← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Blackstone Secured Lending Fund had lower FY2025 net income, higher dividends, higher debt, and cluster insider buying.
The read at a glance✓ Audited against SEC data
- Business mix — Externally managed BDCNote
- Portfolio focus — Senior secured loansNote
- Net income — $563.5M, -18.8%Watch
- Cash from ops — -$458.7M, improvedNote
- Debt — $8.08B, +14.5%Watch
- Insiders — 5 purchases / 0 salesOK
- Accounting — BDC screen unavailableNote
Business
Blackstone Secured Lending Fund is an externally managed, non-diversified, closed-end investment company that has elected BDC and RIC status.
Leadership changes
From Blackstone Secured Lending Fund's own filings, the day they're filed.
- Jonathan Bock · Chief Executive Officer · departureeff. 2026-07-20
- Katherine Rubenstein · Chief Operating Officer · departureeff. 2026-06-15
- Blackstone Secured Lending Fund · Chief Operating Officer · departureeff. 2026-06-15
Latest filings
- 8-K · Company announcement2026-08-12
- 8-K · Company announcement2026-08-06
- 10-Q · Quarterly report2026-08-06
- 8-K · Company announcement2026-07-24
- DEF 14A · Annual proxy (pay & governance)2026-06-29
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Main tension🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Blackstone Secured Lending Fund, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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