NEW
YORK, Jan. 4, 2024 /PRNewswire/ -- Blackstone
Liquid Credit Strategies LLC, an affiliate of Blackstone
Alternative Credit Advisors LP (collectively, and together with
their affiliates in the credit-focused business of Blackstone,
Inc., "Blackstone Credit"), announced certain changes in Trustee
and Officer positions 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 December 31, 2023, Daniel
H. Smith 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 January 1, 2024, the Board appointed Robert Zable to these positions. Also effective
December 31, 2023, Mr. Zable resigned
from his positions as Executive Vice President and Assistant
Secretary of the Funds, and effective January 1, 2024, the Board appointed Robert Post to these positions.
Mr. Zable is a Senior Managing Director and the Global Head of
Liquid Credit Strategies at Blackstone Credit, as well as a
Portfolio Manager of the Funds. He has 28 years of industry
experience and joined Blackstone Credit in 2007. Mr. Post is a
Managing Director and Portfolio Manager at Blackstone Credit,
including a Portfolio Manager of the Funds and Blackstone Credit's
U.S. CLOs. He has twelve years of industry experience and joined
Blackstone Credit in 2017.
There will be no changes to the Funds' strategies, investment
objectives or policies as a result of these changes.
Blackstone and Blackstone
Credit
Blackstone is the world's largest alternative asset manager. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $1 trillion in assets under management include
investment vehicles focused on private equity, real estate, private
and liquid credit, infrastructure, life sciences, growth equity,
public securities and secondary funds, all on a global
basis. Further information is available at www.blackstone.com.
Follow @blackstone on LinkedIn, Twitter, and Instagram.
Blackstone Credit is one of the world's largest credit-focused
asset managers. Blackstone's Credit and Insurance segment has
$297 billion in AUM. Blackstone
Credit seeks to generate attractive risk-adjusted returns for our
clients by investing across the entire corporate credit market,
from public debt to private loans. Our capital supports a wide
range of companies across sectors and geographies, enabling
businesses to expand, invest, and navigate changing market
environments.
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.
345 Park Avenue, 31st Floor
New York, NY 10154
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SOURCE Blackstone