Blackstone Credit & Insurance announced the launch of SablePointe Credit Strategies, a new platform supporting origination, underwriting, and portfolio management in asset-based lending.
SablePointe has hired James Garlick as President to lead the platform’s buildout and strategic growth. Garlick previously co-founded Wingspire.
Headquartered in Alpharetta, Georgia, SablePointe will support Blackstone Credit & Insurance in sourcing, structuring, and managing senior secured, asset-based, and first-out credit facilities for corporate borrowers.
The platform is designed to combine Blackstone Credit & Insurance’s scale, capital base, and global reach with SablePointe’s specialized industry knowledge and structuring expertise.
SablePointe will initially support Blackstone Credit & Insurance’s asset-based and first-out direct lending credit strategies. Over time, the platform plans to extend its support across additional specialty asset classes.
The launch expands Blackstone Credit & Insurance’s origination capabilities across asset-based lending and specialty credit markets. The platform will draw on existing sponsor and intermediary relationships across both Blackstone Credit & Insurance and the SablePointe team.
Crown Partners served as exclusive financial advisor to Blackstone in connection with the launch of SablePointe Credit Strategies.
SablePointe Credit Strategies is a Blackstone portfolio company supporting origination, underwriting, and portfolio management capabilities across asset-based lending, first-out credit products, and a growing range of specialty asset classes.
KEY QUOTES:
“This is an important new platform for origination and strengthens our ability to be a one-stop capital solutions provider for companies. We look forward to working with James and his team to originate high-quality opportunities across the asset-based lending markets.”
Aneek Mamik, Head of Financial Services for Asset-Based Finance for Blackstone Credit & Insurance
“The combination of SablePointe’s expertise and BXCI’s scale and existing corporate lending platform will be powerful for both borrowers and our investors.”
Brad Marshall, Global Head of Private Credit Strategies for Blackstone Credit & Insurance
“It is a tremendous opportunity and a privilege to partner with Blackstone in launching SablePointe. We are in the early innings of building a foundation that will support a strategy for BXCI that we expect to grow meaningfully over time, delivering thoughtful credit solutions, disciplined execution, and exceptional service to borrowers, sponsors, and investors.”
James Garlick, President of SablePointe
