Michelle Greene Joins Board of Trustees of Blackstone Credit BDCs
03 May 2022 - 8:30PM
Business Wire
Blackstone Private Credit Fund (BCRED) and Blackstone Secured
Lending Fund (BXSL), Blackstone Credit’s business development
companies (BDCs), today announced the appointment of Michelle
Greene, a leader in ESG, stakeholder capitalism and strategic
sustainability implementation, to their Boards of Trustees,
effective May 2, 2022. BCRED and BXSL are part of the direct
lending platform within Blackstone’s $230 billion credit business,
the firm’s fastest growing segment.
Ms. Greene is President Emeritus and a Board member and Advisor
to the Long-Term Stock Exchange (LTSE), a venture-backed,
SEC-approved National Market System exchange with listing standards
designed to support companies seeking to partner with long-term
shareholders, engage a broad group of stakeholders and build their
businesses over time. In this role, she provides guidance to
executives on governance and policy issues, including related to
ESG, the role of the board, long-term investor and stakeholder
engagement and IPOs. She also is a Fellow at the Aspen Institute
Business & Society Program, which works with executives,
investors and scholars to align business decisions and investments
with the long-term health of society and the planet.
Commenting on the appointment, Brad Marshall, Head of North
America Private Credit at Blackstone and CEO and Trustee of both
BCRED and BXSL, said: “We’re thrilled to welcome a visionary leader
like Michelle, whose career illustrates the power of financial
markets to advance diversity, decarbonization and good governance,
to the Boards of our BDCs.”
Michelle Greene added: “I’m excited to join the team to help
oversee Blackstone Credit’s direct lending efforts as a Trustee on
the Boards of BCRED and BXSL. Blackstone’s scale and commitment to
ESG across its business are a powerful combination for businesses
at all stages of their ESG journeys seeking not only capital but
partnership and expertise.”
Prior to LTSE, Ms. Greene was Senior Vice President and Head of
Global Corporate Responsibility at the New York Stock Exchange
(NYSE), where she launched and led its global ESG team, advised
Fortune 500 companies on sustainability programs and served as
Executive Director of the NYSE Foundation. Previously, she served
at the U.S. Department of the Treasury under two administrations,
working on financial markets policy, including government response
to the 2008 financial crisis and policy development on financial
inclusion. Ms. Greene was also a consultant at McKinsey &
Company and led the Carr Center for Human Rights Policy at Harvard
University, having begun her career as a corporate securities
lawyer.
Ms. Greene has previously served on World Economic Forum
advisory boards on financial inclusion and gender parity. She was
Executive Director of the President’s Advisory Council on Financial
Literacy and Financial Inclusion, a member of the White House
Council on Women and Girls and an adjunct professor at Columbia
University’s School of International and Public Affairs. Ms. Greene
graduated from Dartmouth College and received a J.D. from Harvard
Law School.
About Blackstone Private Credit Fund
Blackstone Private Credit Fund (BCRED) is Blackstone’s
non-listed business development company (BDC). Leveraging
Blackstone’s institutional-caliber investment approach, BCRED aims
to provide income-focused individual investors access to private
credit in a continuously offered fund structure. It is part of
Blackstone Credit’s $74 billion direct lending platform, which
provides privately originated, senior secured, floating rate loans
to U.S. and European middle market companies. BCRED is externally
managed by a subsidiary of Blackstone (NYSE: BX), a global leader
in credit investing.
About Blackstone Secured Lending Fund
Blackstone Secured Lending Fund (NYSE:BXSL) is a specialty
finance company that invests primarily in the debt of private U.S.
companies. As of December 31, 2021, BXSL’s fair value of
investments was approximately $9.9 billion. BXSL has elected to be
regulated as a business development company under the Investment
Company Act of 1940, as amended. BXSL is externally managed by
Blackstone Credit BDC Advisors LLC, an SEC-registered investment
adviser that is an affiliate of Blackstone Inc. (formerly, The
Blackstone Group Inc.). Blackstone Inc., together with its
subsidiaries, is the world’s largest alternative investment firm
with approximately $915 billion of assets under management as of
March 31, 2022.
About Blackstone Credit
Blackstone Credit is one of the world’s largest credit-focused
asset managers, with $230 billion in AUM. We seek 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220503005739/en/
Mariel Seidman-Gati Mariel.seidmangati@blackstone.com +1
917-698-1674
Blackstone (NYSE:BX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Blackstone (NYSE:BX)
Historical Stock Chart
From Apr 2023 to Apr 2024