BXSL and MSDL

Hey there. The Blackstone Secured Lending Fund is a fund that typically issues loans to private companies. In effect, it is a private credit fund. It is a solid fund, but you need to know the risks. I imagine you are attracted to it on a yield basis, but that yield is high because the loans are issued at a higher rate of interest because with them being to smaller, private corporations, they're ultimately riskier.

MSDL is much the same. Same concept, a lot smaller.

I know the Blackstone fund utilizes leverage as well. I couldn't find any data about the Morgan Stanley funds though. This amplifies risk, especially in downturns.

Overall, you need to have a look and research the private credit market to understand if it fits within your risk tolerance. Ultimately, I cannot decide that for you. These are pretty solid options IF you understand and accept the risks that come with private credit. Prime example, BXSL fell by nearly 40% during the 2022 bear market. Far more than any major US and Canadian index.