Kevin Michel
About Kevin Michel
Kevin Michel (birth year: 1986) is Chief Legal Officer and Secretary of Blackstone Long-Short Credit Income Fund (BGX), appointed effective November 15, 2024, with an indefinite term; he is a Managing Director in Blackstone’s Legal & Compliance group focused on legal structuring and management of retail-focused funds registered under the Investment Company Act of 1940 . Prior to joining Blackstone in 2015, he was an Associate in Willkie Farr & Gallagher LLP’s Asset Management Group focused on hedge funds and registered investment companies . He is listed as agent for service for BGX’s 2025 N-PX filing and signed the report as Chief Legal Officer and Secretary on August 14, 2025 . Officers employed by Blackstone (including Mr. Michel) receive no compensation or expense reimbursement from BGX; compensation for independent trustees is handled separately by the board, and officers’ compensation is not paid by the Fund .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Blackstone (Legal & Compliance) | Managing Director | 2015–present | Legal structuring and management of Blackstone’s retail-focused funds, with focus on ’40 Act investment companies |
| Willkie Farr & Gallagher LLP (Asset Management Group) | Associate | Prior to 2015 | Formation and operation of hedge funds and registered investment companies |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | No public company board roles were disclosed for Mr. Michel in BGX’s 2025 proxy officer biographies . |
Fixed Compensation
| Component | Amount/Policy | Source |
|---|---|---|
| Fund-paid cash compensation to officers | None; officers employed by Blackstone receive no compensation or expense reimbursement from the Funds | BGX 2025 Proxy |
| Compensation committee (context) | None; Nominating & Governance Committee reviews compensation for Independent Trustees (officer pay not Fund-paid) | BGX 2025 Proxy |
Performance Compensation
| Incentive type | Metric weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Fund-paid variable compensation to officers | Not applicable | — | — | — | — |
| Note: BGX does not pay officer compensation; officers are Blackstone employees (no fund-level performance plan disclosed) |
Equity Ownership & Alignment
| Date | Filing | Holdings (BGX) | Notes |
|---|---|---|---|
| 2024-11-22 | Form 3 (Initial Statement of Beneficial Ownership) | 0 shares | Filed as “Chief Legal Officer and Secretary”; remarks state “No securities are beneficially owned.” |
| As of date | Holder | BGX Shares | % of outstanding |
|---|---|---|---|
| 2024-12-31 | Trustees and Executive Officers as a group | 265 | <1% |
- Reporting compliance: The proxy notes that Section 16(a) filing requirements applicable to officers, trustees and >10% owners were complied with for fiscal 2024 .
Employment Terms
| Item | Detail |
|---|---|
| Title | Chief Legal Officer and Secretary |
| Officer since (BGX) | November 2024 |
| Term of office | Indefinite |
| Business address | 345 Park Avenue, 31st Floor, New York, NY 10154 |
| Agent for service / signature | Signed 2025 N-PX as CLO & Secretary (Aug 14, 2025) |
| Power of Attorney context | Named among authorized attorneys-in-fact in Form 3 exhibits executed Nov 15, 2024 |
Investment Implications
- Fund-level pay-for-performance linkage for Mr. Michel is minimal: BGX does not pay officer compensation; incentives (if any) accrue at Blackstone, not the Fund, limiting direct alignment of his cash/equity pay with BGX TSR or NAV outcomes .
- Initial alignment via ownership is limited: his Form 3 reported zero BGX shares at appointment, which also implies low near-term insider selling pressure from vesting schedules at the Fund level .
- Governance structure reinforces the above: there is no Fund compensation committee; the Nominating & Governance Committee only reviews compensation for Independent Trustees, and officer pay is not determined or paid by BGX .
- Tenure and remit: as a recently appointed legal officer with an indefinite term, his primary impact vector is governance, regulatory compliance, and disclosure quality rather than portfolio or operating performance levers .