Blackstone Launches SablePointe Credit Strategies Platform
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
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, 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. The platform complements BXCI's scale, capital, and global reach with specialized industry knowledge and structuring expertise. 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.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 125.010
Low
166.00
Averages
176.60
High
205.00
Current: 125.010
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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See More
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- Ownership Change: The transaction will shift Medallia's ownership from Thoma Bravo to an investor group led by Blackstone, Apollo, and FS KKR Capital, marking a significant strategic shift for the company.
- Global Resource Integration: By collaborating with lenders, Medallia will benefit from their expertise in scaling businesses globally, strategic relationships, and resources, thereby improving operational efficiency and market penetration.
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See More
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- Massive Financing: Apollo Global Management and Blackstone have finalized a $35 billion financing deal to support Anthropic's expansion efforts, marking one of the largest private credit deals in history and reflecting strong market interest in AI infrastructure investments.
- Deepening Tech Collaboration: The deal utilizes a Special Purpose Vehicle (SPV) to purchase Tensor Processing Units (TPUs) from Google, which will be leased to Anthropic, allowing the company to keep hardware off its balance sheet and providing financial flexibility ahead of its upcoming IPO.
- Surging Memory Demand: As AI data centers expand, Micron, one of only three companies capable of producing high-bandwidth memory at scale, stands to benefit from the increasing demand for memory, despite the deal primarily relying on Google's TPUs rather than Nvidia's GPUs.
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See More
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- Market Impact Analysis: While this deal may not favor Nvidia due to its reliance on Google's TPUs instead of Nvidia's GPUs, Micron stands to benefit significantly as AI data centers require vast amounts of high-bandwidth memory, and Micron is one of only three companies capable of producing it at scale.
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See More
