Blackstone Secured Lending Fund
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
BXSL$23.94-0.6%Stored close · as of Nov 9, 2026
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Financial Statements Condensed Consolidated Statements of Assets and Liabilities as of and
Condensed Consolidated Statements of Assets and Liabilities
(in thousands, except share and per share amounts)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Investments at fair value | ||
| Non-controlled/non-affiliated investments (cost of $11,980,421 and $9,934,158 at September 30, 2024 and December 31, 2023, respectively) | $11,947,600 | $9,862,650 |
| Non-controlled/affiliated investments (cost of $26,101 and $1 at September 30, 2024 and December 31, 2023, respectively) | 31,016 | 5,790 |
| Total investments at fair value (cost of $12,006,522 and $9,934,159 at September 30, 2024 and December 31, 2023, respectively) | 11,978,616 | 9,868,440 |
| Cash and cash equivalents | 194,177 | 154,857 |
| Interest receivable from non-controlled/non-affiliated investments | 111,476 | 93,576 |
| Interest receivable from non-controlled/affiliated investments | 9 | — |
| Receivable from broker | 1,770 | — |
| Deferred financing costs | 16,093 | 16,450 |
| Receivable for investments | 54,584 | 1,295 |
| Receivable for shares sold | 1,672 | — |
| Derivative assets at fair value (Note 6) | 13,169 | — |
| Total assets | $12,371,566 | $10,134,618 |
| LIABILITIES | ||
| Debt (net of unamortized debt issuance costs of $26,300 and $25,953 at September 30, 2024 and December 31, 2023, respectively) | $6,389,094 | $4,911,930 |
| Payable for investments | 5,029 | 8,566 |
| Due to affiliates | 11,414 | 8,925 |
| Management fees payable (Note 3) | 30,177 | 23,034 |
| Income based incentive fees payable (Note 3) | 38,163 | 34,373 |
| Capital gains based incentive fees payable (Note 3) | 264 | — |
| Interest payable | 23,871 | 39,880 |
| Distribution payable (Note 9) | 160,912 | 143,052 |
| Accrued expenses and other liabilities | 11,975 | 12,817 |
| Total liabilities | 6,670,899 | 5,182,577 |
| Commitments and contingencies (Note 8) | ||
| NET ASSETS | ||
| Common Shares, $0.001 par value (unlimited shares authorized; 209,034,336 and 185,782,408 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively) | 209 | 186 |
| Additional paid in capital | 5,380,186 | 4,701,827 |
| Distributable earnings (loss) | 320,272 | 250,028 |
| Total net assets | 5,700,667 | 4,952,041 |
| Total liabilities and net assets | $12,371,566 | $10,134,618 |
| NET ASSET VALUE PER SHARE | $27.27 | $26.66 |
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