Blackstone Secured Lending Fund Income Falls in Q1 2026
The business development company reported net investment income of $178.9 million for the first quarter as unrealized losses increased to $154.9 million. Portfolio repayments outpaced new investments during the period while net asset value per share declined to $26.26 from $26.92 at year-end.
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BLACKSTONE INC reported its secured lending fund's net investment income fell 5.2% to $178.9 million during the first quarter. Blackstone Secured Lending's investment portfolio contracted as $450.9 million in repayments outpaced $324.8 million in new deployments. Rising unrealized losses and a widening discount to cost signal tightening conditions for private credit valuations.
