News
Blackstone · Fundraise · Institutional Investment · Private Credit
Blackstone (NYSE: BX) successfully closed its Blackstone Capital Opportunities Fund V (COF V) at over $10 billion, hitting its hard cap due to strong institutional demand for private credit.
This significant fundraise builds on Blackstone Credit & Insurance’s (BXCI) 20-year track record, with its opportunistic credit strategy generating a 13% net IRR since inception in 2007. Blackstone currently manages $520 billion in total assets across corporate and real estate credit.
Lou Salvatore, Co-Portfolio Manager, stated COF V is Blackstone’s largest opportunistic credit fund to date, reflecting robust demand despite industry noise. Rob Petrini, Co-Portfolio Manager, highlighted the fund's broad mandate and robust sourcing engine, enabling investments across diverse industries, geographies, and capital structures.
He believes the current environment is attractive for deploying flexible capital in private corporate credit and providing structured solutions to companies in strong thematic sectors. BXCI is a leading global credit investor, offering capital to strengthen and grow businesses and providing investment management services for insurers.
