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Blackstone Secured Lending Fund (BXSL) — chart, structure and Closelook read

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Company snapshot — Blackstone Secured Lending Fund

BXSL in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Blackstone Secured Lending Fund is a business development company, a closed-end fund that lends to private American businesses rather than a bank that takes deposits. It is externally managed and organised as a regulated investment company for tax purposes, aiming to earn current income and, more modestly, capital gains. Most of its book sits in first-lien senior secured and unitranche loans to small and mid-sized companies, with smaller positions in second-lien, unsecured and equity holdings. It is based in New York and its manager is part of Blackstone.
Where it sits in the stack
Blackstone Secured Lending Fund carries no seat in Rubin, the diary's AI build-out index. It sits in our Financial Services sleeve, under Asset Management, as a lender to private companies rather than a supplier of compute, power or components to that build-out.
Who it is priced against
Closelook's peer group places it with other Financial Services names from the US, chosen for sector and country rather than business model, including Sumitomo Mitsui Financial Group, Mizuho Financial Group and Brookfield Asset Management; the market also names Ares Capital Corporation as a comparable business development company.
Why Closelook tracks it
It carries a Closelook score, with quality the strongest module and momentum the weakest; it holds no seat in Rubin or any other Closelook index and the diary has not yet quoted it.
What the diary watches
Whether the loan book's balance-sheet strength holds up as the quality module suggests, given the weaker momentum reading sitting alongside it.

Blackstone Secured Lending Fund (BXSL) trades on US exchanges, classified under Financial Services.

The Closelook company score reads 49/100 composite (momentum 57, quality 71, valuation 60) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for BXSL, from the same nightly bakes the boards use. Research diary readings, not advice.

The Street on this name 1 analyst action on the wire · latest: price target by UBS, 2026-09-01

The Street on this name

Analyst actions and the latest print for BXSL from the Closelook wires — third-party opinions on the record, not our readings.

  • Price target UBS — target 25.5 from 24.5 Target raised to $25.5 from $24.5 (+2% to spot) 2026-09-01

1 action on the analyst wire since 2026-08-13: 1 target change. Analyst wire → · Earnings wire →

Who it is priced against Asset Management · US · 8 names with week and year-to-date

Peer group

Asset Management · US

Names in the same industry from the Closelook universe; scored names rank on their Closelook score, the rest on trend state.

Compared against BXSL on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Dividends and capital return trailing yield 12.53%, quarterly · last 0.77 USD on 2026-06-30

Dividends and capital return

What BXSL pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 3.08 USD per share · a 12.53% yield on the 2026-09-24 close 4 distributions, paid quarterly 2026-09-24
  • Change on the year +100.0% against the prior twelve months prior twelve months 1.54 USD per share
  • Last distribution 0.77 USD per share as the price series records it, within days of the ex-date 2026-06-30
  • By calendar year 2025: 3.08 USD (partial) · 2026: 1.54 USD to date first distribution recorded in the three-year window: 2025-03-31
  • Dividends paid, FY2025 678 m USD 98% of earnings
  • Share count +13.8% in FY2025
  • Capital returned 678 m USD · 117% of free cash flow dividends and buybacks together, against the year’s free cash flow

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

How it trades on rate days beta 0.43 to TLT · on the worst bond days it moved with the market

How it trades on rate days

How BXSL has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 0.43 — tends to move with bonds for every 1% move in TLT (20+ year Treasuries), Blackstone Secured Lending Fund moved 0.43% on average · correlation 0.19 · higher than 43% of US names
  • Beta, last 3 months 0.64 more rate-sensitive lately than over the year
  • On the 10 worst bond days −0.71% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −0.08% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 60/100 · S&P 500 fund at 66, bullish alignedEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-24
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 99th percentile of the window, +10.1% over 20 sessions. Factor regime → 2026-09-24
  • Sector × region Financials in US: −2.1% week · −6.2% month · +2.4% quarter · +9.7% yearThe Sector Engine cell this name lives in, from XLF.US; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-09-24
  • Sovereign pressure Index 0.60 · up 0.32 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-23

FAQ · from the current data · as of 2026-09-25

Quick answers

What is Blackstone Secured Lending Fund (BXSL)?

Blackstone Secured Lending Fund trades as BXSL on the US exchange (US) and is classified under Financial Services in the Closelook research universe, as of the registry build of 2026-09-25.

Is BXSL in a Closelook index?

Not currently — Blackstone Secured Lending Fund is tracked in the Closelook research universe but is not a constituent of a Closelook functional index as of 2026-09-25.

What is Blackstone Secured Lending Fund's Closelook composite score?

49 out of 100, with momentum 57, quality 71 and valuation 60 sub-scores, as of 2026-09-25. Scores are Closelook's own research readings, not ratings or investment advice.

Where does BXSL trade against its moving averages?

Uptrend stack intact: Trades +1.3% vs the 50-day and +3.9% vs the 200-day average, 5.6% below the 52-week high and +13% off the 52-week low; a golden cross printed 21 sessions ago. Computed from daily closes. As of 2026-09-24 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

What does Blackstone Secured Lending Fund do?

Blackstone Secured Lending Fund is a business development company, a closed-end fund that lends to private American businesses rather than a bank that takes deposits. It is externally managed and organised as a regulated investment company for tax purposes, aiming to earn current income and, more modestly, capital gains. Most of its book sits in first-lien senior secured and unitranche loans to small and mid-sized companies, with smaller positions in second-lien, unsecured and equity holdings. Closelook's peer group places it with other Financial Services names from the US, chosen for sector and country rather than business model, including Sumitomo Mitsui Financial Group, Mizuho Financial Group and Brookfield Asset Management; the market also names Ares Capital Corporation as a comparable business development company.

Where does Blackstone Secured Lending Fund sit in the AI build-out?

Blackstone Secured Lending Fund carries no seat in Rubin, the diary's AI build-out index. It sits in our Financial Services sleeve, under Asset Management, as a lender to private companies rather than a supplier of compute, power or components to that build-out. It carries a Closelook score, with quality the strongest module and momentum the weakest; it holds no seat in Rubin or any other Closelook index and the diary has not yet quoted it.

Does Blackstone Secured Lending Fund pay a dividend?

Blackstone Secured Lending Fund has paid 3.08 USD per share over the last twelve months, paid quarterly, a trailing yield of 12.53% on the 2026-09-24 close; the last distribution recorded in the price series was 0.77 USD on 2026-06-30. In fiscal 2025 the company paid 678 m USD in dividends, 117% of that year’s free cash flow. The share count rose 13.8% over the fiscal year. The "Dividends and capital return" block on this page carries the lines.

How does Blackstone Secured Lending Fund trade when bond yields rise?

Over the past year Blackstone Secured Lending Fund had a beta of 0.43 to TLT, the long-dated Treasury fund — it tends to move with bonds, higher than 43% of US names. On the 10 sessions in which long bonds fell most it moved −0.71% on average, against −0.74% for the S&P 500. The "How it trades on rate days" block on this page carries the lines.

What has Wall Street done on Blackstone Secured Lending Fund recently?

The most recent analyst action on Blackstone Secured Lending Fund on the Closelook wire is a price target by UBS on 2026-09-01 (target 25.5 from 24.5). 1 action on the analyst wire since 2026-08-13: 1 target change. Analyst actions are third-party opinions recorded by the wire, not Closelook readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

Where has Closelook written about Blackstone Secured Lending Fund?

Blackstone Secured Lending Fund appears in 1 Closelook piece, most recently Midday 10: AI Credit — Oracle invokes force majeure on a New Mexico data center; the 30-year hits 5.45% (2026-09-24). What Closelook said most recently: Private-credit lenders lower but calm: OBDC (-1.6%), Ares Capital (-0.91%), BXSL (-0.73%); the neoclouds mixed: Applied Digital (-2.53%), TeraWulf (-2.11%), Core Scientific (-1.57%), CoreWeave (-0.93%), Nebius $239.80 (+5.82%) (Midday 10, 2026-09-24). The "Mentioned on Closelook" block on this page lists the long reads, the reference entries and the dailies that name it.

What does this page show?

A live price chart with SMA overlays and drawing tools for BXSL, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Mentioned on Closelook 1 piece · newest: Midday 10, “AI Credit — Oracle invokes force majeure on a New Mexico data center; the 30-year hits 5.45%” (2026-09-24)

Mentioned on Closelook

Where BXSL appears in the diary — 1 piece, newest first. Every link is our own writing.

Dailies

Related in the Closelook universe

then Asset Management. Scored names rank on their Closelook score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.