Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end, diversified term fund sponsored by Blackstone Inc. Launched in mid-2020, the fund is designed to provide investors with exposure to senior floating‐rate loans and other floating‐rate debt instruments. Structured with a fixed termination date in 2027, BSL aims to deliver regular, quarterly distributions while preserving capital through investments in senior secured credits.
The fund’s primary investment strategy focuses on senior secured loans and floating-rate debt issued by corporations across a broad range of industries, including healthcare, industrials, consumer services, and technology. By targeting loans with floating interest rates, BSL seeks to help investors mitigate interest-rate risk in rising rate environments. The fund emphasizes credit quality and collateral protection, typically investing in loans that are secured by company assets and occupy a senior position in the borrower’s capital structure.
BSL is managed by Blackstone Credit, one of the world’s largest credit investors with a global platform covering private and public credit markets. Blackstone Credit draws on a deep bench of analysts, portfolio managers, and risk specialists who conduct rigorous due diligence and portfolio monitoring. The fund benefits from Blackstone’s extensive network and its proprietary research resources, which help identify attractive opportunities and manage downside risk.
With its term structure set to conclude in 2027, Blackstone Senior Floating Rate 2027 Term Fund provides investors with a defined investment horizon and the prospect of capital return upon liquidation. The fund primarily invests in North American credits but retains the flexibility to consider select opportunities in developed markets abroad. Through its disciplined approach and professional management, BSL seeks to offer income-oriented investors a stable source of floating-rate income coupled with the potential for capital preservation.
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