Blackstone Senior Floating Rate Term Fund (BSL)

Competitors to Blackstone Senior Floating Rate Term Fund (BSL)

Eagle Point Credit Company 

Eagle Point Credit Company (ECC) competes with Blackstone Senior Floating Rate Term Fund by offering similar investment strategies focused on senior secured loans and floating rate debt instruments. Both funds aim to provide attractive income opportunities to investors by investing in high-yielding assets, though ECC typically specializes in CLOs (Collateralized Loan Obligations). ECC's competitive edge lies in its expertise in the CLO market, which provides diversified exposure but can also introduce additional complexity and risk, meaning Blackstone may appeal more to investors seeking more straightforward senior loan exposure.

First Trust Senior Loan Fund

First Trust Senior Loan Fund (FTSL) competes with Blackstone's BSL by similarly focusing on senior loans, offering investors exposure to floating rate income. Both funds are attractive to individuals looking to hedge against rising interest rates while aiming for income stability. However, FTSL differentiates itself with a more standardized index-based approach to investing in senior loans, which may appeal to investors favoring passive management strategies. Meanwhile, BSL's active management by Blackstone might cater better to those seeking potentially higher returns through tactical asset allocation.

Invesco Senior Loan ETF 

Invesco Senior Loan ETF (BKLN) competes directly with Blackstone's BSL as both products invest primarily in floating rate senior loans. BKLN leverages a passive management model, which provides investors with a low-cost investment option while aiming to match the performance of the S&P/LSTA U.S. Leveraged Loan 100 Index. Blackstone offers an actively managed fund that allows for dynamic investment strategies which might provide enhanced returns but also comes with potentially higher fees, making BKLN more appealing for cost-conscious investors. BKLN's competitive advantage lies in its blend of liquidity and lower expense ratios.

KKR Income Opportunities Fund 

KKR Income Opportunities Fund competes with Blackstone BSL by targeting similar market segments, including floating rate loans and other high-yield debt instruments. Both funds focus on providing investors with an income-oriented investment strategy that offers potential capital appreciation and high current income. KKR leverages its extensive network and expertise in private equity and debt markets, thus providing opportunities for superior deal sourcing and management. This operational expertise gives KKR a competitive advantage in terms of investment selection and risk management.