Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 159

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 159
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 purchase) of $3.4 million.

Note 4. Investments

The composition of the Company’s investment portfolio at cost and fair value was as follows:December 31, 2024December 31, 2023CostFair Value% of Total Investments at Fair ValueCostFair Value% of Total Investments at Fair ValueFirst lien debt$12,959,332 $12,830,389 98.0 %$9,817,402 $9,722,061 98.5 %Second lien debt122,634 119,184 0.9 43,347 41,515 0.4 Unsecured debt33,644 33,521 0.3 9,930 9,924 0.1 Equity77,609 109,424 0.8 63,480 94,940 1.0 Total$13,193,219 $13,092,518 100.0 %$9,934,159 $9,868,440 100.0 %

The industry composition of investments at fair value was as follows:December 31, 2024December 31, 2023Aerospace & Defense4.4 %5.2 %Air Freight & Logistics3.0 4.2 Auto Components (1)0.0 — Building Products2.4 3.2 Chemicals0.3 0.1 Commercial Services & Supplies7.7 7.8 Construction & Engineering0.8 0.5 Containers & Packaging0.2 0.2 Distributors3.1 5.7 Diversified Consumer Services4.6 3.9 Diversified Telecommunication Services1.0 1.4 Electric Utilities1.1 0.6 Electrical Equipment0.8 1.1 Electronic Equipment, Instruments & Components1.9 1.3 Energy Equipment & Services0.2 0.4 Financial Services0.3 1.4 Ground Transportation0.2 0.2 Health Care Equipment & Supplies0.7 0.6 Health Care Providers & Services9.2 10.7 Health Care Technology5.0 5.1 Industrial Conglomerates— 0.1 Insurance7.4 5.4 Interactive Media & Services0