BXSL Blackstone Secured Lending Fund

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102) 

Information to be Included in Statements Filed Pursuant to § 240.13d-1(b), (c) and (d) and

Amendments Thereto Filed Pursuant to § 240.13d-2 

Under the Securities Exchange Act of 1934

(Amendment No. 1 )*

Blackstone Secured Lending Fund

(Name of Issuer)

Common Shares of Beneficial Interest, $0.001 par value per share

(Title of Class of Securities)

09261X102

(CUSIP Number)

December 31, 2023

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this schedule is filed:

 

[ ]	Rule 13d-1(b)

 

[X]	Rule 13d-1(c)

 

[ ]	Rule 13d-1(d)

 

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

CUSIP No. 09261X102

13GA

Page 2 of 8

 

1	NAMES OF REPORTING PERSONS   Greenwich Venture Capital LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)			(a) [ ] (b) [ ]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION		Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER	0
	6	SHARED VOTING POWER	12,595,999
	7	SOLE DISPOSITIVE POWER	0
	8	SHARED DISPOSITIVE POWER	12,595,999
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON		12,595,999
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)		[   ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9		6.9%1
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)		OO

 

 

1	Based on a total of 183,151,849 Common Shares of Beneficial Interest, $0.001 par value per share (the “Common Shares”) outstanding as of November 30, 2023, as reported in Blackstone Secured Lending Fund’s prospectus supplement filed with the SEC on December 1, 2023 (the “Prospectus Supplement”).

 

 

 

CUSIP No. 09261X102

13GA

Page 3 of 8

 

1	NAMES OF REPORTING PERSONS   Locust Street Associates GP, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)			(a) [ ] (b) [ ]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION		Pennsylvania
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER	0
	6	SHARED VOTING POWER	12,595,999
	7	SOLE DISPOSITIVE POWER	0
	8	SHARED DISPOSITIVE POWER	12,595,999
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON		12,595,999
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)		[   ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9		6.9%1
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)		OO

 

 

1	Based on a total of 183,151,849 Common Shares outstanding as of November 30, 2023, as reported in the Prospectus Supplement.

 

 

 

CUSIP No. 09261X102

13GA

Page 4 of 8

 

1	NAMES OF REPORTING PERSONS   Michael Karp
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)			(a) [ ] (b) [ ]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION		United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER	3,275,976
	6	SHARED VOTING POWER	12,595,999
	7	SOLE DISPOSITIVE POWER	3,275,976
	8	SHARED DISPOSITIVE POWER	12,595,999
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON		15,871,975
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)		[   ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9		8.7%1
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)		OO

 

 

1	Based on a total of 183,151,849 Common Shares outstanding as of November 30, 2023, as reported in the Prospectus Supplement.

 

 

 

CUSIP No. 09261X102

13GA

Page 5 of 8

 

ITEM 1.

(a) Name of Issuer:

Blackstone Secured Lending Fund (the “Issuer”)

(b) Address of Issuer’s Principal Executive Offices:

 

345 Park Avenue

31^st Floor

New York, New York 10154

 

ITEM 2.

(a) Name of Persons Filing:

This Schedule 13G is being filed jointly by Greenwich Venture Capital LLC (“Greenwich Venture”), Locust Street Associates GP, LLC (“Locust Street”) and Michael Karp (collectively with Locust Street and Greenwich Venture, the “Reporting Persons”), pursuant to a Joint Filing Agreement attached as Exhibit 1 to the Schedule 13G relating to the Common Shares (as defined below) filed by the Reporting Persons with the SEC on July 3, 2023 (and incorporated herein by reference) in accordance with Rule 13d-1(k)(1) under the Act.

 

12,595,999 of the Common Shares reported herein are held directly by Greenwich Venture. Locust Street is the sole member of Greenwich Venture. Mr. Karp is the sole member of Locust Street. Locust Street and Mr. Karp may be deemed to beneficially own the Common Shares held directly by Greenwich Venture.

(b) Address of Principal Business Office or, if none, Residence:

 

The business address of each of the Reporting Persons is: 1062 Lancaster Avenue, Suite 30B, Bryn Mawr, PA 19010

(c) Citizenship:

Greenwich Venture is organized in Delaware

Locust Street is organized in Pennsylvania

Mr. Karp is a citizen of the United States

(d) Title of Class of Securities:

Common Shares of Beneficial Interest, $0.001 par value per share (the “Common Shares”)

(e) CUSIP Number:

09261X102

 

ITEM 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

NOT APPLICABLE

 

 

 

CUSIP No. 09261X102

13GA

Page 6 of 8

 

ITEM 4.

OWNERSHIP

(a) AMOUNT BENEFICIALLY OWNED:

See responses to Item 9 on each cover page.

(b) PERCENT OF CLASS:

See responses to Item 11 on each cover page.

(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE

See responses to Item 5 on each cover page.

(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE

See responses to Item 6 on each cover page.

(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF

See responses to Item 7 on each cover page.

(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF

See responses to Item 8 on each cover page.

 

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

 

ITEM 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

NOT APPLICABLE

 

ITEM 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

NOT APPLICABLE

 

ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

NOT APPLICABLE

 

ITEM 9.

NOTICE OF DISSOLUTION OF GROUP.

NOT APPLICABLE

 

 

 

CUSIP No. 09261X102

13GA

Page 7 of 8

 

ITEM 10.

CERTIFICATION

By signing below each of the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. 

 

 

 

CUSIP No. 09261X102

13GA

Page 8 of 8

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2024

 

	Greenwich Venture Capital LLC
	By:	/s/ Michael Karp
	Name:	Michael Karp
	Title:	President

 

	Locust Street Associates GP, LLC
	By:	/s/ Michael Karp
	Name:	Michael Karp
	Title:	President

 

	Michael Karp
	By:	/s/ Michael Karp
		Michael Karp

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