Item 5.02. Departure of Certain Officers; Appointment of Certain Officers.
On August 30, 2022, the board of trustees of Blackstone Private Credit Fund (the “Fund”) appointed Kevin Kresge as the interim Chief Financial Officer of the Fund, effective as of the close of business on September 9, 2022.
Mr. Kresge, born 1983, is a Managing Director and Head of Finance for Blackstone Credit, Blackstone’s credit investment platform. At Blackstone Credit, Mr. Kresge is responsible for valuations, financial planning and analysis, expense management and financial reporting.
Prior to joining Blackstone Credit, Mr. Kresge served as Chief Financial Officer of the Private Wealth Solutions (“PWS”) group overseeing strategic planning, financial reporting, data management and business analytics. Prior to PWS, Mr. Kresge served as Chief Administrative Officer of the Strategic Incentives Group, responsible for the global execution, reporting compliance and technology related to firm’s compensation programs and systems. Prior to that, Mr. Kresge was Head of Financial Planning and Analysis with responsibility for the company’s global forecast process, business unit and firm-wide strategic planning, management reporting and various special projects. Before joining Blackstone in 2008, he held a number of roles in Finance and Global Markets and Investment Banking at Merrill Lynch.
Mr. Kresge graduated magna cum laude from Villanova University with a B.S. in Finance and a B.S. in Accounting.
Mr. Kresge’s appointment coincides with the resignation, effective as of the close of business September 9, 2022, of Stephan Kuppenheimer as the Chief Financial Officer and a portfolio manager of the Fund. Mr. Kuppenheimer’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.