12 Cheap New Stocks to Buy Now

9. Blackstone Secured Lending Fund (NYSE:BXSL)

Blackstone Secured Lending Fund (NYSE:BXSL) is one of the cheap new stocks to buy now. On February 25, Blackstone Secured Lending Fund reported results for Q4 and the full-year 2025, characterized by resilient earnings and active capital deployment. Net investment income for the quarter reached $0.80 per share, representing an 11.8% annualized return on equity and providing 104% coverage for the $0.77 per share dividend.

For the full year, BXSL delivered a 9.6% net return, outperforming the leveraged loan market by 360 basis points. Management emphasized that the fund’s low-cost structure and focus on high-quality, first-lien loans (which comprise the vast majority of the portfolio) continue to drive durable performance despite broader market volatility. Portfolio fundamentals remained healthy, with companies in the top 90% of the portfolio growing EBITDA by 9% over the past twelve months and maintaining interest coverage above two times.

While Net Asset Value per share saw a slight decrease to $26.92 due to unrealized losses, non-accruals remained very low at 0.5% of fair market value. The quarter was one of the most active for the fund, featuring $1 billion in new funding across 13 new credits and 15 add-ons. Notable investments included sectors such as life sciences and AI infrastructure, with a specific focus on AI-protected software verticals like ERP and data management. For 2026, Blackstone Secured Lending Fund (NYSE:BXSL) maintains a constructive outlook supported by a strong balance sheet and $2.5 billion in total liquidity.

Blackstone Secured Lending Fund (NYSE:BXSL) is a business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment fund.