Blackstone Senior Floating Rate 2027 Term Fund, Blackstone Long-Short Credit Income Fund and Blackstone Strategic Credit 2027 Term Fund Announce Chief Executive Officer Changes
January 04, 2024 at 04:15 pm EST
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Blackstone Liquid Credit Strategies LLC announced certain changes in Trustee and Officer positions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund, Blackstone Long-Short Credit Income Fund and Blackstone Strategic Credit 2027 Term Fund (each a Fund and together the Funds). Effective December 31, 2023, Daniel H. Smith resigned from his position as Chief Executive Officer of the Funds, and effective January 1, 2024, the Board appointed Robert Zable to these position. 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'sU.S. CLOs. He has twelve years of industry experience and joined Blackstone Credit in 2017.
Blackstone Long-Short Credit Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. The Fund will take long positions in investments which it believes offer the potential for attractive returns under various economic and interest rate environments. BGX may also take short positions in investments which it believes will underperform due to a greater sensitivity to earnings growth of the issuer, default risk or the general level and direction of interest rates. It must hold no less than 70% of its Managed Assets in first and second lien secured loans (Secured Loans) but may also invest in unsecured loans and high-yield bonds. The Fund invests in various sectors, which include aerospace and defense, auto components, beverages, building products, and others. Blackstone Liquid Credit Strategies LLC serves as an investment advisor for the Fund.
Blackstone Senior Floating Rate 2027 Term Fund, Blackstone Long-Short Credit Income Fund and Blackstone Strategic Credit 2027 Term Fund Announce Chief Executive Officer Changes
BLACKSTONE / GSO LONG-SHORT CREDIT INCOME FUND 
