At a glance
- SablePointe will source, structure and manage senior secured asset-based and first-out credit facilities for corporate borrowers.
- No fund vehicle, fee, minimum or redemption terms were disclosed.
- For advisers, the announcement adds no allocable product today: it names a lending strategy and an origination team, not a fund.
Blackstone Credit & Insurance formed SablePointe Credit Strategies, an asset-based and first-out direct lending platform, with Crown Partners as exclusive financial adviser on the formation and launch, ABF Journal reported on Nov. 3.
SablePointe will source, structure and manage senior secured asset-based and first-out credit facilities for corporate borrowers. James Garlick is president of SablePointe.
No fund vehicle, fee, minimum or redemption terms were disclosed.
For advisers, the announcement adds no allocable product today: it names a lending strategy and an origination team, not a fund.
Reported by the Raises & Launches desk from ABF Journal. Published . Corrections