Blackstone Secured Lending Fund is a business development company focused on providing financial solutions to small and middle market private U.S. companies. It specializes in originating loans and investing in various securities, including first lien senior secured and unitranche loans, as well as second lien and equity investments. The fund aims to generate current income and, to a lesser extent, long-term capital appreciation for its investors. It operates as a regulated investment company for tax purposes, aiming to meet specific income and investment criteria.

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