• Blackstone Secured Lending Fund average return on tangible equity for 2024 was 13.33, a 8.55% decline from 2023.
• Blackstone Secured Lending Fund average return on tangible equity for 2023 was 12.28, a 5.47% increase from 2022.
• Blackstone Secured Lending Fund average return on tangible equity for 2022 was 12.99, a 68.68% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.