Gregory Roppa
About Gregory Roppa
Gregory Roppa is Chief Financial Officer and Treasurer of Blackstone Strategic Credit 2027 Term Fund (BGB), serving as an officer since March 2022 (term of office: indefinite). He is a Managing Director in Blackstone’s Global Fund Finance group, focusing on accounting and financial reporting for entities within Blackstone Credit & Insurance and Real Estate; prior to joining Blackstone in 2019, he was Director of Operations and Fund Accounting at Clinton Group Inc. (alternative asset management) . Birth year: 1979 . The proxy statements do not disclose TSR, revenue growth, or EBITDA growth tied to his role .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Blackstone (Blackstone Credit & Insurance; Real Estate) | Managing Director, Global Fund Finance | 2019–present (per prior-to-2019 join date) | Leads accounting and financial reporting for entities within Blackstone Credit & Insurance and Real Estate businesses |
| Clinton Group Inc. | Director of Operations and Fund Accounting | Pre-2019 (exact years not disclosed) | Directed operations and fund accounting at an alternative asset manager |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed in BGB proxy filings | — | — | No external directorships or committee roles disclosed for Roppa |
Fixed Compensation
- Officers employed by Blackstone Credit & Insurance (including the CFO/Treasurer) receive no compensation or expense reimbursement from the Funds; trustee compensation is disclosed, but officer pay is not, as compensation is paid by the adviser (Blackstone) rather than by BGB .
Performance Compensation
- Not disclosed. The proxy statements do not provide officer bonus targets, performance metrics, RSUs/PSUs, options, clawbacks, or vesting schedules for fund officers (these are not paid by the Fund and are not presented in the Fund’s proxy) .
Equity Ownership & Alignment
- Beneficial ownership in BGB and sister funds (as of year-end, per proxies):
| Metric | 12/31/2023 | 12/31/2024 |
|---|---|---|
| BGB Common Shares owned (count) | 0 | 0 |
| BGB Common Shares (% outstanding) | 0% | 0% |
| BGB Preferred Shares owned (count) | 0 | 0 |
| BSL Common Shares owned (count) | 0 | 0 |
| BGX Common Shares owned (count) | 0 | 0 |
- Notes:
- The proxies provide officer/trustee beneficial ownership but do not break down vested vs. unvested or options (officers’ holdings are not detailed beyond share counts; Roppa reports zero Fund shares) .
- The proxies do not include officer pledging disclosures; only beneficial ownership tables are presented for trustees and executive officers .
- Section 16(a) compliance was reported as met for the fiscal years shown, but the proxies do not list individual Form 4 transactions .
Employment Terms
| Term | Detail |
|---|---|
| Role | Chief Financial Officer and Treasurer |
| Officer since | March 2022 |
| Term of office | Indefinite |
| Employer-of-record | Employed by Blackstone (Global Fund Finance group) |
| Compensation committee | The Funds have no compensation committee; Nominating & Governance reviews Independent Trustee compensation (officer compensation not covered in the proxy) |
| Employment contract / severance / CoC | Not disclosed in the proxy |
Investment Implications
- Alignment: Roppa holds no BGB Common or Preferred Shares as of 12/31/2023 and 12/31/2024, limiting direct, fund-level equity alignment. His compensation is paid by Blackstone (the adviser), not the Fund, and related incentive metrics are not disclosed at the Fund level .
- Selling pressure: With zero reported fund share ownership, near-term vesting-related selling pressure at the Fund level appears minimal; the proxies provide no officer option/RSU disclosures to indicate upcoming liquidity events .
- Retention risk: The proxy does not disclose employment contracts, severance, or change-of-control terms for officers; retention economics are therefore opaque in Fund filings and would be governed by Blackstone’s internal arrangements rather than the Fund .
- Governance: Officers are compensated by the adviser; there is no Fund compensation committee. This is typical for externally managed registered investment companies and places pay-for-performance linkage within the adviser, not in the Fund’s proxy framework .
Sources: BGB DEF 14A proxies dated Feb 28, 2025 and Mar 1, 2024. Officer biography and tenure ; officer/trustee beneficial ownership tables ; officer compensation treatment ; committee structure and absence of compensation committee ; Section 16(a) compliance statements .