Blackstone Credit Launches SablePointe to Expand Asset-Based Lending

Blackstone Credit & Insurance has launched SablePointe Credit Strategies, a new platform focused on asset-based lending that will support the firm’s origination, underwriting and portfolio management capabilities.

Headquartered in Alpharetta, Georgia, SablePointe will originate, structure and manage senior secured asset-based and first-out credit facilities for corporate borrowers on behalf of Blackstone Credit & Insurance. The platform is expected to serve as a key component of Blackstone’s expanding asset-based finance business.

To lead the effort, SablePointe has appointed James Garlick as president. Garlick previously co-founded Wingspire Capital, where he helped build a national middle-market lending platform specializing in asset-based and specialty finance solutions.

“This is an important new platform for origination and strengthens our ability to be a one-stop capital solutions provider for companies,” said Aneek Mamik, head of financial services for asset-based finance at BXCI.

Initially, SablePointe will focus on supporting Blackstone’s asset-based and first-out direct lending strategies. Over time, the platform plans to expand into additional specialty asset classes, broadening the firm’s capabilities across private credit.

“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,” Garlick said.

Crown Partners served as Blackstone’s exclusive financial advisor in connection with the launch of SablePointe Credit Strategies.