William Renahan
About William Renahan
William J. Renahan (birth year: 1969) serves as Chief Compliance Officer (CCO) of Blackstone Senior Floating Rate 2027 Term Fund (BSL) and has held the officer role since September 2022, with an indefinite term of office . He is a Managing Director in Blackstone’s Legal & Compliance group; prior to joining Blackstone in 2022 he was Senior Managing Director and Chief Compliance Officer at Duff & Phelps Investment Management, and earlier spent approximately 13 years at Legg Mason and predecessor firms as Managing Director and Senior Counsel; he also began his career as an associate at Battle Fowler LLP (which merged into Paul Hastings LLP) . As CCO his remit is compliance oversight rather than portfolio management; the Board’s risk oversight framework calls for direct engagement with the CCO on compliance and risk issues, underscoring his governance role at the Fund . The Fund’s proxies do not disclose TSR/revenue/EBITDA performance metrics tied to executive officers; officers employed by the adviser receive no compensation from the Funds (see Compensation sections below) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Duff & Phelps Investment Management | Senior Managing Director and Chief Compliance Officer | To 2022 (prior to joining Blackstone in 2022) | Firm-wide investment adviser CCO responsibilities |
| Legg Mason and predecessor firms | Managing Director and Senior Counsel | Approximately 13 years | Senior legal leadership across asset management businesses |
| Battle Fowler LLP (merged into Paul Hastings LLP) | Associate | Not disclosed | Corporate/finance legal practice; early-career training |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Investment Company Institute (ICI) | Chairman, ICI Closed‑End Fund Committee | 2014–2018 | Industry leadership in CEF governance and policy |
Fixed Compensation
- Officers of the Funds who are employed by Blackstone/Blackstone Credit receive no compensation or expense reimbursement from the Funds; compensation tables cover Trustees only, not officers .
- As a result, the Fund’s proxies do not disclose base salary, target bonus, or perquisites for Mr. Renahan (these, if any, would be determined by his employer, Blackstone, and are not reported by BSL) .
Performance Compensation
- No fund-linked incentive plan disclosures (RSUs/PSUs/options, performance metric weightings, payout curves, or vesting schedules) exist for officers employed by the adviser; BSL does not grant officer equity or cash incentives and does not report adviser‑level incentive structures .
- Accordingly, no revenue/EBITDA/TSR metric targets or payouts are disclosed for Mr. Renahan in BSL filings .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership (Section 16) | No Form 3/4/5 filings by Mr. Renahan were found in BSL’s Section 16 docket; he appears instead as attorney‑in‑fact signing others’ Form 3s (e.g., for Daniel Leiter, Kevin Michel, Meghan Fornshell) . |
| Attorney‑in‑fact authority | Listed on Powers of Attorney authorizing execution of Forms 3/4/5 for BSL/BGX/BGB insiders . |
| Ownership breakdown (vested/unvested/options) | Not disclosed for Mr. Renahan in BSL filings . |
| Shares pledged/hedging | Not disclosed . |
| Officer ownership guidelines | Not disclosed in BSL proxy (trustee policies disclosed; officer policies not) . |
Employment Terms
| Term | Disclosure |
|---|---|
| Position | Chief Compliance Officer |
| Officer since | September 2022 (BSL) |
| Term of office | Indefinite |
| Address of record | 345 Park Avenue, 31st Floor, New York, NY 10154 |
| CCO governance interface | Board expects to meet with the CCO to discuss risk, policies, procedures, and controls as part of risk oversight |
| Current signatory activity | Signed SEC correspondence as CCO (e.g., Iran Notice, Sept 2025) |
| Change‑in‑control / severance | Not disclosed for officers (adviser employees); no fund‑level agreements reported |
Investment Implications
- Alignment and selling pressure: With no fund‑level pay and no reported Form 3/4/5 for Mr. Renahan, there is no evidence of direct equity alignment with BSL or near‑term insider selling pressure from him; his presence on POAs shows central compliance authority rather than trading activity .
- Retention risk: Compensation, severance, and non‑compete terms (if any) would be set by Blackstone, not the Fund, and are not disclosed by BSL; retention risk therefore hinges on Blackstone’s internal incentives and career progression for Legal & Compliance leadership rather than fund economics .
- Pay‑for‑performance: No fund‑linked officer incentive structures are disclosed; as CCO, his incentives are likely compliance and risk‑management oriented, not portfolio performance‑linked (consistent with the Board’s risk oversight and CCO engagement model) .
- Trading signals: The absence of Renahan insider transactions and the administrative nature of his Section 16 involvement (attorney‑in‑fact) provide no directional signal for BSL’s shares; focus trading cues instead on portfolio/discount dynamics and Trustee actions rather than officer activity .
Key citations for biography and role: Officer profile and tenure (2025 and 2024 proxies) ; extended background (2023 proxy) ; CCO governance role (Board oversight) ; compensation non‑disclosure for officers (2022 proxy) ; attorney‑in‑fact and Section 16 context (Forms 3/POAs) .