Blackstone Secured Lending Fund

Overview

Blackstone Secured Lending Fund (“BXSL” or the “Company”) is a business development company that focuses primarily on making originated senior secured, floating rate loans to private U.S. companies, specifically small and middle market companies.

BXSL is externally managed by Blackstone Credit BDC Advisors LLC, an investment adviser within Blackstone Credit.

BXSL is not available to members of the public and no offer of any security is being made or should be inferred.

Governance and Investment Adviser

BXSL’s business and affairs are managed under the supervision of its Board of Trustees. Subject to supervision by the Board, Blackstone Credit BDC Advisors LLC actively sources, manages and monitors BXSL’s investment portfolio and other business activities.

As a business development company, a majority of BXSL’s Board of Trustees consists of trustees who are not “interested persons” of BXSL, its investment adviser or any of their respective affiliates, as defined in the Investment Company Act of 1940.

Investor Relations

SEC Filings
Section 16 Filings
Blackstone Credit Announces Name Change for Business Development Company
Trustee Appointment Announcement – Vicki Fuller
Blackstone Secured Lending Fund Files Registration Statement for Initial Public Offering
Blackstone Secured Lending Fund Announces Proposed Initial Public Offering
Vik Sawhney Joins Boards of Trustees of Blackstone Credit BDCs

Governing Documents

By-Laws
Third Amended and Restated Agreement and Declaration of Trust
Administration Agreement
Investment Advisory Agreement
Sarbanes-Oxley Code of Ethics
Audit Committee Charter
Nominating and Governance Committee Charter

Trustees

Brad Marshall

Brad Marshall is a Senior Managing Director with Blackstone Credit. He is a portfolio manager in Blackstone Credit’s Performing Credit Group and focuses on Blackstone Credit’s Direct Lending effort. Mr. Marshall is a member of Blackstone Credit’s Investment Committee. Before joining Blackstone Credit, then known as GSO Capital Partners, in 2005, Mr. Marshall worked in various roles at RBC, including fixed income research and business development within RBC’s private equity funds effort. Prior to RBC, Mr. Marshall helped develop a private equity funds business for TAL Global, a Canadian asset management division of CIBC, and prior to that, he co-founded a microchip verification software company where he served as chief financial officer. Mr. Marshall received an MBA from McGill University in Montreal and a BA (Honors) in Economics from Queen’s University in Kingston, Canada.

Vik Sawhney

Vik Sawhney is Blackstone’s Chief Administrative Officer and Global Head of Institutional Client Solutions. Since joining Blackstone in 2007, Mr. Sawhney started Blackstone Capital Markets and also served as the Chief Operating Officer of the Private Equity group. Before joining Blackstone, Mr. Sawhney worked as a Managing Director in the Financial Sponsors Group at Deutsche Bank, and prior to that was an Associate at the law firm of Simpson Thacher & Bartlett. Mr. Sawhney represented Blackstone as a Rockefeller Fellow during 2010-2011, and currently sits on the board of the Blackstone Charitable Foundation. He is also the Board Chair of Dream, an east Harlem-based educational and social services organization. He graduated from Dartmouth College and received a J.D. from Harvard Law School.

Daniel H. Smith, Jr.

Mr. Smith is a Senior Managing Director and oversees Blackstone Credit’s Liquid Credit Strategies unit, which includes various commingled credit funds, permanent capital vehicles, CLOs, closed-end funds, and leveraged and unleveraged separately managed accounts. Additional responsibilities include serving as Chairman and Chief Executive Officer of the four public investment companies managed by the unit. Prior to joining Blackstone Credit, then known as GSO Capital Partners, in 2005, Mr. Smith was Managing Partner and Co-Head of RBC Capital Market’s Alternative Investment Unit at Royal Bank of Canada in New York.  Mr. Smith joined RBC in 2001 from Indosuez Capital, a division of Crédit Agricole Indosuez, where he was a Co-Head and Managing Director overseeing the firm’s debt investments business and merchant banking activities. He began his career in investment management in 1987 at Van Kampen American Capital (f/k/a Van Kampen Merritt), a mutual fund company in Chicago where he held a variety of positions managing portfolios of bonds and stocks including overseeing the firm’s high-yield investment group. Mr. Smith received a B.S. in Petroleum Engineering from the University of Southern California and a Master’s Degree in Management from the J.L. Kellogg Graduate School of Management at Northwestern University.

Robert Bass<sup>1</sup>

Mr. Bass has served on the board of Groupon, Inc. since June 2012. He served as a Vice Chairman of Deloitte & Touche LLP from 2006 through June 2012, and was a partner in Deloitte from 1982 through June 2012, where he specialized in e-commerce, mergers and acquisitions, SEC filings and related issues. At Deloitte, Mr. Bass was responsible for all services provided to Forstmann Little and its portfolio companies and was the advisory partner for Blackstone, DIRECTV, 24 Hour Fitness, McKesson, IMG and CSC. In addition, he has been an advisory partner for RR Donnelley, Automatic Data Processing, Community Health Systems, and Avis Budget. Mr. Bass served on the board of directors of Sims Metal Management (ASX: SGM.AX) and as a member of the risk and audit committee from September 2013 to January 1, 2019, including as Chairman of the risk and audit committee since November 2014, the board of directors and as a member of the audit committee of Apex Tool Group, LLC since December 2014, including as Chairman of the audit committee since April 2015, the board of directors and as Chairman of the audit committee of New Page Corporation from January 2013 (emergence from chapter XI) to January 2015 (sale of the company), and the board of directors and as Chairman of the audit committee of Redfin Corporation (NASDAQ: RDFN) since October 2016. Mr. Bass is a certified public accountant licensed in New York and Connecticut. He is a member of the American Institute of Certified Public Accountants and the Connecticut State Society of Certified Public Accountants. Mr. Bass brings to the Board a wealth of experience and knowledge of public company financial reporting and accounting, including with respect to companies in the e-commerce sector, and his experience at the highest levels of a Big Four accounting firm is an invaluable resource to the Board in its oversight of the Company’s SEC filings, all of which make him well qualified to serve on our Board.

Tracy Collins<sup>1</sup>

Ms. Collins is an independent finance professional and most recently served as CEO to SmartFinance LLC (2013-2017), a Fintech startup purchased by MidFirst Bank in December of 2017. During her career in financial services, Ms. Collins worked as a Senior Managing Director (Partner) and Head of Asset-Backed Securities Research at Bear Stearns & Co., Inc. for six years and prior to that as a Managing Director (Partner) and Head of Asset-Backed Securities and Structured Products at Credit Suisse (formerly known as Credit Suisse First Boston) for nine years. During her tenure as a structured product specialist, Ms. Collins was consistently recognized as a “First Team All American Research Analyst.” Ms. Collins served as an independent director for KKR Financial from August 2006 to May 2014. She graduated from the University of Texas at Austin in the Plan II Honors Program. Ms. Collins has held numerous management positions and her broad experiences in the financial services sector provide her with skills and valuable insight in handling complex financial transactions and issues, all of which make her well qualified to serve on our Board. Ms. Collins’ spouse is the founder, managing partner and co-CIO of Good Hill Partners LP (“Good Hill”).  Good Hill is a registered investment adviser that manages various types of collective investment vehicles and investment accounts.

James F. Clark<sup>1</sup>

Mr. Clark has served as a Partner with Sound Shore Management, Inc. (“Sound Shore”) since 2004. At Sound Shore, Mr. Clark is a generalist on the investment team, responsible for the firm’s investments in energy, industrials, materials, utilities, and consumer staples stocks. His tenure also includes having served on Sound Shore’s Investment Committee and operating committee. Previously, Mr. Clark worked at Credit Suisse First Boston from 1984 to 2004, most recently as a Managing Director from 1996 to 2004. At Credit Suisse First Boston, Mr. Clark served as Head of US Equity Research from 2000-2004, and as the firm’s International and Domestic Oil Analyst from 1989-2000. Mr. Clark was selected to Institutional Investor magazine’s All America Research teams for both International and Domestic Oils from 1993-1999. Mr. Clark was also recognized by the Wall Street Journal as an All-Star Analyst from 1994 to 1999, and named to that newspaper’s All-Star Analyst Hall of Fame in 1998 and 1999. Mr. Clark has an MBA from Harvard University and a BA from Williams College, cum laude and with highest honors.

Vicki Fuller<sup>1</sup>

Ms. Fuller has served as a director of The Williams Companies, Inc. since 2018. Ms. Fuller joined the board of The Williams Companies, Inc. after retirement from the New York State Common Retirement Fund (“NYSCRF”) where she served as Chief Investment Officer beginning in August 2012. NYSCRF is the third largest public pension fund in the nation and holds and invests the assets of the New York State and Local Retirement System on behalf of more than one million state and local government employees and retirees and their beneficiaries. Prior to joining NYSCRF, Ms. Fuller spent 27 years in leadership positions at AllianceBernstein Holding L.P., which has approximately $500 billion in assets under management. She joined the company in 1993 from the Equitable Capital Management Corporation, which was acquired by Alliance Capital Management LP (in 2000, the company became AllianceBernstein LP after the company acquired Sanford C. Bernstein). In December 2019, Ms. Fuller was appointed to the board of directors of Treliant, LLC, an international multi-industry consulting firm specializing in regulatory requirements. In 2018, Ms. Fuller was appointed to the Board of Trustees for Fidelity Equity and High Income Funds. Ms. Fuller, who was inducted into the National Association of Securities Professionals Wall Street Hall of Fame, was named to Chief Investment Officer Magazine’s “Power 100” and received the Urban Technology Center’s Corporate Leadership Award. She has also been named one of the most powerful African Americans on Wall Street by Black Enterprise. Ms. Fuller’s skills, experience, and attributes include: executive leadership, public policy and government, securities and capital markets, financial and accounting, and diversity, all of which make her well qualified to serve on our Board.

1. Independent Trustee

Executive Officers

Brad Marshall

Brad Marshall is a Senior Managing Director with Blackstone Credit. He is a portfolio manager in Blackstone Credit’s Performing Credit Group and focuses on Blackstone Credit’s Direct Lending effort. Mr. Marshall is a member of Blackstone Credit’s Investment Committee. Before joining Blackstone Credit, then known as GSO Capital Partners, in 2005, Mr. Marshall worked in various roles at RBC, including fixed income research and business development within RBC’s private equity funds effort. Prior to RBC, Mr. Marshall helped develop a private equity funds business for TAL Global, a Canadian asset management division of CIBC, and prior to that, he co-founded a microchip verification software company where he served as chief financial officer. Mr. Marshall received an MBA from McGill University in Montreal and a BA (Honors) in Economics from Queen’s University in Kingston, Canada.

Carlos Whitaker

Carlos Whitaker is a Senior Managing Director with Blackstone Credit and focuses on Direct Lending efforts. Before joining Blackstone Credit, Mr. Whitaker was a Managing Director and Head of New York and Co-Head of EMEA Advisory Sales at Credit Suisse, where he began his career in 2000. Mr. Whitaker is a member of the McCombs School of Business Advisory Council at the University of Texas at Austin. He also sits on the boards of New York for McCombs and Rising Stars Capital Management, which is a nonprofit focused on improving diversity in the finance industry. Mr. Whitaker received a Bachelor of Arts from the Plan II Honors Program, a Bachelor of Business Administration in Accounting and a Master in Professional Accounting from the University of Texas at Austin.

Kate Rubenstein

Kate Rubenstein is a Managing Director in Blackstone Credit. Previously, she was with the Blackstone Portfolio Operations group where she led the Blackstone Advantage program, focusing on building networks and expanding access to resources for portfolio companies across Blackstone business units. Prior to that, Ms. Rubenstein created and led the GSO Advantage platform (now Blackstone Credit Advantage). Prior to Blackstone, Ms. Rubenstein spent ten years with GE Capital. She is on the Blackstone Charitable Foundation Leadership Council and on the Board of Let’s Get Ready, a non-profit organization that provides low-income students support to gain admission to and graduate from college. Ms. Rubenstein received an MBA from The Johnson Graduate School of Management at Cornell University, where she was a Roy H. Park Leadership Fellow, and a bachelor’s degree from Dartmouth College.

Stephan Kuppenheimer

Steve Kuppenheimer is a Senior Managing Director with Blackstone Credit. He is part of Blackstone Credit’s Performing Credit Group focused on portfolio management and capital markets. Mr. Kuppenheimer is a member of Blackstone Credit’s Investment Committee. Before joining Blackstone Credit, then known as GSO Capital Partners, in 2015, Mr. Kuppenheimer was a Senior Managing Director at Stifel Financial where he served as Head of Principal Investing and Head of Debt Capital Markets from 2010 to 2015. Prior to Stifel, Mr. Kuppenheimer was founder and CEO of FSI Capital, an alternative asset management company focused on U.S. credit products. Previously, Mr. Kuppenheimer was head of CLOs and structured funds for Merrill Lynch. Mr. Kuppenheimer received a J.D., with Distinction, from Emory University School of Law and a B.A. from Colgate University with Honors in Philosophy. Mr. Kuppenheimer serves on the board of trustees for the George Jackson Academy.

Beth Chartoff

Beth Chartoff is a Senior Managing Director and Head of Institutional Client Solutions for Blackstone Credit. Before joining Blackstone Credit, then known as GSO Capital Partners, in 2005, Ms. Chartoff worked as a Director in Investment Banking at Banc of America Securities in the Financial Sponsors Group.  Prior to that she was in the investment banking groups of Credit Suisse and Donaldson, Lufkin & Jenrette where she worked on a variety of financing, M&A, and restructuring transactions in the consumer and retail and media and telecommunications industries. Ms. Chartoff received a B.A. in Economics from Cornell University and an M.B.A. from the Wharton School of the University of Pennsylvania.  She is a member of the Board of Trustees of American Ballet Theater.

Marisa J. Beeney

Marisa Beeney is a Senior Managing Director of Blackstone and General Counsel of Blackstone Credit. Ms. Beeney oversees legal and compliance matters relating to Blackstone’s credit focused business. Ms. Beeney began her career at Latham & Watkins working primarily on project finance and development transactions, as well as other structured credit products. Ms. Beeney holds a BS in Engineering from Cornell University, and a JD, magna cum laude, from Boston University.

Robert W. Busch

Robert W. Busch is the Chief Accounting Officer and Treasurer of the Company and a Senior Vice President with Blackstone. Mr. Busch joined Blackstone Credit, then known as GSO Capital Partners, in 2018. Mr. Busch worked previously at Fifth Street Asset Management from 2012 to 2018, where he was Senior Vice President Finance and served as Controller of the firm’s two publicly traded business development companies and publicly traded alternative asset manager. Prior to that, Mr. Busch was an Audit Manager at Deloitte & Touche LLP serving clients in various industries including alternative asset management and real estate. Mr. Busch is a Certified Public Accountant in the state of New York and received a Bachelor’s Degree in Business Administration with a concentration in Accounting from Boston University’s Questrom School of Business where he graduated cum laude.