Blackstone's BDC (BXSL.US) reported a 94% plunge in profits for the second quarter, while loan quality has stabilized, offering a glimmer of hope in the dark.

The Zhitong Finance APP has learned that Blackstone Secured Lending Fund (BXSL.US), a publicly traded private credit fund under the Blackstone Group, announced its second-quarter financial report on Thursday. Due to the decline in asset valuations, the net profit in the second quarter plummeted by 94%, but the loan quality showed signs of stabilization.