Blackstone Inc. closed its Blackstone Capital Opportunities Fund V at a $10 billion hard cap, its largest opportunistic credit raise.
The fund will invest in both performing assets and undervalued opportunistic opportunities amid a $1.8 trillion private credit market.
Private credit faces scrutiny over software sector exposure, with retail investors hit by sell‑offs and redemption limits of 5% imposed.
Blackstone manages $520 billion in assets; senior leaders injected capital to satisfy about $3.8 billion of redemption requests.