Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26 2018 and structured as an externally managed nondiversified closedend investment Fund On October 26 2018 the fund elected to be regulated as a business development company BDC under the Investment Company Act of 1940 as amended the 1940 Act In addition the Fund elected to be treated for US federal income tax purposes as a regulated investment company RIC as defined under Subchapter M of the Internal Revenue Code of 1986 as amended the Code The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC The funds investment objectives are to generate current income and to a lesser extent longterm capital appreciation The Fund seeks to achieve its investment objective primarily through originated loans equity and other securities including syndicated loans of private US companies specifically small and middle market companies typically in the form of first lien senior secured and unitranche loans including first outlast out loans and to a lesser extent second lien third lien unsecured and subordinated loans and other debt and equity securities