# About 20% of Blackstone Secured Lending Fund's portfolio was in software companies at the end of March.

*business · news · 2026-05-07 · Reuters*

## Key points

- About 20% of Blackstone Secured Lending Fund's portfolio is currently in software companies.
- Almost half of Blackstone's quarterly loan markdowns were from two software names that became non-accruing.
- Blackstone plans to inject new capital into Medallia to restructure and add AI features.
- BlackRock TCP recorded $32.7 million in net realized losses tied to troubled software companies including Pluralsight.
- BlackRock TCP has repurchased over 156,000 shares for $600,000 since April 1 under its buyback plan.

**Companies:** Blackstone, BlackRock, Medallia, Pluralsight
**Countries:** United States

[Read the full story on Reuters](https://www.reuters.com/legal/transactional/blackrock-cut-private-credit-funds-value-by-5-first-quarter-2026-05-07/)

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