Crown Partners announced it served as exclusive financial adviser to Blackstone Credit & Insurance (BXCI) in the formation and launch of SablePointe Credit Strategies, a newly established platform focused on asset-based and first-out direct lending credit strategies.
“Crown provided deep industry research, extensive support, and thoughtful leadership throughout the process,” James Garlick, president of SablePointe Credit Strategies, said. “They are trusted advisors in every sense of the term.”
Crown Partners advises asset managers on investments in asset-based lending and related areas of commercial finance. The firm also advises financial sponsors on senior financings, refinancings and restructurings for asset-heavy portfolio companies. Its senior team has worked together for two decades as principals and advisers.
Headquartered in Alpharetta, GA, SablePointe will support BXCI in sourcing, structuring and managing senior secured asset-based and first-out credit facilities for corporate borrowers, drawing on the sponsor and intermediary relationships of the BXCI and SablePointe teams. The platform complements BXCI’s scale, capital and global reach with specialized industry knowledge and structuring expertise.
