Blackstone raises $10 billion for opportunistic credit funds

LootboxPhobia · 2026-04-07T18:31:04+00:00

Blackstone recently announced that it has raised $10 billion for its latest opportunistic credit fund, the largest of its kind in its history. The fund will invest in performing and undervalued assets, as the private credit market has recently come under pressure, especially in the software industry.

LootboxPhobia

2026-04-07 18:31:04

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Investing.com – Blackstone Inc. said on Tuesday that the firm raised $10 billion for its latest opportunistic credit fund.

Blackstone Capital Opportunities Fund V received oversubscription and completed fundraising at a hard cap size, marking the largest opportunistic credit fund the company has raised to date. The fund will include both performance-style investments and opportunistic investments, with the latter primarily targeting assets that may be undervalued.

The $1.8 trillion private credit market has faced scrutiny in recent months due to its exposure to the software industry, which is dealing with challenges brought on by advances in artificial intelligence. The selloff in software companies has affected retail investors, and several private credit funds aimed at individual investors have implemented redemption limits equal to 5% of total shares.

Blackstone manages $520 billion in corporate and real estate credit assets. Its flagship private credit vehicle this year received a record number of redemption requests, prompting some executives to use their own money to meet approximately $3.8 billion in redemption demands.

Blackstone’s previous capital opportunities fund was raised in January 2022, with a final size of $8.75 billion.

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