Blackstone Private Credit Fund, a non-traded business development company sponsored by private equity giant Blackstone (NYSE: BX), has appointed David Goldberg as interim chief accounting officer and treasurer, according to a filing with the Securities and Exchange Commission. Goldberg replaces Abby Miller, who “has taken leave from her position,” the filing stated.
Goldberg previously served as the fund’s interim CAO and treasurer, after Robert Busch resigned from the positions earlier this year.
Goldberg is a managing director with Blackstone Inc. in the global fund finance group where he oversees the accounting, financial reporting and fund administration for Blackstone’s credit, liquid and insurance funds.
Before joining Blackstone in 2008, he was an associate vice president at Lehman Brothers in the real estate private equity group overseeing two real estate mezzanine funds. Prior to that, he worked as a manager in the joint venture group at New Plan Excel Realty Trust.
Goldberg began his career in the financial services group at PricewaterhouseCoopers and holds a bachelor’s degree from Queens College, City University of New York with a major in accounting and information systems and a minor in economics. He is a licensed certified public accountant.
Blackstone Private Credit Fund is the industry’s first perpetual-life BDC and broke escrow on January 7, 2021. The fund is part of Blackstone Credit’s $74 billion direct lending platform, which provides privately originated, senior secured, floating rate loans to U.S. and European middle market companies. Since inception, the BDC has raised $22.6 billion in its private and public offerings, as of July 20, 2022.
As of June 30, 2022, the fund’s aggregate NAV was $21 billion, the fair value of its investment portfolio was $46.2 billion, and it had $22.6 billion of debt outstanding (at principal).