Blackstone Secured Lending Fund Files Registration Statement for IPO

Blackstone Secured Lending Fund is expected to list its common shares on the New York Stock Exchange under the symbol › BXSL

By Lucky 33

Blackstone Secured Lending Fund Files Registration Statement for IPO

Blackstone Secured Lending Fund › BXSL › a business development company externally managed by Blackstone Credit BDC Advisors LLC, today filed a registration statement with the Securities & Exchange Commission › the SEC › relating to a proposed initial public offering of its common shares.

BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC & Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

Blackstone Secured Lending Fund › BXSL › is a specialty finance company that invests primarily in the debt of private U.S. companies that focuses primarily on making originated senior secured, floating rate loans to private U.S. companies, specifically small & middle market companies.

BXSL is externally managed by Blackstone Credit BDC Advisors LLC, an investment adviser within Blackstone Credit.

Blackstone hired two Wall Street veterans as partners & promoted another executive to work in its Blackstone Credit unit as fresh demand from institutional & retail investors made it the private equity firm's fastest-growing segment. 

In Las Vegas, skill combined with luck is the best way to come out ahead. That’s how private equity firm Blackstone hit the jackpot with a $5.7 billion deal to sell the Cosmopolitan casino. It caught a break when it bought the business seven years ago & is applying its know-how with some slick shuffling.

A day after it unveiled plans to operate The Cosmopolitan of Las Vegas, MGM Resorts International said it closed a sale-leaseback of two other towering hotels on the Strip — Aria, Vdara with the Cosmo’s seller, Blackstone, no less.

Blackstone Inc. › BX › together with its subsidiaries, is one of the world's leading investment firms with approximately $684 billion in assets, including its credit, real-estate & hedge fund businesses under management as of June 30, 2021.

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