Blackstone Credit & Insurance (BXCI) launched SablePointe Credit Strategies, a new platform supporting origination, underwriting and portfolio management in asset-based lending. SablePointe hired James Garlick, former co‑founder of Wingspire, as president to lead its buildout and strategic growth.
Headquartered in Alpharetta, Georgia, SablePointe will support BXCI as it sources, structures and manages senior secured asset-based and first-out credit facilities for corporate borrowers, drawing on the longstanding sponsor and intermediary relationships of the BXCI and SablePointe teams.
“This is an important new platform for origination and strengthens our ability to be a one-stop capital solutions provider for companies,” Aneek Mamik, head of financial services for asset-based finance for BXCI, said. “We look forward to working with James and his team to originate high-quality opportunities across the asset-based lending markets.”
Brad Marshall, global head of private credit strategies for BXCI, added, “The combination of SablePointe’s expertise and BXCI’s scale and existing corporate lending platform will be powerful for both borrowers and our investors.”
James Garlick, president of SablePointe, said, “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.”
SablePointe will initially support BXCI’s asset-based and first-out direct lending credit strategies, with plans to extend its support across additional specialty asset classes over time.
Crown Partners served as exclusive financial advisor to Blackstone in connection with the launch of SablePointe Credit Strategies.
