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
| Metric | Reported amount |
|---|---|
| NAV per common share, March 31, 2021 | $25.56 |
| Total capital commitments, April 21, 2021 | Approximately $3.9 billion |
| Capital called, April 21, 2021 | Approximately $3.2 billion |
| Uncalled commitments, calculated from reported amounts | Approximately $0.7 billion |
| Quarterly total return, three months ended March 31, 2021 | 3.4% |
| Annualized total return since inception | 9.5% |
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.