Blackstone has completed the final close of its Blackstone Capital Opportunities Fund IV (COF IV), unlocking $8.75 billion of funds for its opportunistic private debt strategy.
COF IV has already made 12 investments, with a focus on high-growth industries such as technology and healthcare.
“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,” said Rob Petrini, co-portfolio manager of the capital opportunities funds. “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.”
As of the third quarter of 2021, Blackstone's Credit and Insurance segment had $188 billion of assets under management.