Blackstone Secured Lending Fund Q1 Earnings Call Highlights
Key takeaways
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- Marshall said BXSL generated a total net return of more than 70 basis points during the quarter, deployed $325 million of new capital and saw nearly $450 million of repayments.
- Chief Financial Officer Teddy Desloge said BXSL’s $0.77 per-share net investment income represented 100% coverage of the dividend on a per-share basis.
Blackstone Secured Lending Fund Q1 Earnings Call Highlights Market Beat Sun, May 10, 2026 at 12:12 AM GMT+7 7 min read BXSL ^GSPC Blackstone Secured Lending Fund logo Top 3 Business Development Companies for Double-Digit Dividends
Blackstone Secured Lending Fund (NYSE:BXSL) reported first-quarter 2026 net investment income of $179 million, or $0.77 per share, fully covering its quarterly dividend, as management emphasized the resilience of its senior secured lending portfolio amid market volatility and rising non-accruals.
Co-Chief Executive Officer Brad Marshall said the quarter unfolded against “an uncertain backdrop across asset classes,” citing negative returns for the S&P 500, investment-grade credit, high yield and broadly syndicated loans. He said leveraged loan spreads widened by roughly 50 basis points during the quarter, while private credit continued to see demand from borrowers, with more than 80% of leveraged buyout financings through the quarter choosing private lenders.