Blackstone Secured Lending Fund (BXSL) Total Debt (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Total Debt came in at $7.5 billion in Q2 2026, up 6.28% on a YoY basis from $7.1 billion in Q2 2025, and down 6.2% quarter-over-quarter from $8.0 billion in Q1 2026.
Analysis
Blackstone Secured Lending Fund (BXSL) Total Debt (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported Total Debt for 6 consecutive years, with $7.5 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Total Debt rose 6.28% year-over-year to $7.5 billion; the trailing twelve-month figure through Jun 2026 stood at $7.5 billion (up 6.28% YoY), and the FY2025 full-year result was $8.1 billion, up 14.51% from the prior year.
- Total Debt fell to $7.5 billion in Q2 2026 per BXSL's latest filing, from $8.0 billion in the prior quarter.
- Across five years, Total Debt topped out at $8.1 billion in Q4 2025 and bottomed at $4.9 billion in Q4 2023.
- Historically, Total Debt has averaged $6.4 billion across 5 years, with a median of $6.2 billion in 2024.
- The sharpest annual moves came in 2023 and 2024: Total Debt decreased 11.14% in 2023, then jumped 43.65% in 2024.
- Over 5 years, Total Debt stood at $5.5 billion in 2022, then slipped by 11.14% to $4.9 billion in 2023, then jumped by 43.65% to $7.1 billion in 2024, then advanced by 14.51% to $8.1 billion in 2025, then fell by 6.73% to $7.5 billion in 2026.
- According to Business Quant data, Total Debt over the past three periods registered $7.5 billion, $8.0 billion, and $8.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - | 15.77 Bn |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 7.54 Bn |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - | 7.90 Bn |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - | 2.53 Bn |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - | 7.16 Bn |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - | 2.34 Bn |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - | 6.47 Bn |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - | 4.54 Bn |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - | 636.61 Mn |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.02 Bn | - | 1.74 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.54 Bn |
| Mar 31, 2026 | 8.03 Bn |
| Dec 31, 2025 | 8.08 Bn |
| Sep 30, 2025 | 7.66 Bn |
| Jun 30, 2025 | 7.09 Bn |
| Mar 31, 2025 | 7.38 Bn |
| Dec 31, 2024 | 7.06 Bn |
| Sep 30, 2024 | 6.39 Bn |
| Jun 30, 2024 | 6.08 Bn |
| Mar 31, 2024 | 5.27 Bn |
| Dec 31, 2023 | 4.91 Bn |
| Sep 30, 2023 | 4.96 Bn |
| Jun 30, 2023 | 4.98 Bn |
| Mar 31, 2023 | 5.45 Bn |
| Dec 31, 2022 | 5.53 Bn |
| Sep 30, 2022 | 5.51 Bn |
| Dec 31, 2021 | 5.50 Bn |