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Compare · BXSL vs NEV

BXSL vs NEV

Side-by-side comparison of Blackstone Secured Lending Fund (BXSL) and Nuveen Enhanced Municipal Value Fund (NEV): market cap, price performance, sector, and recent activity on the wire.

Summary

  • Both BXSL and NEV 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 13.9x NEV ($358.9M).
  • BXSL has hit the wire 2 times in the past 4 weeks while NEV has been quiet.
  • BXSL has more recent analyst coverage (25 ratings vs 0 for NEV).
MetricBXSLNEV
Company
Blackstone Secured Lending Fund
Nuveen Enhanced Municipal Value Fund
Price
-
-
Market cap
$4.98B
$358.9M
1M return
-4.00%
-
1Y return
-26.80%
-
Industry
Trusts Except Educational Religious and Charitable
Trusts Except Educational Religious and Charitable
Exchange
NYSE
NYSE
IPO
2021
2009
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..

NEV

Nuveen Enhanced Municipal Value Fund

Nuveen Enhanced Municipal Value Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes. It seeks to invest in investment grade securities with an average maturity of around 23.00 years. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor's (S&P) National Municipal Bond Index. Nuveen Dividend Advantage Municipal Fund 3 was formed on July 27, 2009 and is domiciled in the United States.

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