PRA Group vs Blackstone Strategic Credit 2027 Term Fund

This page compares PRA Group Inc and Blackstone Strategic Credit 2027 Term Fund, outlining their business models, financial performance, and market context in a neutral, accessible way. Educational content, not financial advice.

About The Companies

PRA Group (PRAA)

PRA Group Inc (PRAA) is a specialist buyer and collector of non-performing consumer debt. The company purchases portfolios of charged-off loans at a discount and seeks to recover more than the purchase price through collections, settlements and legal recoveries. PRA operates primarily in the US with international operations that provide geographic diversification. Key things for investors to know include sensitivity to consumer credit cycles, regulatory and legal risk in multiple jurisdictions, and the importance of recovery rates, portfolio pricing and cost control to profitability. With a market capitalisation around $548.20M, PRAA is a smaller-cap financial-services company where cash flow visibility and reserve management often drive valuation. Performance can be volatile: collections fluctuate with economic conditions and regulatory change. This summary is general educational information, not personal advice; values can fall as well as rise and past performance is not a guide to future returns.

Blackstone Strategic Credit 2027 Term Fund (BGB)

Blackstone Strategic Credit 2027 Term Fund (ticker: BGB) is a listed term fund managed by Blackstone that invests in a diversified mix of credit assets — including corporate loans, bonds and selective structured credit — with the portfolio intended to be wound up around 2027. As a term fund, it aims to deliver income and capital realisation over a defined timeframe rather than operate indefinitely. Investors should note the fund may use leverage to enhance yields, and returns depend on credit performance, interest rates and the manager’s active positioning. BGB’s market capitalisation is modest, which can affect liquidity. This summary is educational and not investment advice: the value of credit investments and any income can fall as well as rise, and capital may not be returned by the wind-up date. Consider whether a credit-focused term fund fits your risk tolerance, investment horizon and need for liquidity before taking a position.

Comparison Snapshot

Key Financial Metrics

PRAA

Metric

BGB

$702.67M

Market Cap

$530.17M

25.86%

Potential Profit

N/A

Buy

Analyst Rating

N/A

Which Baskets Do They Appear In?

Phoenixes

These remarkable companies have risen from the ashes of bankruptcy or severe financial distress. Our analysts have carefully selected businesses that emerged stronger, leaner, and ready for their second act of growth after successful restructuring.

Published: June 17, 2025

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Which Baskets Do They Appear In?

Phoenixes

Published: June 17, 2025

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Investment Analysis

PRA Group

PRAA

Pros

PRA Group operates in the niche debt collection and receivables management market with strong expertise and established client relationships.
The company has shown consistent profitability and cash flow generation, supporting dividend payments and reinvestment.
PRA Group benefits from diversified geographic presence, reducing reliance on any single regional economy.

Considerations

The debt collection industry is highly sensitive to regulatory changes, which could impose operational constraints or increased compliance costs.
Economic downturns or changes in consumer credit behaviour could negatively impact collections and recovery rates.
PRA Group faces reputational risks inherent in the debt collection sector, potentially affecting client trust and regulatory scrutiny.

Blackstone Strategic Credit 2027 Term Fund

BGB

Pros

Blackstone Strategic Credit 2027 Term Fund offers an attractive dividend yield of approximately 8.9%, appealing to income-focused investors.
The fund employs a research-driven credit analysis approach to select diversified fixed income instruments, managing risk prudently.
It invests in a range of secured loans and high-yield bonds across diversified sectors, providing portfolio diversification.

Considerations

The fund currently trades at a discount of around 4.9% to its NAV, reflecting possible market concerns or liquidity issues.
As a closed-end fund with a term structure ending in 2027, liquidity may be limited and capital return timing is predetermined.
Its performance is exposed to credit market volatility and potential defaults in high-yield and leveraged loan sectors.

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Comparison Snapshot

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Investment Analysis

PRA Group

Pros

Considerations

Blackstone Strategic Credit 2027 Term Fund

Pros

Considerations

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Frequently asked questions

About The Companies

Comparison Snapshot

PRA Group vs Blackstone Strategic Credit 2027 Term Fund

About The Companies

Comparison Snapshot

Which Baskets Do They Appear In?

Phoenixes

Which Baskets Do They Appear In?

Phoenixes

Investment Analysis

PRA Group

Pros

Considerations

Blackstone Strategic Credit 2027 Term Fund

Pros

Considerations

Why invest with Nemo?

Zero Commission

Trusted & Regulated

6% Interest on Cash

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Frequently asked questions

What is the basic difference between PRA Group and Blackstone Strategic Credit 2027 Term Fund in terms of business model?

How does the investment strategy differ for these two stocks/funds?

What role do dividends play in evaluating these two assets?

What does the stated yield imply for risk and return in the Blackstone fund?

How might regulatory or reputational factors influence PRA Group’s performance?

What are the liquidity considerations for each asset?

How do macroeconomic conditions affect these two assets differently?

Why might PRA Group and the Blackstone fund react differently to a rising interest rate environment?

What practical steps should a beginner take to compare these two assets on a page like this?

How should one interpret the ‘pros and cons’ lists when evaluating these assets?

What does ‘NAV discount’ mean in the context of the Blackstone fund?

About The Companies

Comparison Snapshot