Item 5.02 Election of Directors; Departure of Directors or Certain Officers
Effective May 2, 2022, the board of trustees (the "Board") of Blackstone Secured
Lending Fund (the "Fund") appointed Michelle Greene to the Board and as a member
of the Board's Audit Committee, Nominating and Governance Committee, and
Compensation Committee. Ms. Greene's appointment brings the total number of
trustees on the Board to seven, five of whom are not "interested persons" of the
Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as
amended.
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. 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 been a member of
recent Aspen Institute working groups on employee voice on corporate boards and
executive compensation and previously served on World Economic Forum advisory
boards on financial inclusion and gender parity. She was previously 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.
Ms. Greene has not been elected to serve as a trustee pursuant to any agreement
or understanding with the Fund or any other person, and there are no
transactions in which Ms. Greene has an interest requiring disclosure under Item
404(a) of Regulation S-K. Ms. Greene will receive the standard compensation paid
by the Fund to its trustees that are not "interested persons."
Effective May 3, 2022, in light of new responsibilities and time commitments
within Blackstone Credit, Daniel H. Smith, Jr. resigned from his position as a
trustee of the Fund. Mr. Smith's resignation was not a result of any
disagreement with the Fund on any matter relating to the Fund's operations,
policies or practices. The Fund is grateful to Mr. Smith for his dedicated
service to the Fund since its inception.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release of Blackstone Alternative Credit Advisors LP, dated May 3,
2022.
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