Blackstone Inc. has launched SablePointe Credit Strategies, a new platform within its credit and insurance arm, to expand asset-based lending origination and underwriting under the leadership of James Garlick. The move comes as Carey S. Roberts, formerly of Ventas, joined Blackstone as Senior Managing Director and General Counsel for Real Estate. These developments, alongside Blackstone's involvement in a Medallia recapitalization and increased political scrutiny of data center investments, highlight the firm's broadening reach across real estate, private credit, and infrastructure-adjacent assets. The SablePointe launch is seen as directly tied to Blackstone's push in private credit, a core growth engine, and connects to the catalyst of expanding fee-related earnings from credit while adding complexity and potential credit quality risk.
Blackstone Group IncBlackstone launches SablePointe to expand asset-based lending, a core growth engine for credit and fee-related earnings.
Ventas IncBlackstone involved in Medallia recapitalization; no details on terms or impact on Medallia.