business / news / / Reuters
About 20% of Blackstone Secured Lending Fund's portfolio was in software companies at the end of March.
About 20% of Blackstone Secured Lending Fund's portfolio is currently in software companies.
KEY POINTS
- 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
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