Kevin Michel
About Kevin Michel
Kevin Michel is Chief Legal Officer and Secretary of Blackstone Strategic Credit 2027 Term Fund (BGB), appointed effective November 15, 2024; his term of office is indefinite . He is a Managing Director in Blackstone’s Legal & Compliance group, actively involved in the legal structuring and management of Blackstone’s retail-focused funds with a focus on Investment Company Act of 1940 matters; before joining Blackstone in 2015, he was an Associate in Willkie Farr & Gallagher’s Asset Management Group . The fund lists his birth year as 1986, and he serves as agent for service and signatory on BGB’s Form N‑PX for the year ended June 30, 2025 (filed August 14, 2025) . The fund’s proxy materials do not disclose executive performance metrics tied to compensation for fund officers (officers employed by Blackstone receive no compensation from the Funds) .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Blackstone (Legal & Compliance) | Managing Director | 2015–present | Leads legal structuring/management of Blackstone’s retail-focused funds; 1940 Act focus |
| Willkie Farr & Gallagher LLP (Asset Management Group) | Associate | Pre‑2015 | Formation and operation of hedge funds and registered investment companies |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Blackstone Strategic Credit 2027 Term Fund (BGB) | Agent for Service; N‑PX signatory | 2025 | Signed BGB’s Form N‑PX as CLO/Secretary (Aug 14, 2025) |
| Blackstone BMACX C‑1 LLC | Authorized Signatory | 2025 | Signed on behalf of entity in a 40‑APP/A filing (Apr 11, 2025) |
Equity Ownership & Alignment
| Holder | BGB Common Shares | % Outstanding | Notes |
|---|---|---|---|
| Kevin Michel | Not individually enumerated | N/A | Kevin Michel is not listed individually in the BGB ownership table as of Dec 31, 2024 . |
| All Trustees and Executive Officers (as a group) | 265 | <1% | Group holdings as of Dec 31, 2024 . |
| 5%+ BGB Common holders | None | — | No 5%+ BGB common shareholders as of Dec 31, 2024 . |
| BGB Preferred Shares (5%+) | 45,000 (MetLife Investment Mgmt) | 100% of Preferred | Preferred held entirely by MetLife IM as of Dec 31, 2024 . |
- The fund references that a Senior Officer Code of Ethics is filed as an exhibit to annual Form N‑CSR, accessible via the SEC’s website; however, the proxy does not provide specific hedging or pledging policy details for officers .
Employment Terms
| Term | Detail |
|---|---|
| Fund role | Chief Legal Officer and Secretary |
| Effective date | Appointed effective November 15, 2024 (predecessor Marisa Beeney resigned same date) |
| Term of office | Indefinite |
| Employer of record | Managing Director within Blackstone’s Legal & Compliance group |
| Compensation paid by the Fund | None; Trustees and Officers employed by Blackstone receive no compensation or expense reimbursement from the Funds |
Board Governance (context)
- Kevin Michel is an officer, not a Trustee; the Boards’ committees (Audit; Nominating & Governance) are chaired by independent Trustees; there is no Compensation Committee (Nominating & Governance reviews Independent Trustee compensation) .
Risk Indicators & Compliance
- Section 16(a) compliance: The fund states that during fiscal year 2024, all Section 16(a) filing requirements applicable to officers, Trustees, and >10% owners were complied with, based on filings and representations reviewed .
- Governance/ethics: The fund indicates a Senior Officer Code of Ethics is filed with N‑CSR and available via the SEC website .
Investment Implications
- Pay-for-performance alignment at the fund level is limited for this role because BGB discloses that officers employed by Blackstone receive no compensation from the Funds; compensation is determined at the adviser, not tied to BGB metrics in proxy materials .
- Ownership alignment signal is modest: as of Dec 31, 2024, the proxy does not enumerate an individual BGB holding for Kevin Michel, and group insider ownership in BGB common is de minimis (265 shares, <1%) .
- Role-driven signal: As CLO/Secretary, Michel’s influence centers on regulatory, disclosure, and governance rigor (e.g., N‑PX signatory/agent for service), which supports compliance quality but offers limited direct trading signal relative to portfolio or P&L levers .
- Policy visibility: While the fund references a Senior Officer Code of Ethics on N‑CSR, the proxy lacks explicit disclosure of hedging/pledging or ownership guidelines for officers; absence of such detail warrants ongoing monitoring for any policy updates in future N‑CSR/Proxy filings .