Matthew Alcide
About Matthew Alcide
Matthew Alcide (birth year: 1987) serves as Chief Accounting Officer and Treasurer of Blackstone Secured Lending Fund (BXSL) and Blackstone Private Credit Fund (BCRED); he is a Managing Director at Blackstone as of the 2025 proxy and leads the Blackstone Credit & Insurance BDC Finance Group overseeing accounting and financial reporting for BXSL and BCRED . He was appointed CAO effective May 10, 2023 and is listed as an officer since 2023 with an indefinite term of office . Mr. Alcide graduated magna cum laude from Providence College with a B.S. in Accounting and is a Certified Public Accountant licensed in New York . BXSL does not directly compensate its executive officers and, as a BDC, is prohibited from issuing equity incentive awards to officers and trustees; therefore, the proxy does not tie his compensation to Company performance metrics such as TSR or EBITDA, and no executive pay-for-performance framework is disclosed at the Company level .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Blackstone Credit & Insurance (BXSL/BCRED) | Chief Accounting Officer and Treasurer; leads BDC Finance Group | Officer since 2023; term: Indefinite | Oversees accounting and financial reporting for BXSL and BCRED |
| PricewaterhouseCoopers (New York & London) | Director | Not disclosed | Provided assurance/accounting services to asset managers, investment banks, broker‑dealers; focus on SEC registrants/public entities |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Blackstone Private Credit Fund (BCRED) | Chief Accounting Officer and Treasurer | Officer since 2023 | Dual role alongside BXSL |
| Blackstone | Managing Director (prior proxy listed Senior Vice President) | As of 2025 proxy | Senior Vice President in earlier filings; Managing Director in 2025 |
Fixed Compensation
- BXSL discloses that none of its executive officers receive direct compensation from the Company; BXSL reimburses the Administrator for a portion of compensation paid to the CCO and CFO (and other administrative personnel) based on time devoted to BXSL .
- As a BDC, BXSL is prohibited from issuing equity incentive compensation (options, SARs, restricted stock/stock) to officers and trustees .
Performance Compensation
- The Board adopted a clawback policy to comply with NYSE 303A.14, but BXSL currently neither pays nor has plans to pay incentive compensation to covered executives; the policy is nevertheless implemented for compliance .
- Equity awards to officers and trustees are prohibited under the 1940 Act; thus, no RSUs/PSUs/options, performance metrics, or vesting schedules are disclosed for executive officers at BXSL .
| Metric/Instrument | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Incentive-based compensation (officers) | N/A | N/A | N/A | None (no incentive comp paid) | N/A |
| Equity awards to officers/trustees | N/A | N/A | N/A | Prohibited (no grants) | N/A |
Equity Ownership & Alignment
| Date (Record) | Total shares owned | % of shares outstanding | Notes |
|---|---|---|---|
| May 10, 2023 (Form 3 filing) | None | N/A | Initial statement: “No securities are beneficially owned.” |
| July 1, 2023 (DEF 14A) | — | — | Listed with no holdings in beneficial ownership table |
| July 8, 2024 (DEF 14A) | — | — | Listed with no holdings in beneficial ownership table |
| June 27, 2025 (DEF 14A) | — | — | Listed with no holdings in beneficial ownership table |
Additional alignment and policy considerations:
- Hedging: The Company does not have a hedging policy for its executive officers and trustees at this time .
- Pledging: No pledged shares are disclosed for Mr. Alcide; beneficial ownership tables show no holdings .
- Stock ownership guidelines for officers: Not disclosed in the proxy; only “Dollar range” tables for trustees are presented .
Employment Terms
| Term | Detail |
|---|---|
| Appointment date | Appointed Chief Accounting Officer effective May 10, 2023 |
| Officer since / Term | Officer since 2023; term of office: Indefinite |
| Role scope | Leads BDC Finance Group overseeing accounting/financial reporting for BXSL and BCRED |
| Severance / Change-in-control | Not disclosed for executive officers in the proxy; BXSL does not directly compensate executive officers |
| Clawback | Clawback policy adopted to comply with NYSE 303A.14; Company currently neither pays nor plans to pay incentive compensation to covered executives |
| Equity awards | Prohibited to officers and trustees under the 1940 Act |
| Non-compete / Non-solicit | Not disclosed |
Performance & Track Record
- Governance/Finance leadership: As CAO and Treasurer, Mr. Alcide leads the BDC Finance Group supporting accounting integrity and financial reporting for BXSL and BCRED—key for valuation, NAV reporting, and regulatorily compliant disclosures .
- Role history at Blackstone: Elevated from Senior Vice President (earlier filings) to Managing Director (2025 proxy), while retaining CAO/Treasurer responsibilities at both BXSL and BCRED .
- Related party oversight context (Company-level): The Board maintains a policy on related person transactions; for FY2024, BXSL purchased a $3.4 million par value loan from 5% holder QIA at then-current fair value; Independent Trustees review such matters .
Risk Indicators & Red Flags
- Incentive structure: No Company-paid executive incentives or equity awards; clawback policy exists but currently inapplicable given no incentive comp—limits pay-for-performance alignment at the Company level .
- Hedging policy: No hedging policy for executives/trustees disclosed; potential alignment consideration since hedging is not restricted .
- Insider trading activity: Initial Form 3 shows no beneficial ownership; no Form 4 transactions are surfaced in Company documents for Mr. Alcide—implies no near-term selling pressure from vesting or option exercises .
Investment Implications
- Alignment: Mr. Alcide holds no BXSL shares and cannot receive equity awards at the Company level; coupled with the absence of a hedging policy, direct shareholder-aligned exposure is limited relative to C‑corp models that use equity grants for senior finance officers .
- Retention risk: Compensation is paid by Blackstone affiliates (administrative reimbursement model) rather than by BXSL; his dual remit across BXSL and BCRED and Managing Director status suggest retention dynamics are tied to Blackstone rather than BXSL’s standalone compensation, reducing vesting-related turnover risk at the Company level .
- Trading signals: With no beneficial ownership and no equity awards/vesting, there is minimal expected insider selling pressure attributable to Mr. Alcide .
- Governance/controls: His remit over accounting/reporting, combined with an active Audit Committee and formal related party oversight, supports control rigor; however, investors should note the structural separation between Company performance and executive pay at the BXSL level given the BDC framework .