– Blackstone (BX) announced the final close of Blackstone Capital Opportunities Fund V (“COF V”), with over $10 billion of investable capital
– The fund was oversubscribed and closed at its hard cap
– The raise builds on Blackstone Credit & Insurance’s (BXCI) 20-year track record investing through market cycles
– Blackstone’s opportunistic credit strategy has generated a 13% net IRR since inception in 2007
– Blackstone manages approximately $520 billion in total assets across corporate and real estate credit
– Lou Salvatore, Co-Portfolio Manager, said COF V is Blackstone’s largest opportunistic credit fund to date, reflecting strong institutional demand for private credit
– Rob Petrini, Co-Portfolio Manager, said COF V benefits from a robust sourcing engine and a broad, flexible mandate across industries, geographies, and capital structures
