Blackstone Secured Lending Fund current report, 20 April 2021

Blackstone Secured Lending Fund — Form 8-K Summary

Business Context and Reporting Period

Blackstone Secured Lending Fund filed a Form 8-K under Item 8.01 (Other Events) reporting net asset value, capital commitments, and investment performance. The report date was April 20, 2021, with the filing signed April 21, 2021. NAV information is as of March 31, 2021; capital commitment information is as of April 21, 2021.

Key Financial Metrics

MetricReported amount
NAV per common share, March 31, 2021$25.56
Total capital commitments, April 21, 2021Approximately $3.9 billion
Capital called, April 21, 2021Approximately $3.2 billion
Uncalled commitments, calculated from reported amountsApproximately $0.7 billion
Quarterly total return, three months ended March 31, 20213.4%
Annualized total return since inception9.5%

The filing does not provide revenue, net investment income, net income, cash flow, margins, debt balances, leverage, liquidity balances, or other detailed financial statement metrics.

Changes Versus Prior Comparable Period

The filing does not provide a prior-period NAV, capital commitment, or quarterly-return figure sufficient to quantify changes versus the prior comparable period.

Guidance, Outlook, Risks, and Unusual Items

No management guidance or forward-looking outlook is provided. The reported total return calculation reflects the change in NAV per share plus distributions per share, assuming reinvestment under the Fund’s dividend reinvestment plan. The filing does not identify material contingencies, unusual charges, or specific risk developments.

Facts Investors Should Verify

  • Confirm the March 31, 2021 NAV of $25.56 per common share and the methodology used to value the portfolio.
  • Verify the distinction between approximately $3.9 billion of total commitments and approximately $3.2 billion called as of April 21, 2021.
  • Review the calculation and comparability of the 3.4% quarterly return and 9.5% annualized return since inception.
  • Consult the Fund’s financial statements and other filings for income, expenses, debt, leverage, liquidity, portfolio credit quality, and valuation details not included in this 8-K.