Blackstone Closes Its Fourth Capital Opportunities Fund With $8.75bn Available for Its Opportunistic Private Debt Strategy

Jan 12, 2022 | News

Blackstone announced the final close of Blackstone Capital Opportunities Fund IV. With the final close of COF IV, Blackstone Credit has $8.75bn available for its opportunistic private debt strategy. COF has an almost 15-year track record of providing private financings for businesses of all sizes and across industries.

Louis Salvatore, Co-Portfolio Manager of the Capital Opportunities Funds, said: “We are pleased to have closed our fourth COF fund and are very appreciative of the strong support from our Limited Partners. We believe our track record, scale and structuring expertise position us as a valuable partner to private equity sponsors and large cap companies.”

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Rob Petrini, Co-Portfolio Manager of the Capital Opportunities Funds, added: “Our latest fund is off to a terrific start, leveraging our strong sourcing engine and broad mandate to invest in a diverse set of industries, geographies and structures. We are driving the secular trend of large companies increasingly accessing private capital through our scale and also capitalizing on Blackstone’s thematic approach to investing.”

COF IV has already made 12 investments and commitments with a focus on high growth industries, such as technology and healthcare.

Blackstone Credit is one of the world’s largest credit-focused asset managers. Blackstone’s Credit and Insurance segment has $188 billion of AUM as of the third quarter of 2021.

Source: Business Wire

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