Vik Sawhney Joins Boards of Trustees of Blackstone Credit BDCs
19 Ottobre 2021 - 2:00PM
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 Vik Sawhney to
their Boards of Trustees. BCRED and BXSL are part of the direct
lending platform within Blackstone’s $163 billion credit business,
the firm’s fastest growing segment.
Mr. Sawhney serves as Blackstone’s Chief Administrative Officer
and Global Head of Institutional Client Solutions. Since joining
Blackstone in 2007, he started Blackstone Capital Markets and was
previously 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.
Commenting on the appointment, Brad Marshall, Co-head of
Blackstone Credit’s Performing Credit Platform and CEO of both
BCRED and BXSL, said: “We’re excited to welcome Vik to the Boards
of our BDCs. His long tenure at Blackstone and experience in the
credit markets, as well as his deep expertise in serving a broad
range of investors, will be incredibly additive to our direct
lending platform.”
Vik Sawhney added: “I’m thrilled to work even more closely with
my colleagues in Blackstone Credit to continue building our direct
lending business.”
Mr. Sawhney represented Blackstone as a Rockefeller Fellow from
2010 to 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.
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 $36 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 (BXSL) is a specialty finance
company that invests primarily in the debt of private U.S.
companies. As of June 30, 2021 BXSL had investments in 111
portfolio companies with an aggregate fair value of approximately
$7.4 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 company that is an
affiliate of Blackstone Inc. (formerly, The Blackstone Group Inc.).
Blackstone Inc., together with its subsidiaries, is one of the
world’s leading investment firms with approximately $684 billion of
assets under management as of June 30, 2021.
Blackstone Credit
Blackstone Credit is one of the world’s largest credit-focused
asset managers, with $163 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.
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Kate Holderness Kate.holderness@blackstone.com 646-482-8774
Mariel Seidman-Gati Mariel.seidmangati@blackstone.com
917-698-1674
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