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Blackstone Secured Lending: 13% Yield And Portfolio Evolu...
Gen Alpha · 2026-06-26 · via All Articles on Seeking Alpha

Summary

  • Blackstone Secured Lending Fund trades at a 0.91x book value with a 12.9% yield, offering high income and downside protection.
  • BXSL’s portfolio is 97.6% first-lien secured debt, diversified across 316 companies, with strong credit ratings and conservative leverage at 1.32x.
  • I maintain a 'Buy' rating on BXSL, citing its fully covered dividend, attractive risk/reward, and Blackstone’s ability to pivot toward secular growth sectors.
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thirteen percent on white background. Isolated 3D illustration

ISerg/iStock via Getty Images

Bargain hunting for stocks is one of my favorite pastimes, and the BDC space is undoubtedly a good place for that right now. There are currently many names in this space that trade at meaningful discounts to their net asset value. When combined

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BXSL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.