fund (BXSL) has priced its initial public offering at $26.15 per share, consisting of 9,180,000 common shares. Shares will start trading on the New York Stock Exchange on October 28, 2021, with a potential additional 1,377,000 shares available for underwriters. Proceeds will be used to reduce existing debt and support investment activities. The offering’s closure is conditional upon market conditions. BXSL had investments valued at approximately $7.4 billion as of June 30, 2021.