Blackstone launches SablePointe for asset-based lending origination
James Garlick, former co-founder of Wingspire, joins as president of the new platform.
Blackstone Credit & Insurance (BXCI) has launched SablePointe Credit Strategies as a platform supporting origination, underwriting and portfolio management in asset-based lending. The platform is 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 sponsor and intermediary relationships of the BXCI and SablePointe teams.
James Garlick, former co-founder of Wingspire, has been hired as president to lead the platform's buildout.
Sources: blackstone.com


