Blackstone Inc. announced the final close of its flagship opportunistic credit fund, Capital Opportunities Fund V, raising over $10 billion and reaching its hard cap.

The fund, Blackstone’s largest opportunistic credit vehicle to date, reflects strong investor demand for private credit strategies. The firm highlighted its long-term performance in the segment, noting a 13% net internal rate of return since 2007.

Blackstone said the fund will invest flexibly across industries, geographies, and capital structures, targeting opportunities in private corporate credit and structured financing solutions.

The close underscores continued institutional interest in private credit markets amid evolving economic conditions.