Blackstone Credit & Insurance Closed-End Funds Announce Trustee, Officer, and Portfolio Management Team Changes
Blackstone Credit & Insurance announced key leadership changes for its three closed-end funds (BSL, BGX, and BGB). Robert Zable resigned as Trustee, Chairman, President, and CEO, with Daniel Leiter appointed to these positions. Marisa Beeney stepped down as Chief Legal Officer and Secretary, replaced by Kevin Michel. Portfolio management changes include Robert Zable and Gordon McKemie stepping down, while Daniel McMullen and Meghan Fornshell became new portfolio managers, with Robert Post remaining. The funds' strategies, investment objectives, and policies will remain unchanged.
Blackstone Credit & Insurance ha annunciato cambiamenti chiave nella leadership dei suoi tre fondi chiusi (BSL, BGX e BGB). Robert Zable si è dimesso da Trustee, Presidente, Amministratore Delegato e CEO, con Daniel Leiter nominato a tali posizioni. Marisa Beeney ha lasciato il ruolo di Chief Legal Officer e Segretario, sostituita da Kevin Michel. I cambiamenti nella gestione del portafoglio includono le dimissioni di Robert Zable e Gordon McKemie, mentre Daniel McMullen e Meghan Fornshell sono diventati nuovi gestori del portafoglio, con Robert Post che rimane. Le strategie, gli obiettivi di investimento e le politiche dei fondi rimarranno invariati.
Blackstone Credit & Insurance anunció cambios clave en el liderazgo de sus tres fondos cerrados (BSL, BGX y BGB). Robert Zable renunció como Trustee, Presidente, Director Ejecutivo y CEO, siendo Daniel Leiter nombrado para estos cargos. Marisa Beeney dejó su puesto como Directora Legal y Secretaria, siendo reemplazada por Kevin Michel. Los cambios en la gestión de carteras incluyen las renuncias de Robert Zable y Gordon McKemie, mientras que Daniel McMullen y Meghan Fornshell se convirtieron en nuevos gerentes de cartera, con Robert Post manteniéndose. Las estrategias, objetivos de inversión y políticas de los fondos permanecerán sin cambios.
블랙스톤 신용 및 보험은 세 개의 폐쇄형 펀드(BSL, BGX 및 BGB)의 주요 리더십 변화를 발표했습니다. 로버트 자블이 신탁 관리자, 회장, 사장 및 CEO 직에서 사임하고 다니엘 라이터가 이 자리에 임명되었습니다. 마리사 비니가 수석 법무 담당자 및 비서직에서 물러나고 케빈 미셸이 그 자리를 대신했습니다. 포트폴리오 관리의 변화로는 로버트 자블과 고든 맥키미가 사임하며, 다니엘 맥멀런과 메건 포른쉘이 새로운 포트폴리오 관리자 역할을 맡고 로버트 포스트가 남아 있습니다. 펀드의 전략, 투자 목표 및 정책은 변경되지 않습니다.
Blackstone Credit & Insurance a annoncé d'importants changements de direction pour ses trois fonds fermés (BSL, BGX et BGB). Robert Zable a démissionné de son poste de Fiduciaire, Président, Directeur Général et CEO, avec Daniel Leiter nommé à ces fonctions. Marisa Beeney a quitté son poste de Directeur Juridique et Secrétaire, remplacée par Kevin Michel. Les changements dans la gestion de portefeuille incluent les démissions de Robert Zable et Gordon McKemie, tandis que Daniel McMullen et Meghan Fornshell sont devenus de nouveaux gestionnaires de portefeuille, avec Robert Post restant en poste. Les stratégies, objectifs d'investissement et politiques des fonds resteront inchangés.
Blackstone Credit & Insurance gab wichtige Veränderungen im Führungsteam seiner drei geschlossenen Fonds (BSL, BGX und BGB) bekannt. Robert Zable trat als Treuhänder, Vorsitzender, Präsident und CEO zurück, während Daniel Leiter in diese Positionen berufen wurde. Marisa Beeney trat als Chief Legal Officer und Sekretärin zurück und wurde durch Kevin Michel ersetzt. Veränderungen im Portfoliomanagement beinhalten den Rücktritt von Robert Zable und Gordon McKemie, während Daniel McMullen und Meghan Fornshell neue Portfoliomanager wurden und Robert Post bleibt. Die Strategien, Investitionsziele und Richtlinien der Fonds bleiben unverändert.
- No changes to funds' investment strategies, objectives, or policies
- Seamless transition with immediate appointments of new leadership
- Departure of experienced portfolio managers and key executives
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
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
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
FAQ
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