Blackstone Inc. has closed an opportunistic private debt fund, with $8.75 billion available to invest, the company said today.

The Blackstone Capital Opportunities Fund IV, or COF IV, will provide private financings for businesses across sizes and industries in diverse geographies and structures. Louis Salvatore and Rob Petrini are co-portfolio managers of Blackstone's Capital Opportunities Funds.

COF IV has so far executed 12 investments and commitments, targeting high-growth industries such as technology and healthcare, according to a company statement.

Blackstone Credit is a credit-focused asset manager. Blackstone's deal roster of recent months includes several of the private credit market's largest-ever transactions, including Stamps.com, Inovalon, Guidehouse, Cambium Learning and Medallia.