NEW
YORK, Nov. 15, 2024 /PRNewswire/ -- Blackstone
Liquid Credit Strategies LLC, an affiliate of Blackstone
Alternative Credit Advisors LP (collectively, and together with
their affiliates in the credit, asset-based finance, and insurance
asset management business unit of Blackstone Inc., "Blackstone
Credit & Insurance" or "BXCI"), announced certain changes in
Trustee and Officer positions, as well as the Portfolio Management
team, for the three listed closed-end funds it advises, Blackstone
Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone
Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic
Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the
"Funds").
Effective November 15, 2024,
Robert Zable resigned from his positions as Trustee and
Chairman of the Boards of Trustees (the "Board") and as President
and Chief Executive Officer of the Funds, and effective
November 15, 2024, the Board
appointed Daniel Leiter to these
positions. Further, effective November 15,
2024, Marisa Beeney resigned
from her positions as Chief Legal Officer and Secretary of the
Funds, and effective November 15,
2024, the Board appointed Kevin
Michel to these positions.
BXCI also announced changes to the Funds' portfolio managers.
Effective November 15, 2024,
Robert Zable and Gordon McKemie stepped down as portfolio
managers of the Funds, and Daniel
McMullen and Meghan Fornshell
became named portfolio managers of the Funds. Robert Post remains a portfolio manager of the
Funds. Robert Zable has stepped down
as a portfolio manager of the Fund due to his upcoming resignation
from BXCI. Gordon McKemie stepped
down as portfolio manager because his role at BXCI has evolved away
from the day-to-day management of the Funds.
Mr. Leiter is the Head of International for Blackstone
Credit & Insurance and the Global Head of Liquid Credit
Strategies ("LCS"). Prior to joining Blackstone in 2024, he worked
at Morgan Stanley where he was most recently a Managing Director in
Fixed Income.
Mr. Michel is a Managing Director in the Legal & Compliance
Group at Blackstone. He joined Blackstone in 2015 and is
involved in the legal structuring and management of Blackstone's
retail-focused funds, with a particular focus on investment
companies registered under the Investment Company Act of
1940.
Mr. McMullen is a Senior Managing Director and the Head of
Loan Strategies for Blackstone Credit & Insurance's LCS group.
He joined Blackstone in 2002 and is additionally the Senior
Portfolio Manager for LCS's U.S. loan separately managed accounts,
commingled funds, and exchanged traded funds.
Ms. Fornshell is a Principal and a portfolio manager at
Blackstone Credit & Insurance, focused on US loan strategies.
She joined Blackstone in 2018.
There will be no change to the Funds' strategies, investment
objectives, or policies as a result of these changes.
Blackstone and Blackstone
Credit & Insurance
Blackstone is the world's largest alternative asset manager. We
seek to deliver compelling returns for institutional and individual
investors by strengthening the companies in which we invest. Our
more than $1 trillion in assets under
management include global investment strategies focused on real
estate, private equity, infrastructure, life sciences, growth
equity, credit, real assets, secondaries and hedge funds. Further
information is available at www.blackstone.com. Follow @blackstone
on LinkedIn, X (Twitter), and Instagram.
BXCI is one of the world's leading credit investors. Our
investments span the credit markets, including private investment
grade, asset based lending, public investment grade and high yield,
sustainable resources, infrastructure debt, collateralized loan
obligations, direct lending and opportunistic credit. We seek to
generate attractive risk-adjusted returns for institutional and
individual investors by offering companies capital needed to
strengthen and grow their businesses. BXCI is also a leading
provider of investment management services for insurers, helping
those companies better deliver for policyholders through our
world-class capabilities in investment grade private credit.
Investors wishing to buy or sell shares need to place orders
through an intermediary or broker.
Contact the Funds at 1 (877) 299-1588 or visit the Funds'
website at www.blackstone-credit.com for additional
information.
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SOURCE Blackstone
