Kirkland Advises Blackstone on Close of Flagship Opportunistic Credit Fund at Over $10 Billion

Kirkland & Ellis advised Blackstone (NYSE: BX) on the final close of Blackstone Capital Opportunities Fund 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 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.

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The Kirkland team included investment funds lawyers Erica Berthou, Townshine Wu and John Folkerth.