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Compare · BXSL vs TTP

BXSL vs TTP

Side-by-side comparison of Blackstone Secured Lending Fund (BXSL) and Tortoise Pipeline & Energy Fund Inc. (TTP): market cap, price performance, sector, and recent activity on the wire.

Summary

  • Both BXSL and TTP operate in Trusts Except Educational Religious and Charitable (Finance), so they compete in similar markets.
  • BXSL is the larger of the two at $4.98B, about 85.3x TTP ($58.3M).
  • BXSL has hit the wire 2 times in the past 4 weeks while TTP has been quiet.
  • BXSL has more recent analyst coverage (25 ratings vs 0 for TTP).
MetricBXSLTTP
Company
Blackstone Secured Lending Fund
Tortoise Pipeline & Energy Fund Inc.
Price
$23.55-0.15%
$46.68-0.89%
Market cap
$4.98B
$58.3M
1M return
-3.28%
-
1Y return
-26.25%
-
Sector
Finance
Finance
Industry
Trusts Except Educational Religious and Charitable
Trusts Except Educational Religious and Charitable
Exchange
NYSE
NYSE
IPO
2021
2011
News (4w)
2
0
Recent ratings
25
0
BXSL

Blackstone Secured Lending Fund

Blackstone Secured Lending Fund (together with its consolidated subsidiaries, the “Company”), is a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment company. On October 26, 2018, the Company 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 Company elected to be treated for U.S. 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 Company also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The Company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Company seeks to achieve its investment objective primarily through originated loans and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities..

TTP

Tortoise Pipeline & Energy Fund Inc.

Tortoise Pipeline & Energy Fund, Inc. is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products. It employs a fundamental analysis with a bottom up stock picking approach with focus on factors like comparison of quantitative, qualitative, and relative value factors to create its portfolio. Tortoise Pipeline & Energy Fund, Inc. was formed on July 19, 2011 and is domiciled in the United States.

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