Trent Walker
About Trent Walker
Trent Walker serves as Chief Financial Officer of BTA, an executive officer role he has held since 2021; he is a Managing Director of BlackRock, Inc. since 2019, and was born in 1974 . The fund’s proxies disclose officer biographical basics but do not provide education, age, or fund-level performance metric tie-ins; officers’ address is c/o BlackRock, 50 Hudson Yards, New York, NY 10001 . With the exception of the Chief Compliance Officer, executive officers receive no compensation from the Funds (compensation is paid by BlackRock and not disclosed at the fund level) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock, Inc. | Managing Director | Since 2019 | Not disclosed |
| BTA | Chief Financial Officer | Since 2021 | Not disclosed |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed | — | — | The proxy lists only fund officer roles |
Fixed Compensation
- Executive officers (including CFO) receive no compensation from the Funds; only the CCO is compensated by the Funds .
- Compensation paid by BlackRock to Trent Walker (salary, bonus, equity) is not disclosed in BTA filings .
Performance Compensation
- No fund-level disclosure of CFO incentive metrics, weights, targets, or payouts; performance-based compensation is not reported by BTA for executive officers (compensation resides at BlackRock) .
Equity Ownership & Alignment
| Item | Value | As-of Date |
|---|---|---|
| BTA common shares owned by CFO | 0 shares (CFO did not own any shares) | July 31, 2025 |
| Officers and Board Members (group) ownership | <1% of outstanding common shares (group) | Aug 1, 2025 |
Implication: CFO’s direct “skin-in-the-game” at the fund level is minimal, which limits alignment with fund TSR but also implies negligible insider selling pressure from the CFO .
Employment Terms
| Term Item | Disclosure |
|---|---|
| Position | Chief Financial Officer |
| Start of service | Since 2021 |
| Appointment and term | Officers serve at the pleasure of the Board; annual designation |
| Address of executive officers | c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001 |
| Fund-level compensation | Executive officers receive no compensation from the Funds (CCO excepted) |
Investment Implications
- Alignment: The CFO has no reported ownership in BTA and receives no fund-level compensation; alignment with fund TSR or NAV outcomes is indirect via BlackRock employment rather than direct ownership or fund-based incentives .
- Insider selling pressure: With 0 shares owned by the CFO and <1% group ownership, insider selling pressure from the CFO is negligible at the fund level .
- Retention and contract risk: Officers serve at the pleasure of the Board on an annual basis, with no fund-disclosed employment agreements, severance, or change-of-control economics—indicative of flexible governance and low fund-level contractual lock-in for officers .
- Monitoring: Given compensation and employment terms are set by BlackRock rather than the Fund, monitor BlackRock disclosures for any changes affecting officer incentives and retention; at the fund level, watch for any Item 5.02 8-Ks or proxy updates that would alter officer status or responsibilities .