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The Blackstone Secured Lending Fund (NYSE:BXSL) is a business development corporation (BDC) that lends money to private companies. It invests exclusively in first-lien debt, meaning that its loans
BXSL: 10% Yield With Strong Financials
Summary
- Blackstone Secured Lending fund is a BDC that lends money to private companies.
- It has a 10% yield despite having a low-risk portfolio (compared to other BDCs).
- Its net interest income continues growing at a time when other BDCs are experiencing issues, while its earnings have declined less than at similar funds.
- In this article, I make the case that BXSL is a compelling fund to own today.
Financial journalist. Passed CFA Level 1. Seeking value and dividend growth opportunities, and sharing what I find on Seeking Alpha.
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