Blackstone Loan Financing Limited (In Liquidation)
At an EGM held on 15th January 2025 the shareholders of Blackstone Loan Financing Limited passed a Special Resolution that the Company be summarily wound up. As previously announced, the majority of the Company’s remaining assets will be distributed to shareholders as a Third Redemption on or around 4 February 2025. Thereafter, the Board will liquidate the Company’s subsidiary in Luxembourg and complete the process of settling all of the Company’s liabilities before compulsorily redeeming shareholders’ remaining shares with remaining cash. Please refer to the News section below for updates.
Board Members
Steve Wilderspin
Chair
Steve Wilderspin
Chair
Mr Wilderspin currently serves as the Chair of the Audit and Risk Committee of HarbourVest Global Private Equity Limited, the Chair of the Audit and Risk Committee of GCP Infrastructure Investments Limited, and is a non-executive director of Phoenix Spree Deutschland Limited. These are all listed on the London Stock Exchange.
From 2001 until 2007, Mr Wilderspin was a director of fund administrator Maples Finance Jersey Limited where he was responsible for fund and securitisation structures. Before that, from 1997, Mr Wilderspin was Head of Accounting at Perpetual Fund Management (Jersey) Limited.
Mr Wilderspin has significant listed corporate governance experience, particularly in the area of risk management, so is well placed to lead the board through the development of its risk framework.
Belinda Crosby
Director
Belinda Crosby
Director
Having worked for over 25 years in Jersey’s financial services industry, Belinda has held a range of board and regulated key person positions since 2006. Belinda successfully managed a global brand and highly respected regulated Jersey fund services business for over 10 years. By combining her financial background with extensive executive regulatory, corporate governance, compliance and transactional experience Belinda brings a depth of knowledge and value to the boards and committees she serves.
Belinda is a vocal supporter of “Jersey plc” sharing experience by participating in expert panels, consultation processes and providing governance expertise to local non-financial organisations.
Mark Moffat
Director
Mark Moffat
Director
Whilst at GSO Mr Moffat was a senior managing director and the portfolio manager responsible for investing in structured credit and co-head of the European activities of the Customised Credit Strategies division. Mr Moffat joined GSO in January 2012 following the acquisition by GSO of Harbourmaster Capital Management Limited where he was co-head. Prior to joining Harbourmaster in 2007, Mr Moffat was head of European debt and equity capital markets and the European CLO business of Bear Stearns. At Bear Stearns, Mr Moffat was responsible for the origination, structuring and execution of CLOs in Europe over a seven-year period. Prior to Bear Stearns, Mr Moffat was global head of CLOs at ABN AMRO and a Director in the principal finance team of Greenwich NatWest.
With over 20 years of experience structuring, managing and investing in CLOs Mr Moffat brings a deepnowledge of how CLO structures and markets perform over the credit cycle.
Giles Adu
Director
Giles Adu
Director
He is currently the Co-Founder and Investment Director of a commercial property fund and has previously held several senior advisory roles in fixed-income and debt capital management in investment banks, such as BNP Paribas and Credit Agricole, before launching an alternative investment fund advisory business.
Giles has held several non-executive director positions on companies, such as Emerging Markets International Fund ICC and Candela Investment Fund, and has many years’ experience of fund structuring, governance and fundraising.
Additionally, Giles is a Jersey resident and holds an MSc in Financial Economics and a BA in Economics, and is a Chartered Alternative Investment Analyst Charterholder.
Contact Us
For any enquiries, or to contact the Chair of the Company, please refer to the Company Secretary at: blackstonecosec@bnpparibas.com or +44 (0) 1534 813967.
Adviser Contacts
Jane Lee
Sr. Managing Director
Jane Lee
Sr. Managing Director
BXCI
Ms. Lee joined Blackstone from RBC in 2005. Prior to that, Ms. Lee was a Vice President at Indosuez Capital. Before joining Indosuez Capital, Ms. Lee was a Director in the Loan Products Group of Fitch IBCA, Inc., where she was responsible for rating collateralized debt obligations and other credit derivative transactions.
Ms. Lee received a BA in Economics and Operations Research from Columbia University.
Alex Leonard
Sr. Managing Director
Alex Leonard
Sr. Managing Director
BXCI
Before joining Blackstone, Mr. Leonard was Co-Head of Portfolio Management and Trading at Harbourmaster Capital Management Limited. Before Harbourmaster, Mr. Leonard was a Senior Structurer and Co-Head of Euro Capital Structures (“ECS”), the structuring team for the UniCredit Group, where he had responsibility for structuring deals across a wide variety of asset classes. Mr. Leonard began his career as a quantitative analyst in ING Barings and Airbus Industrie’s aerospace finance team.
Mr. Leonard received an MA in Economics from University College Dublin and an MBA with distinction from Trinity College Dublin.
David Cunningham
Managing Director
David Cunningham
Managing Director
BXCI
Mr. Cunningham joined Blackstone during their acquisition of Harbourmaster Capital Management Limited in 2012. Prior to that, Mr. Cunningham was a Director at Harbourmaster Capital where he was part of the portfolio management group for the CLOs and was also involved in capital formation and investor relations. Prior to joining Harbourmaster Capital in 2007, Mr. Cunningham worked as a credit analyst in WGZ Bank focusing on structured finance transactions.
Mr. Cunningham received a BE in Electronic Engineering from University College Dublin and his MSc in Financial & Industrial Mathematics from Dublin City University. Mr. Cunningham is also a CFA Charterholder and a CAIA Charterholder.
Blackstone Ireland Limited (“BIL”) has been appointed as the Service Support Provider to Blackstone Corporate Funding DAC (“BCF”) pursuant to the Portfolio Service Support Agreement, and has been appointed as an Adviser to the Company pursuant to the Advisory Agreement. As part of the services it provides under the terms of these agreements, BIL is responsible for providing the necessary human resources, credit and other service support resources to perform the functions necessary, and for providing some advisory services, limited to the provision of information and explanations.
Investor Documents
| Extraordinary General Meeting Proxy Voting – 15 January 2025 | Download |
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| Redemption Currency Election Form | Download |
| Extraordinary General Meeting Proxy Voting – 19 December 2024 | Download |
| Circular (December 4 2024): Notice Of Extraordinary General Meeting | Download |
| BGLF – Form Of Proxy (Second EGM) | Download |
| BGLF– Form Of Proxy (First EGM) | Download |
| Redeemable Shares Key Information Document (EU) – 2 December 2024 | Download |
| Redeemable Shares Key Information Document (UK) – 2 December 2024 | Download |
| BGLF Memo On Costs – 2 December 2024 | Download |
| Redemption Currency Election Form | Download |
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Monthly Reports
| October 2024 Market Update | Download |
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| Monthly Report – 21 November 2024 | Download |
| September 2024 Market Update | Download |
| Monthly Report – 30 September 2024 | Download |
| August 2024 Market Update | Download |
| Monthly Report – 31 August 2024 | Download |
| July 2024 Market Update | Download |
| Monthly Report – 31 July 2024 | Download |
| June 2024 Market Update | Download |
| Monthly Report – June 2024 | Download |
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News
| April 29, 2025 | Update for Shareholders | Download |
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| January 16, 2025 | Compulsory Partial Redemption Of Shares And Total Voting Rights – 16 January 2025 | Download |
| January 15, 2025 | Result Of Extraordinary General Meeting – 15 January 2025 | Download |
| January 8, 2025 | Further Re Sale Of Assets And Third Redemption – 8 January 2025 | Download |
| January 2, 2025 | Total Voting Rights – 2 January 2025 | Download |
| January 2, 2025 | Further Re Proposed Sale Of Assets – 2 January 2025 | Download |
| December 19, 2024 | Result Of Extraordinary General Meeting – 19 December 2024 | Download |
| December 4, 2024 | Notice Of Extraordinary General Meeting – 4 December 2024 | Download |
| December 2, 2024 | Director/PDMR Shareholding – 02 December 2024 | Download |
| December 2, 2024 | Compulsory Partial Redemption Of Shares And Total Voting Rights – 02 December 2024 | Download |
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News & Research
| May 30, 2019 | Blackstone / GSO Loan Financing – Exploiting The Continuing Recovery | Download |
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| January 18, 2019 | Blackstone / GSO Loan Financing – Loans Underpinned By Recent Sell-off | Download |
| August 07, 2018 | Blackstone / GSO Loan Financing – A Good Time To Buy Into Clos | Download |
| March 23, 2017 | Blackstone / GSO Loan Financing – Senior Loans With Favourable Economics, Structure And Credit Performance | Download |
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Terms of Reference & Key Roles
| Risk Committee | Download |
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| Blackstone Credit Disclosures Updates – January 11, 2021 | Download |
| Role Of The Chair | Download |
| Role Of The Sid | Download |
| Audit Committee | Download |
| Management Engagement Committee | Download |
| NAV Review Committee | Download |
| Remuneration And Nomination Committee | Download |
| Inside Information Committee Terms Of Reference | Download |
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Important Disclosures
All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the fund. All investors are urged to read the prospectus carefully before investing.
This page is not an offer to sell or a solicitation of an offer to buy the Fund’s securities. An investment in the Fund is appropriate only for accredited investors who can tolerate a high degree of risk and do not require a liquid investment. The Fund’s investments in hedge funds are subject to substantial risks, including loss of all or a substantial portion of the investment due to leveraging, short-selling, or other speculative practices, lack of liquidity and volatility of returns. In addition, hedge funds are generally subject to less regulation and higher fees than mutual funds, which may offset the Fund’s profits.