The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.

BDC portfolio

Blackstone Secured Lending Fund

BDCBXSLCIK 1736035file 814-01299NEW YORK, NYmanaged by BLACKSTONE PRIVATE CREDIT STRATEGIES LLC
Fair value
$14B
as of Jun 30, 2026
Principal held
$14B
debt pieces, the filer's figure
Cost
$14B
97c on cost
Unfunded
$1.4B
commitments not yet drawn
Positions
1,050
362 borrowers
First lien
n/a
97% debt by fair value
Quarters on the tape
17
since Dec 31, 2021
Facilities held
576
46 sponsors financed
Portfolio through time
Fair value by quarter end$14B as of Jun 30, 2026
Dec 31, 2021$10B then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$14B36296c91528 bp
Mar 31, 2026$14B36497c84527 bp
Dec 31, 2025$15B36699c90533 bp
Sep 30, 2025$14B36299c82533 bp
Jun 30, 2025$13B34699c65535 bp
Mar 31, 2025$14B33199c67543 bp
Dec 31, 2024$26B32699c120552 bp
Sep 30, 2024$12B29499c37565 bp
Jun 30, 2024$12B27099c33578 bp
Mar 31, 2024$11B24799c29594 bp
Dec 31, 2023$10B23399c22598 bp
Sep 30, 2023$9.6B21899c25593 bp
Jun 30, 2023$9.4B20499c13593 bp
Mar 31, 2023$9.7B20699c15589 bp
Dec 31, 2022$9.7B20299c11593 bp
Sep 30, 2022$9.6B18799c4587 bp
Dec 31, 2021$10B164101c2591 bp

Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.

Sponsors financed
No borrower on this schedule has a sponsor attribution yet.

Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.

What changed
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Jun 30, 2026
1,050 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
Snoopy Bidco, Inc.delayed draw term loan lien unstated$365M$343M
94c
S+650 bp
PIK 5.50%
Jun 1, 2028
Guidehouse, Inc.unstated lien unstated$313M$303M
97c
S+475 bpDec 16, 2030
JSS Holdings, Inc.delayed draw term loan lien unstated$295M$295M
101c
S+500 bpNov 8, 2031
Auctane, Inc.unstated lien unstated$282M$277M
101c
S+575 bpJun 1, 2033
Cambium Learning Group, Inc.revolver lien unstated$282M$262M
93c
S+550 bpJul 20, 2028
Corfin Holdings, Inc.term loan lien unstated$261M$261M
100c
S+525 bpDec 27, 2027
Other Cash and Cash Equivalentsunstated lien unstatedn/a$260M
100c
Bazaarvoice, Inc.revolver lien unstated$238M$236M
99c
S+450 bpMay 7, 2029
Navigator Acquiror, Inc.delayed draw term loan lien unstated$270M$205M
76c
S+550 bp
PIK 4.00%
Jul 16, 2030
IRI Group Holdings, Inc.revolver lien unstated$197M$197M
101c
S+425 bpDec 3, 2029
Medallia, Inc.unstated lien unstated$393M$194M
51c
S+600 bpOct 29, 2028
Inovalon Holdings, Inc.delayed draw term loan lien unstated$188M$176M
95c
S+550 bp
PIK 2.75%
Nov 24, 2028
CustomInk, LLCunstated lien unstated$176M$176M
100c
S+598 bpMay 3, 2028
Genuine Cable Group, LLCunstated lien unstated$164M$163M
99c
S+525 bpMay 3, 2027
Integrity Marketing Acquisition, LLCunstated lien unstated$163M$163M
100c
S+500 bpAug 25, 2028
Chartwell Cumming Holding Corp.unstated lien unstated$159M$158M
101c
S+475 bpJun 16, 2033
Shelf Bidco, Ltd.unstated lien unstated$148M$148M
100c
S+518 bpOct 17, 2031
CFS Brands, LLCrevolver lien unstated$138M$138M
101c
S+525 bpOct 2, 2030
MannKind Corp.delayed draw term loan lien unstated$139M$136M
100c
S+475 bpAug 6, 2030
Beacon Dc, Ltd.unstated lien unstated$136M$134M
100c
S+475 bpDec 4, 2032
Mode Purchaser, Inc.unstated lien unstated$138M$124M
90c
S+625 bpDec 9, 2027
Jayhawk Buyer, LLCdelayed draw term loan lien unstated$126M$123M
98c
S+525 bpApr 15, 2028
SG Acquisition, Inc.revolver lien unstated$122M$122M
101c
S+475 bpApr 3, 2030
Dropbox, Inc.delayed draw term loan lien unstated$122M$121M
100c
S+492 bpDec 11, 2029
Teneo Holdings, LLCunstated lien unstated$116M$116M
101c
S+475 bpJul 29, 2032
IEM New Sub 2, LLCdelayed draw term loan lien unstated$114M$113M
100c
S+475 bpDec 3, 2031
Redwood Services Group, LLCdelayed draw term loan lien unstated$103M$103M
101c
S+525 bpJun 15, 2029
World Insurance Associates, LLCunstated lien unstated$98.4M$98.3M
101c
S+500 bpApr 3, 2030
Bayshore Intermediate #2, LPrevolver lien unstated$99.1M$96.7M
98c
S+550 bp
PIK 3.00%
Oct 2, 2028
Amerilife Holdings, LLCunstated lien unstated$96.5M$96.3M
100c
S+500 bpAug 31, 2029
Healthcomp Holding Company, LLCdelayed draw term loan lien unstated$102M$93.7M
92c
S+575 bpNov 8, 2029
MRI Software, LLCunstated lien unstated$89.3M$87.6M
98c
S+475 bpFeb 10, 2028
Tennessee Bidco, Limiteddelayed draw term loan lien unstated$85.9M$84.8M
100c
S+550 bp
PIK 2.00%
Jul 1, 2031
Lytx, Inc.unstated lien unstated$84.5M$84.5M
100c
S+500 bpFeb 28, 2028
NAVEX TopCo, Inc.unstated lien unstated$82.6M$81.6M
100c
S+500 bpOct 14, 2032
Barbri Holdings, Inc.unstated lien unstated$79.8M$78.2M
99c
S+475 bpApr 30, 2030
MAG DS Corp.unstated lien unstated$78.2M$78.2M
101c
S+550 bpApr 1, 2027
High Street Buyer, Inc.unstated lien unstated$77.4M$77.3M
101c
S+425 bpApr 14, 2028
Albireo Energy, LLCdelayed draw term loan lien unstated$76.1M$76.1M
100c
S+575 bpDec 23, 2029
Redwood Services Group, LLCdelayed draw term loan lien unstated$75.9M$75.9M
101c
S+525 bpJun 15, 2029
Jacuzzi Brands, LLCunstated lien unstated$77.9M$75.5M
97c
S+625 bpMay 25, 2028
Pavion Corp.delayed draw term loan lien unstated$75.0M$75.0M
101c
S+600 bpOct 30, 2030
Progress Residential PM Holdings, LLCdelayed draw term loan lien unstated$73.7M$72.7M
99c
S+475 bpSep 11, 2028
LD Lower Holdings, Inc.delayed draw term loan lien unstated$82.9M$72.5M
88c
S+750 bpAug 9, 2027
Mercury Bidco Globe, Limiteddelayed draw term loan lien unstated$54.6M$72.4M
106c
S+625 bpJan 31, 2031
Red Fox CD Acquisition Corp.delayed draw term loan lien unstated$72.9M$72.3M
101c
S+600 bpMar 4, 2030
Cronos Crimson Holdings, Inc.unstated lien unstated$71.2M$70.5M
100c
S+609 bpMar 1, 2028
Red River Technology, LLCdelayed draw term loan lien unstated$77.9M$70.3M
90c
S+600 bpNov 26, 2028
Spectrum Safety Solutions Purchaser, LLCunstated lien unstated$70.3M$70.3M
101c
S+450 bpJul 1, 2031
Unified Women's Healthcare, LPunstated lien unstated$70.0M$70.0M
101c
S+500 bpJun 18, 2029
Bimini Group Purchaser, Inc.revolver lien unstated$68.8M$68.1M
100c
S+475 bpApr 25, 2031
Creek Parent, Inc.revolver lien unstated$67.9M$66.9M
100c
S+500 bpDec 18, 2031
Brave Parent Holdings, Inc.revolver lien unstated$66.8M$65.3M
98c
S+450 bpNov 28, 2030
WPEngine, Inc.revolver lien unstated$66.7M$65.1M
99c
S+575 bpAug 14, 2029
GFT Infrastructure, Inc.revolver lien unstated$64.1M$63.8M
101c
S+450 bpAug 5, 2030
Jeppesen Holdings, LLCrevolver lien unstated$64.4M$63.7M
100c
S+475 bpNov 1, 2032
PT Intermediate Holdings III, LLCdelayed draw term loan lien unstated$63.5M$63.5M
100c
S+475 bpApr 9, 2030
Tennessee Bidco, Limiteddelayed draw term loan lien unstated$46.3M$60.6M
97c
S+550 bp
PIK 2.00%
Jul 1, 2031
Emergency Power Holdings, LLCdelayed draw term loan lien unstated$59.9M$59.9M
100c
S+475 bpAug 17, 2031
Crewline Buyer, Inc.revolver lien unstated$62.0M$59.9M
98c
S+675 bpNov 8, 2030
Trinity Air Consultants Holdings Corp.revolver lien unstated$59.3M$59.3M
101c
S+425 bpJun 29, 2029
Arnhem BidCo, GmbHdelayed draw term loan lien unstated$51.8M$59.1M
104c
S+450 bpSep 30, 2031
TRP Infrastructure Services, LLCdelayed draw term loan lien unstated$59.1M$58.7M
100c
S+550 bpJul 9, 2028
New ACI Holdings, LLCequity equityn/a$57.2M
100c
Artisan Acquisitionco, Ltd.delayed draw term loan lien unstated$57.2M$56.4M
100c
S+450 bpSep 30, 2031
Spitfire Parent, Inc.delayed draw term loan lien unstated$56.0M$56.0M
100c
S+550 bpMar 11, 2027
FusionSite Midco, LLCunstated lien unstated$57.2M$55.8M
98c
S+550 bpNov 17, 2029
Baker Tilly Advisory Group, LPunstated lien unstated$52.9M$52.9M
101c
S+475 bpJun 3, 2031
Seahawk Bidco, LLCunstated lien unstated$51.9M$51.7M
100c
S+500 bpDec 19, 2031
Fencing Supply Group Acquisition, LLCdelayed draw term loan lien unstated$54.1M$51.3M
95c
S+600 bpFeb 26, 2029
Caribou Bidco, Ltd.delayed draw term loan lien unstated$39.3M$50.8M
102c
S+500 bpFeb 2, 2029
US Oral Surgery Management Holdco, LLCunstated lien unstated$50.7M$50.7M
101c
S+525 bpNov 20, 2028
Diligent Corp.unstated lien unstated$49.7M$48.4M
98c
S+500 bpAug 2, 2030
Inception Fertility Ventures, LLCdelayed draw term loan lien unstated$48.3M$47.8M
99c
S+550 bpApr 29, 2030
Caerus US 1, Inc.revolver lien unstated$49.0M$47.5M
97c
S+500 bpMay 25, 2029
SI Swan UK Bidco, Ltd.delayed draw term loan lien unstated$47.5M$46.8M
99c
S+475 bpDec 16, 2032
Saber Power Services, LLCrevolver lien unstated$45.9M$45.9M
100c
S+500 bpOct 21, 2031
IG Investments Holdings, LLCrevolver lien unstated$45.7M$45.7M
101c
S+500 bpSep 22, 2028
Cadillac BidCo S.à r.l.unstated lien unstated$40.0M$45.3M
96c
S+475 bpFeb 27, 2033
Unified Women's Healthcare, LPunstated lien unstated$44.3M$44.3M
101c
S+500 bpJun 18, 2029
PDI TA Holdings, Inc.revolver lien unstated$47.4M$44.3M
94c
S+600 bp
PIK 2.50%
Feb 3, 2031
Eagle Midstream Canada Finance, Inc.unstated lien unstated$43.1M$43.1M
101c
S+525 bpAug 15, 2028
DTA Intermediate II, Ltd.revolver lien unstated$42.4M$42.4M
101c
S+550 bpMar 27, 2030
CB Nike Holdco, LLCunstated lien unstated$42.2M$42.2M
101c
S+735 bp
PIK 10.99%
Nov 26, 2029
Gatekeeper Systems, Inc.unstated lien unstated$43.8M$41.7M
96c
S+500 bpAug 28, 2030
Windows Acquisition Holdings, Inc.unstated lien unstated$52.8M$41.1M
78c
S+650 bpDec 29, 2026
Triple Lift, Inc.revolver lien unstated$46.5M$39.8M
86c
S+575 bpMay 5, 2028
Icefall Parent, Inc.revolver lien unstated$39.6M$39.6M
101c
S+450 bpJan 25, 2030
Zorro Bidco, Ltd.delayed draw term loan lien unstated$29.5M$38.7M
105c
S+465 bpAug 13, 2031
DCG Acquisition Corp.unstated lien unstated$39.7M$38.6M
98c
S+500 bpJun 13, 2031
Eden Acquisitionco, Ltd.delayed draw term loan lien unstated$38.4M$38.2M
101c
S+500 bpNov 18, 2030
TRP Infrastructure Services, LLCdelayed draw term loan lien unstated$37.9M$37.6M
100c
S+550 bpJul 9, 2028
Signant Finance One, Ltd.unstated lien unstated$37.7M$37.5M
100c
S+500 bpOct 16, 2031
Denali Bidco, Ltd.delayed draw term loan lien unstated$32.9M$37.2M
98c
S+475 bpSep 5, 2031
US Oral Surgery Management Holdco, LLCunstated lien unstated$37.0M$37.0M
101c
S+525 bpNov 18, 2028
Continental Buyer, Inc.unstated lien unstated$36.8M$36.7M
101c
S+475 bpApr 2, 2031
Azurite Intermediate Holdings, Inc.revolver lien unstated$36.8M$35.2M
97c
S+600 bpMar 19, 2031
JS Parent, Inc.revolver lien unstated$35.0M$35.0M
100c
S+475 bpApr 24, 2031
Gimlet Bidco, GmbHdelayed draw term loan lien unstated$30.6M$35.0M
109c
S+500 bpApr 23, 2031
Speedster Bidco, GmbHrevolver lien unstated$50.2M$34.9M
99c
S+550 bpNov 13, 2032
Page 1 of 11Next
Registration
Fiscal year end
1231reported
Incorporated
DEreported
On the SEC BDC report
2019 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Former names
Blackstone / GSO Secured Lending Fundreported
Latest schedule
0001736035-26-000016reported