Blackstone Secured Lending Fund (BXSL) Enterprise Value (2021 - 2026)
Blackstone Secured Lending Fund posted quarterly Enterprise Value of -$351.3 million for Q1 2026, up 63.6% year-on-year from -$214.7 million in Q1 2025, and down 21.29% on a QoQ basis from -$289.6 million in Q4 2025.
Blackstone Secured Lending Fund (BXSL) has 6 years of Enterprise Value data on file, last reported at -$351.3 million in Q1 2026.
- For the quarter ending Q1 2026, Enterprise Value rose 63.6% year-over-year to -$351.3 million; the trailing twelve-month figure through Mar 2026 stood at -$351.3 million (up 63.6% YoY), and the FY2025 full-year result was -$289.6 million, down 26.13% from the prior year.
- Enterprise Value for Q1 2026 stood at -$351.3 million, down from -$289.6 million in the prior quarter.
- Across five years, Enterprise Value topped out at -$103.0 million in Q1 2023 and bottomed at -$965.0 million in Q1 2025.
- The 5-year median for Enterprise Value is -$207.3 million (2024), against an average of -$254.7 million.
- The widest annual swing landed in 2025, when Enterprise Value slumped 553.55%; it then soared 63.6% in 2026.
- A 5-year view of Enterprise Value shows it stood at -$131.3 million in 2022, then dropped by 17.97% to -$154.9 million in 2023, then slumped by 48.27% to -$229.6 million in 2024, then slipped by 26.13% to -$289.6 million in 2025, then slipped by 21.29% to -$351.3 million in 2026.
- The last three Enterprise Value figures came in at -$351.3 million (Q1 2026), -$289.6 million (Q4 2025), and -$249.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | -9.62 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | -1.05 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 47.51 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 339.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 18.73 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | -8.49 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | -128.00 Mn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 3.37 Bn |
| 10 | Blackstone Secured Lending Fund | 5.56 Bn | 5.21 Bn | - | -351.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -351.28 Mn |
| Dec 31, 2025 | -289.61 Mn |
| Sep 30, 2025 | -249.89 Mn |
| Jun 30, 2025 | -273.68 Mn |
| Mar 31, 2025 | -965.01 Mn |
| Dec 31, 2024 | -229.61 Mn |
| Sep 30, 2024 | -207.35 Mn |
| Jun 30, 2024 | -293.31 Mn |
| Mar 31, 2024 | -147.66 Mn |
| Dec 31, 2023 | -154.86 Mn |
| Sep 30, 2023 | -145.78 Mn |
| Jun 30, 2023 | -147.38 Mn |
| Mar 31, 2023 | -103.03 Mn |
| Dec 31, 2022 | -131.27 Mn |
| Sep 30, 2022 | -131.19 Mn |
| Dec 31, 2021 | -102.88 Mn |