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0 0.00143820224719111 0.00449438202247191 0.00449438202247191 0.00404494382022474 0.00134831460674162 0.00130337078651695 0.00771415730337088
Stock impact report

Blackstone Closes Flagship Opportunistic Credit Fund at Over $10B, Hitting Hard Cap

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today 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.This fundraise 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 $520 billion of total assets across corporate and real estate credit.Lou Salvatore, Co-Portfolio Manager of the Capital Opportunities Funds said: “COF V is Blackstone’s largest opportunistic credit fund raised to date, reflecting continued strong institutional demand for private credit. Amidst a noisy backdrop for the industry, we believe this fundraise demonstrates the strength of Blackstone’s capabilities in private credit, and we’re grateful for the support from both longstanding and new investors.”Rob Petrini, Co-Po Show less Read more
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