Blackstone closed Blackstone Capital Opportunities Fund V with over $10 billion in capital.
The fund reached its hard cap and was oversubscribed.
This total represents the firm’s largest-ever fund dedicated to the opportunistic credit strategy.
The raise surpasses the $8.75 billion secured for the predecessor fund in 2022.
The closing occurs as the private credit industry faces headwinds from software sector exposure and capital outflows.
The fund maintains a flexible mandate to invest across diverse industries, geographies, and capital structures.