Company: BXSL
Filing Date: 2025-07-11
Form Type: 424B2
Source: 0001213900-25-063323
Chunk: 73

Company: Blackstone Secured Lending Fund
Filing Date: 2025-07-11
Form: 424B2
Chunk 73
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 Fee          |
| Registered Investment Companies     |     |               — |     | —              |     |         — |     | —              |     |              |
| Other Pooled Investment Vehicles(1) |     |               4 |     | $78.33 billion |     |         4 |     | $70.44 billion |     |              |
| Other Accounts                      |     |              10 |     | $7.74 billion  |     |         7 |     | $5.18 billion  |     |              |

______________________ (1)Includes management investment companies that have elected to be regulated as business development companies under the 1940 Act.

113 Compensation of the Portfolio Managers The Advisers’ financial arrangements with their portfolio managers, their competitive compensation and their career path emphasis at all levels reflect the value senior management places on key resources. Compensation may include a variety of components and may vary from year to year based on a number of factors. The principal components of compensation include a base salary and a discretionary bonus. Base Compensation.Generally, portfolio managers receive base compensation and employee benefits based on their individual seniority and/or their position with the Advisers. Discretionary Compensation.In addition to base compensation, portfolio managers may receive discretionary compensation. Discretionary compensation is based on individual seniority, contributions to the Advisers and performance of the client assets for which the portfolio manager has primary responsibility. The discretionary compensation is not based on a precise formula, benchmark or other metric. These compensation guidelines are structured to closely align the interests of employees with those of the Advisers and their clients. Investment Committee Investment opportunities and follow -oninvestments in existing portfolio companies will generally require the unanimous approval of the Investment Committee. The Investment Committee will meet regularly to consider our investments, direct our strategic initiatives and supervise the actions taken by the Advisers on our behalf. In addition, the Investment Committee reviews and determines whether to make prospective investments identified by the Advisers and monitors the performance of our investment portfolio. The day -to-daymanagement of investments approved by the Investment Committees will be overseen by investment personnel. All of the Investment Committee members have ownership and financial interests in, and may receive compensation and/or profit distributions from, the Advisers. None of the Investment Committee members receive any direct compensation from us. See “ Control Persons and Principal Shareholders” for additional information about equity interests held by certain of these individuals. Members of the Investment Committee Who Are Not Our Trustees or Executive Officers Michael Zawadzki