Blackstone Secured Lending: Portfolio Resilience And Excess Capital Make This BDC Attractive

  • BXSL maintains strong fundamentals, with low non-accruals and a resilient, diversified portfolio, supporting my continued buy rating, despite a higher premium to NAV. The company's large cash position and focus on software, healthcare, and professional services position it well for future growth and new investment opportunities. Dividend yield remains attractive at 9.7%, with net investment income providing solid coverage and consistency, making distributions sustainable for the foreseeable future.