Company: BXSL
Filing Date: 2025-07-11
Form Type: 424B2
Source: 0001213900-25-063323
Chunk: 44

Company: Blackstone Secured Lending Fund
Filing Date: 2025-07-11
Form: 424B2
Chunk 44
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 a dedicated Blackstone Credit & Insurance research analyst, the results of which are available for the transaction team to review. Credit Analysis/Due Diligence.Before undertaking an investment, the investment team conducts a thorough and rigorous due diligence review of the opportunity to ensure the company fits our investment strategy for originated investments, which may include: •a full operational analysis to identify the key risks and opportunities of the target’s business, including a detailed review of historical and estimated financial results; •a detailed analysis of industry and customer dynamics, competitive position, regulatory, tax, legal, environmental, social and governance matters; •a detailed financial modeling and scenario analysis; •reference calls within the Blackstone network on the company and relevant industry outlook; •maintaining rigorous portfolio monitoring, in an attempt to anticipate and pre -emptnegative credit events within our portfolio; and •on -sitevisits and customer and supplier reference calls, if deemed necessary; •background checks to further evaluate management and other key personnel; •a review by legal and accounting professionals, environmental or other industry consultants, if necessary; •a review of financial sponsor due diligence, including portfolio company and lender reference checks, if necessary; and •a review of management’s experience and track record. Third parties are often involved in the Advisers’ due diligence process, whether they are hired by the Advisers or by the lead sponsor in a transaction. Utilizing consultants to help evaluate a business and test an investment thesis is typically very beneficial. When possible, the Advisers seek to structure transactions in such a way that our target companies are required to bear the costs of due diligence, including those costs related to any outside consulting work we may require. 11 The foregoing initial assessment is then followed by extensive credit analysis, including asset valuation, financial analysis, cash flow analysis and scenario analysis, legal and accounting review, and comparable credit and equity analyses. A thorough assessment of structure and leverage of a transaction and how the particular investment fits into the overall investment strategy of the portfolio is conducted. Blackstone Credit & Insurance’s typical investment process (including diligence) for an originated investment opportunity typically spans two to six months, from the initial screen through final approval and funding. Depending on the deal, each investment team typically consists of four to five investment professionals, consisting of a senior managing director, managing director, principal or vice president and associate and/or analyst. The Investment Committee utilizes a consensus -drivenapproach and includes long -tenuredprofessionals that have been with Blackstone Credit & Insurance on average of approximately 15 years