Blackstone Secured Lending Fund (BXSL) Invested Capital (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Invested Capital came in at $13.5 billion in Q2 2026, up 0.72% on a YoY basis from $13.4 billion in Q2 2025, and down 4.66% quarter-over-quarter from $14.1 billion in Q1 2026.
Analysis
Blackstone Secured Lending Fund (BXSL) Invested Capital (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported Invested Capital for 6 consecutive years, with $13.5 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital rose 0.72% year-over-year to $13.5 billion; the trailing twelve-month figure through Jun 2026 stood at $13.5 billion (up 0.72% YoY), and the FY2025 full-year result was $14.3 billion, up 9.08% from the prior year.
- Invested Capital slipped to $13.5 billion in Q2 2026 per BXSL's latest filing, from $14.1 billion in the prior quarter.
- Across five years, Invested Capital topped out at $14.3 billion in Q4 2025 and bottomed at $9.3 billion in Q2 2023.
- Historically, Invested Capital has averaged $11.7 billion across 5 years, with a median of $11.8 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Invested Capital decreased 2.61% in 2022, then jumped 33.14% in 2024.
- Over 5 years, Invested Capital stood at $9.7 billion in 2022, then advanced by 1.83% to $9.9 billion in 2023, then surged by 33.14% to $13.1 billion in 2024, then advanced by 9.08% to $14.3 billion in 2025, then declined by 5.94% to $13.5 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $13.5 billion, $14.1 billion, and $14.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 29.66 Bn |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 13.47 Bn |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 14.94 Bn |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 5.70 Bn |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 14.70 Bn |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 4.61 Bn |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | 11.59 Bn |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | 8.24 Bn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | 1.65 Bn |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 2.84 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.47 Bn |
| Mar 31, 2026 | 14.13 Bn |
| Dec 31, 2025 | 14.33 Bn |
| Sep 30, 2025 | 13.93 Bn |
| Jun 30, 2025 | 13.38 Bn |
| Mar 31, 2025 | 13.62 Bn |
| Dec 31, 2024 | 13.13 Bn |
| Sep 30, 2024 | 12.09 Bn |
| Jun 30, 2024 | 11.48 Bn |
| Mar 31, 2024 | 10.43 Bn |
| Dec 31, 2023 | 9.86 Bn |
| Sep 30, 2023 | 9.56 Bn |
| Jun 30, 2023 | 9.33 Bn |
| Mar 31, 2023 | 9.64 Bn |
| Dec 31, 2022 | 9.69 Bn |
| Sep 30, 2022 | 9.68 Bn |
| Dec 31, 2021 | 9.95 Bn |