Ticker

Blackstone Secured Lending Fund is trading at its steepest discount to NAV in years. We take a deep look under the hood to see if the market is justified in pricing it at a big discount to NAV. We look at some of BXSL's biggest question marks, including the sustainability of its huge 13.3%-yielding dividend.

I have gathered 20 BDC short interest statistics. What I found out surprised me - i.e., my top (quality) BDC picks are among the most shorted ones. In the article I've unpacked this situation and explained the potential drivers from the short sellers' perspective.

Rates are stuck, and most high-yield investors are positioned all wrong. I provide a detailed sector-by-sector breakdown of exactly where smart money is moving right now, including specific blue-chip picks trading at deep discounts. I also detail my disciplined capital recycling approach to accelerate my income and total return compounding in the current environment.

Blackstone Secured Lending Fund (BXSL) is transitioning from peak earnings to a normalized environment, with earnings and portfolio yields declining but credit quality remaining strong. BXSL trades at a ~15% discount to NAV, reflecting market concerns about rate normalization and macro risks, though actual credit deterioration is not yet evident. With ~98% first-lien loans and ~50% LTV, BXSL's downside risk appears…

Blackstone Secured Lending Fund is downgraded to hold as earnings stagnate, NAV declines, and dividend coverage thins despite a record discount to NAV. BXSL's portfolio is heavily weighted toward first lien debt, but its 21% software exposure poses risk amid sector headwinds and AI-driven disruption. Net investment income covers the 13.3% dividend yield, but coverage is shrinking, and increased PIK income signals…