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Stock impact report

Avoiding Blackstone And Blackstone Secured Lending Even Before BCRED Redemption Surge [Seeking Alpha]

Blackstone Secured Lending Fund (BXSL) 
Company Research Source: Seeking Alpha
Recent BCRED redemption management near term positive for BXSL market perception, and longer-term far better for BX than BCRED's Sept 2025 distribution cut. BXSL has 12.6% yield, but a 17.5% incentive fee with additional risks from PIK income, liquidity risks, and relative valuation volatility. I view private credit vehicles like BXSL as a niche Fixed Income allocation. I use more 1940 Act Protected Preferreds for far safer (and smaller) excess yield. Picking Advisors who Prosper (BX or otherwise) may be more beneficial than allocating too much of Income Portfolio to Private Credit Vehicles. HoodieHoony/iStock via Getty Images Blackstone ( BX ) and Blackstone Secured Lending Fund ( BXSL ) are trading actively this week as Blackstone Private Credit Fund (best known as “BCRED”) again provides the biggest headline in Private Credit. Although BCRED does not trade, it is This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of B Show less Read more
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