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16.06.26 - 13:06
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Blackstone Launches SablePointe Credit Strategies to Expand Origination Capabilities Across Asset-Based Lending and Specialty Credit Markets (Business Wire)
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ALPHARETTA, Ga.--(BUSINESS WIRE)--Blackstone Credit & Insurance (“BXCI”) today announced the launch of SablePointe Credit Strategies (“SablePointe”), 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.
“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...
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12.06.26 - 18:31
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Blackrock′s Private Credit Fund Gates Investors Again After Redemption Requests Surge (ZeroHedge)
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Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge
The market may be in full-blown face-ripping bubble mode, and software stocks are now gripped in by a category 5 gamma squeeze hurricane, but not even that is helping the ongoing debacle that is private credit.
One week after Cliffwater's Private Credit fund gated investors for a second straight quarter, and days after Blackstone also gated investors in its private credit fund for the first time (recall during Q1, the fund allowed investors to redeem a record 7.9% after tapping senior executives to help finance the withdrawals with hundreds of millions of their own cash, but when faced with an even bigger flood of redemptions in Q2 it gave up and decided to join the gate parade), BlackRock capped redemptions from its flagship private credit fund for the second straight quarter after investors sought to pull about 13%, a sign that shareholders remain extremely nervous about the health of the $1.8 trillion pr...
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10.06.26 - 20:12
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Apollo Wraps Up $35B Chip Deal for Anthropic (Bloomberg)
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Bloomberg's Emily Graffeo joins Matt Miller on "Bloomberg Deals." Apollo Global Management and Blackstone have finalized a $35 billion financing package for Anthropic to expand its AI infrastructure, marking the latest mega-deal in the AI race. (Source: Bloomberg)...
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10.06.26 - 05:06
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Broadcom, Apollo, Blackstone launch US$35B AI infrastructure platform to power next wave of AI growth (Digitimes)
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Broadcom has partnered with Apollo Global Management and Blackstone's Credit & Insurance business to launch the AI XPV Platform, a new financing vehicle backed by an initial US$35 billion commitment aimed at accelerating AI infrastructure deployment. According to The Wall Street Journal, the platform is designed to support more than 20GW of AI compute capacity by 2028 using Broadcom's chips and networking technologies, with customers including Anthropic and OpenAI....
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