Company at a Glance
Price
Overview
Founded in 2005, Blackstone Secured Lending BDC (Business Development Company) is a subsidiary of investment firm Blackstone. The company is headquartered in New York City and specializes in providing financing solutions to middle-market companies.
As a BDC, Blackstone Secured Lending BDC primarily invests in debt securities of private companies, with a focus on senior secured loans. These loans are typically used by companies for mergers and acquisitions, refinancing existing debt, or for general corporate purposes.
Blackstone Secured Lending BDC is regulated by the U.S. Securities and Exchange Commission (SEC) and is subject to the Investment Company Act of 1940. This act requires BDCs to invest at least 70% of their assets in qualifying U.S. businesses, and to distribute at least 90% of their taxable income to shareholders in the form of dividends.
The company's portfolio is managed by Blackstone's credit investment team, which has extensive experience in private credit financing. Blackstone Secured Lending BDC also benefits from the resources and expertise of its parent company, which has a global presence and a strong track record in alternative investments.
Overall, Blackstone Secured Lending BDC offers investors the opportunity to gain exposure to the middle-market credit market, which can provide attractive risk-adjusted returns through a diversified portfolio of senior secured loans.
What is special about the company?
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What the company's business model?
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Interesting facts about the company
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See Company Q&A