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Dec 31, 2023
Blackstone Secured Lending Fund Q4 2023 Earnings Report
Blackstone Secured Lending Fund reported strong Q4 2023 results with growth in net investment income and increased net asset value.
Key Takeaways
Blackstone Secured Lending Fund reported strong fourth-quarter results, characterized by growth in net investment income, an increase in net asset value, and solid credit performance. The company's portfolio, which is 98.5% first lien, senior secured, provided capital protection amidst the current interest rate environment. New investments saw a two-year high during the quarter, and the company remains optimistic about future deployment opportunities.
Net investment income was $0.96 per share.
The portfolio is well-positioned with solid fundamentals and only one issuer on non-accrual.
98.5% of the portfolio is in first lien, senior secured debt.
New investment commitments reached $1.0 billion at par.
Forward Guidance
Blackstone Secured Lending Fund remains optimistic about continued deployment opportunities with a growing Blackstone Credit & Insurance investment pipeline.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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