Valerie Naratil
About Valerie Naratil
Valerie Naratil (birth year: 1988) serves as Public Relations Officer of Blackstone Senior Floating Rate 2027 Term Fund (BSL), a fund within Blackstone Credit & Insurance’s Liquid Credit Strategies complex; her term of office is indefinite and she has served in this officer role since February 2021 . She is a Managing Director and member of the Product Management team within Blackstone Credit & Insurance’s Liquid Credit Strategies business; she joined Blackstone in 2014 after working at UBS Investment Bank advising corporate clients across the Healthcare industry . Fund proxies do not disclose executive performance metrics (TSR, revenue, EBITDA) tied to Ms. Naratil; officers employed by Blackstone Credit & Insurance receive no compensation from the Funds, limiting pay-for-performance analysis at the fund level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Blackstone Credit & Insurance (Liquid Credit Strategies) | Managing Director; Product Management team member | Joined 2014 | Product management within Liquid Credit Strategies; role supports product positioning and investor communication for the LCS platform |
| UBS Investment Bank | Advised corporate clients across Healthcare industry | Prior to 2014 | Corporate advisory experience in Healthcare sectors |
External Roles
No external public company directorships or board committee roles are disclosed for Ms. Naratil in BSL’s proxy materials .
Fixed Compensation
Officers employed by Blackstone Credit & Insurance receive no compensation or expense reimbursement from the Funds; the proxy does not disclose Ms. Naratil’s base salary, target bonus, or cash compensation (these would be determined at the adviser level, not by BSL) .
| Component | Disclosure Status |
|---|---|
| Base salary | Not disclosed; officers receive no compensation from BSL |
| Target bonus % | Not disclosed |
| Actual bonus | Not disclosed |
| Perquisites | Not disclosed |
| Pension/SERP/Deferred Comp | Not disclosed |
| Clawbacks/Tax gross-ups | Not disclosed |
Performance Compensation
The fund proxy does not report any RSU/PSU/option awards, performance metrics, weighting, vesting schedules, or payouts for Ms. Naratil; officer compensation is not paid by BSL and is not covered in fund-level disclosures .
Equity Ownership & Alignment
Individual beneficial ownership for Ms. Naratil in BSL is not disclosed in the proxy. Group-level ownership for trustees and executive officers as of December 31, 2024 is less than 1% of BSL Common Shares (2,750 shares), while total BSL Common Shares outstanding were 13,010,746 at the February 12, 2025 record date .
| Holder | BSL Common Shares | Ownership % | As-of |
|---|---|---|---|
| All Trustees and Executive Officers as a group | 2,750 | <1% | December 31, 2024 |
| BSL Common Shares outstanding | 13,010,746 | — | Record date: February 12, 2025 |
- Shares pledged as collateral, hedging policy, and officer ownership guidelines for Ms. Naratil are not disclosed in BSL filings .
Employment Terms
| Item | Detail |
|---|---|
| Officer title | Public Relations Officer |
| Officer since | February 2021 (indefinite term) |
| Employer affiliation | Managing Director, Product Management team within Blackstone Credit & Insurance’s Liquid Credit Strategies |
| Office address | Blackstone Alternative Credit Advisors LP, 345 Park Avenue, 31st Floor, New York, NY 10154 |
| Non-compete/Severance/Change-of-control | Not disclosed in BSL proxy |
| Section 16 compliance (fund-level) | Fund reports all applicable Section 16(a) filings complied with for FY2024 |
| Compensation committee | No compensation committee; Nominating & Governance Committee reviews compensation arrangements for Independent Trustees (not for officers) |
Investment Implications
- Alignment visibility is limited: Ms. Naratil’s pay is set and paid by Blackstone Credit & Insurance, not by BSL; the fund provides no insight into her cash/equity compensation mix, performance metrics, or vesting schedules, constraining pay-for-performance evaluation at the fund level .
- Ownership signal is not assessable: Individual BSL share ownership for Ms. Naratil is not disclosed; group-level ownership of trustees and executive officers is de minimis (<1%) as of year-end 2024, offering little insight into insider alignment or potential selling pressure for the fund .
- Retention/contract risk cannot be evaluated: The proxy lists her officer term as indefinite and does not disclose employment agreements, severance, change-of-control, non-compete, or clawback terms for officers; there are no red flags reported related to Section 16 compliance at the fund level for FY2024 .
To deepen this analysis (pay mix, vesting, insider transactions), investors would need adviser-level disclosures from Blackstone Credit & Insurance or Form 4 filings specifically identifying Ms. Naratil; these are not present in BSL’s proxy.