Blackstone BDC Goes Liquid

This week, Blackstone Secured Lending Fund ($BXSL), the fourth largest Business Development Company, completed its tiered liquidity event.

Despite being distributed through wirehouse channels prior to the IPO, BXSL has not been immune from the volatility we've come to associate with multi-part listings.

With selling restrictions lifted, we will be watching BXSL closely to see where the market values its pristine portfolio.

Source: Cox Capital Partners, SEC Filings, Interactive Brokers.