Blackstone Private Credit Fund Appoints Interim CAO and Treasurer
The board of Blackstone Private Credit Fund, a non-traded business development company sponsored by private equity giant Blackstone (NYSE: BX), has appointed an interim chief accounting officer and interim treasurer.
The board of Blackstone Private Credit Fund, a non-traded business development company sponsored by private equity giant Blackstone (NYSE: BX), has appointed David Goldberg to the position of interim chief accounting officer and interim treasurer, effective March 11, 2022, and coinciding with the resignation of Robert Busch.
The company stated in a filing with the Securities and Exchange Commission that Busch’s decision to resign was based on “a desire to pursue other opportunities and not the result of any disagreement relating to Blackstone or the fund’s operations, policies or practices.”
Goldberg is a managing director with Blackstone’s global fund finance group where he oversees the accounting, financial reporting and fund administration for Blackstone’s credit, liquid and insurance funds.
Before joining the firm 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, in accounting and information systems and a minor in economics. He is a licensed certified public accountant.
In other company news, Blackstone Private Credit Fund recently declared its monthly net asset value per share for December 2021 and received its third investment grade rating, as reported by The DI Wire.
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 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 $14.1 billion in its private and public offerings, as of January 26, 2022.
