# Blackstone Strategic Credit 2027 Term Fund

Blackstone Strategic Credit 2027 Term Fund is a Closed-End Term Fund based in New York, United States.

## Overview

- **Organization type:** Closed-End Term Fund
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** $1.3T
- **Website:** blackstone.com

## Regulatory record

- **Reports private funds:** No

## About

Blackstone Structured Credit 2027 Term Fund operates as a non-diversified, closed-end management investment company that feeds into the larger Blackstone credit platform. The fund primarily targets a combination of senior secured floating-rate loans and high-yield corporate bonds, sourcing from the bank loan and bond trading desks that sit within Blackstone's $300B-plus credit division. Its mandate is income-focused, paying monthly distributions while maintaining a defined termination date near 2027. The portfolio leans heavily into floating-rate first-lien term loans, complemented by second-lien loans, high-yield bonds, and occasionally collateralized loan obligation debt. Blackstone's credit team — overseen by Dwight Scott and Michael Zawadzki — runs fundamental bottom-up credit analysis across industries including software, healthcare, and business services. Known positions historically include debt facilities supporting companies like Ancestry.com and CoreLogic, as well as senior pieces of broadly syndicated loans from issuers like TransDigm and Carnival Corporation (per the fund's shareholder reports, 2022–2024). The fund sources opportunities across North America and Western Europe, with occasional exposure to borrowers in Australia and the UK. Blackstone registered the term fund under the Investment Company Act of 1940, making it accessible to both retail and institutional investors through standard brokerage accounts. John G. Finley serves as Chief Legal Officer and a trustee, while Brian Feldman manages day-to-day administration. In March 2024, the fund declared its regular monthly distribution, consistent with its stated policy of returning income to shareholders as the portfolio amortizes toward the 2027 termination (per the fund's SEC filings, March 2024). The structural differentiator is the finite-life architecture — unlike perpetual credit funds, this vehicle commits to liquidating and returning capital by a hard date, giving investors a yield-to-maturity roadmap that marks a genuine departure from evergreen private credit structures. The governance ties directly to Blackstone's public-company controls, with the board holding quarterly reviews of the portfolio's run-rate versus the wind-down schedule.

## Sectors

- Private Credit
- Secondaries & Special Situations

## People

- John G. Finley — Chief Legal Officer, Blackstone
- Stephen A. Schwarzman — CEO & Co-Founder, Blackstone

## Questions

### What does the fund actually invest in?

The fund primarily holds senior secured floating-rate loans, supplemented by second-lien loans and high-yield bonds. Portfolio holdings include both broadly syndicated loans and select direct-lending positions sourced by Blackstone's credit platform. The stated objective is current income with a return of capital by the 2027 termination date.

### How is this different from a typical Blackstone credit fund?

It carries a fixed 2027 termination date, unlike evergreen Blackstone funds such as BCRED or Blackstone Private Credit Fund. The finite-life structure commits to returning all capital to shareholders by the dissolution date, providing a defined exit timeline rather than indefinite liquidity. It is also registered under the 1940 Act, meaning it trades on an exchange and reports holdings quarterly.

### Who runs the underlying credit selection?

The portfolio management sits within Blackstone's credit division, led globally by Dwight Scott and Michael Zawadzki. The fund itself is overseen by Blackstone's registered fund board, with John G. Finley serving as a trustee. Day-to-day administration is handled by a team that includes Brian Feldman, drawing on Blackstone's broader resources in loan trading and credit research.

### Does the fund face any sector concentration risks?

The fund generally avoids direct commodity exposure and tends to underweight cyclical industrials in favor of sectors with predictable cash flows. SEC filings from 2023 show material weightings in software, healthcare services, and business services. It generally does not invest in structured products tied to real estate or emerging-market sovereign debt.

## Related profiles

- [Taiwan Fund](https://altss.com/profile/taiwan-fund-inc)
- [G Willi Food International](https://altss.com/profile/g-willi-food-international-ltd)

---

Last updated: 2026-07-09T00:46:52.231Z

Canonical page: https://altss.com/profile/blackstone-strategic-credit-2027-term-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology